Compare business insurance

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Compare business insurance

Name Product Business Property Business Liability Business Interruption Business Theft Business Glass Business Vehicle
Elders Business Insurance

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We can help. With Business Insurance Finder™ you can:

  • Tailor policies to suit your business and your budget
  • Get personalised quotes in a matter of minutes
  • See a side-by-side price comparison of different policies

How does business insurance work?

You pay a regular fee and in exchange you'll get financial help in heaps of untoward situations. That could be anything from burglary and storm damage, through to legal costs and compensation if you find yourself on the wrong end of a lawsuit.

One of the best bits of business insurance is that you can pick and choose which types of cover you want. Don't have any stock? Scrap contents. Worried about an online hack? Add cyber.

Main types of business insurance

Which types of business insurance do you need?

If you're not sure which type of business insurance you need, we suggest chatting with an expert broker who will be able to help. However, we created the table below as a quick guide.

TypeIf your business...You run the risk of...Insurance can help you with...
Commercial property
  • Has a physical location or stock
  • Property damage due to theft, fire, water, storms, impact and more
  • The cost of repairs or replacement
Professional indemnity
  • Gives advice or provides a service
  • A customer filing a lawsuit if you give incorrect or misleading advice
  • Legal fees, investigation costs and compensation
Product liability
  • Creates and sells any product
  • That product injuring someone or causing property damage
  • Legal fees, investigation costs and compensation
Public liability
  • Has a physical location or comes into contact with people in any way
  • A person being injured or killed due to your business activity or premises
  • Legal fees, investigation costs and compensation
Business interruption
  • Requires a certain location, certain equipment or even just certain circumstances to operate
  • Your business being unable to operate if something disrupts the basic requirements
  • Covering the cost of lost income
  • Has any online involvement
  • Cyber attacks, leaked customer information, ransom demands
  • Data recovery, expert consultants, legal fees and compensation

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If you are ready to speak with a consultant about different business insurance options available, simply enter your details in the form. Keep reading if you want to learn more about the different types of cover available.
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Is business insurance compulsory?

Public liability insurance and professional indemnity are compulsory for certain professions. Without it, they may not be able to operate with a full licence.

Different states set requirements for liability insurance, as do professional associations and licensing bodies. Some even set minimum requirements for the amount of insurance needed.

Many businesses will also demand that their suppliers or service providers have business insurance as part of their contract.

However, the rules vary between different states and different professions, so it's best to check with an insurer, your own professional association or an expert broker.

warningIf you employ at least one person, it's very likely you will need workers compensation insurance. Read specific requirements here.

How much does business insurance cost?

That'll depend on how comprehensive your policy is, what type of business you're running and how big your turnover is – among a few other factors.

To give you an idea of just how much quotes can vary, we requested quotes for two of the most popular types of business insurance: public liability and professional indemnity.

Public liability

All quotes are for $10 million worth of cover, for businesses with the same Sydney address. It just goes to show how much prices can vary, even between insurers.

Business typeMassage therapyDomestic cleaningPlumbing and gasCoffee shop
Workforce1 worker2 workers3 workers4 workers
Annual revenue$100,000$150,000$300,000$350,000
Quote 1$24.15$63.33$82.57$42.73
Quote 2$40.55$73.46$159.44$56.65
Quote 3$68.80$115.97$257.24$208.62

Professional indemnity

All quotes are for $2 million worth of cover, with the same Sydney address. Only one insurance brand we looked at would provide quotes for every business, so we've only listed those prices.

Business typeLand surveyingBookkeepingMigration agencyMortgage brokerage
Annual revenue$100,000$150,000$300,000$350,000

What impacts the cost of business insurance?

Lots of factors affect the cost of business insurance, including:





Amount of cover

Claims history

Tips for finding the best business insurance

You want the best for your business. When looking for insurance, keep these tips in mind:

Understand your risks

Different businesses need different types of insurance. We've given a brief overview further up this page, but it's worth taking the time to properly understand your risks.

Be completely honest

Never be tempted to bend the truth in order to save a few bucks. If you deliberately mislead your insurance company, you could find a claim is rejected further down the line.

Compare policies

Don't just settle for the first policy you find. Compare online and you could find more comprehensive cover, a better price or if you're really lucky, both.

Read the PDS

We know insurance documents aren't fun but they're super important. Invest your time in properly reading the PDS so you know exactly what you're covered for and what you aren't.

Consider a broker

Business insurance is tricky. Don't be put off just because you're not an expert. There are plenty of experts out there who can help you. Plus, it doesn't cost a cent to get advice from a broker.

Receive a business insurance quote

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12 Responses

    Default Gravatar
    OlenaNovember 29, 2018

    Hi, could you please tell me if a sole trader who owns a mobile welding van needs business insurance or whether 10M Public Liability is enough?

      Default Gravatar
      NikkiNovember 29, 2018

      Hi Olena,

      Thanks for getting in touch! As your business is construction related this poses higher risks especially if this a mobile welding van. It would be best to speak to an insurance broker as they will be able to see the whole picture of your business and from there offer you the best insurance for your business.As a friendly reminder, carefully review the Product Disclosure Statement of the product before applying.

      Hope this helps!


    Default Gravatar
    JaimieAugust 16, 2017

    Hi i am a snake handler and remove snakes from private residence’s . Would you be able to give me some prices on public liability insurance.

      Avatarfinder Customer Care
      MayAugust 16, 2017Staff

      Hi Jaime,

      Thank you for your inquiry.

      The cost or premium of public liability insurance would depend on some factors including but not limited to the nature, size, and location of your business. Insurers would also assess any potential risks associated with outsiders who use the premises when considering the cost.

      With this in mind, you may go ahead compare the quotes for public liability insurance from different brands. There’s a form on that page, which you can fill out. Once you have submitted your information, someone will then get in touch with you and discuss the available options based on your needs. Moreover, you’ll also get more details on what are and aren’t covered by public liability insurance on that page.

      Hope this helps.


    Default Gravatar
    KevJanuary 23, 2017

    Who has the cheapest public liability insurance for market store insurance of $20,000,000

      Avatarfinder Customer Care
      RichardJanuary 24, 2017Staff

      Hi Kev,

      Thanks for getting in touch.

      I’m afraid I can’t provide you a specific answer as we don’t provide online quotes at this time. If you would like to get a quote from an adviser, you can do so by entering your contact details on our business insurance quote form.

      All the best,

    Default Gravatar
    JaymzDecember 8, 2016

    Hi, I have few q’s on public liability can some one get back to me please. Thank you.

      Avatarfinder Customer Care
      RichardDecember 9, 2016Staff

      Hi Jaymz,

      Thanks for getting in touch.

      You may complete the contact form to get quotes and speak with an adviser for public liability insurance. Please make sure to read the eligibility criteria, features, and details of the policy, as well as the relevant Product Disclosure Statement of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.


    Default Gravatar
    PeterNovember 11, 2016

    Please advise what insurer cover Market stall insurance, Public liability insurance, regarding Childrens temporary airbrush tattoos (non-invasive)

      Avatarfinder Customer Care
      RichardNovember 14, 2016Staff

      Hi Peter,

      Thanks for getting in touch. Finder is a comparison service and can’t provide personalised financial advice. If you like to speak with an adviser, please complete the form above and someone will be in touch.

      All the best,

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