Find out why 60,000 businesses have chosen AAMI Business Insurance. Compare policies and apply securely.
Every business needs insurance to protect it from the range of exposures it faces every day. And because most small businesses operate on a shoestring budget, it’s important to find business insurance that’s affordable as well as effective. AAMI is a specialist insurance brand offering direct insurance solutions to Australian small business and offers cover that can be tailored to exactly suit the needs of any enterprise.
What types of options does AAMI offer?
AAMI offers two main types of cover:
- Business insurance for people with a business premise
- Public liability insurance for businesses with out a premise.
Whether you are looking for financial protection if your business is damaged in a fire, protection from claims for faulty products or protection for your investment property, AAMI offers a range of insurance solutions to meet the needs of a broad variety of businesses.
After a quote for AAMI Business Insurance?
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.
What are the benefits of taking out cover from AAMI?
The wide variety of covers offered through AAMI Business Insurance provide protection for every aspect of a small business and include:
- Legal liability. Public liability insurance of $5 million, $10 million, $15 million or $20 million, covering third party injury or property damage caused by your business.
- Portable and valuable items. Covers items such as laptops, tablets, smart phones or any portable items that you use in the course of doing business anywhere in the world.
- Money. Covers loss or damage of your cash due to theft, fire or armed holdup, either while in transit or at your premises.
- Commercial motor. Offers a choice of comprehensive cover for your company vehicles or legal liability cover for third party injury and property damage only.
- Tax probe. Covers costs associated with an audit of your business by the ATO or other government body.
- Fire and defined events. Covers property damage to your premises from insured events such as fire, lightning strike or explosion.
- Back in business. Covers a reduction in your business revenue resulting from damage to your property.
- Theft. Covers your contents and stock against theft, attempted theft or armed holdup.
- Glass and signs. Covers loss or damage to glass window frontages, signs and showcases on your premises.
- Machinery breakdown. Covers the breakdown of machinery, computers and electronic equipment on your premises.
- Deterioration of stock. Covers deterioration of perishable stock due to the breakdown of freezer or refrigeration equipment.
- Goods in transit. Covers loss or damage of stock while it is in transit.
- Employee dishonesty. Covers theft of your property or money by any of your employees.
- Products liability. Covers your liability for damage to property or injury to a third party, due to the products you sell at your market stall.
Not all of these cover options are applicable to all business but you have the freedom to customise your cover to suit your needs.
Can I get small business insurance with AAMI?
Small business insurance owners can get cover from AAMI.
What's offered for smaller operations?
As well as being able to customise your business insurance package, AAMI offers a range of benefits to small business customers, including:
- 24/7 telephone help from a real person
- A claims satisfaction rating of more than 80%
- Highly competitive pay-by-the-month premiums
- Immediate coverage available online.
What other types of insurance does AAMI provide?
As well as Business Insurance, AAMI provides insurance cover in a range of other areas as well. Some of these include:
- Car insurance – a choice of comprehensive cover, third party property only and compulsory third party injury cover.
- Caravan insurance – covers damage to your caravan and contents, towing and storage costs and your temporary accommodation costs.
- Home building and contents insurance – protects your home and contents from key events such as fire, theft, flood and storm damage.
- Life insurance – protects your family's financial future in the event of your terminal illness or death.
- Income protection insurance – provides an income in the event that you are unable to work due to illness or injury.
- Accidental injury insurance – covers you for accidents anytime and anywhere, with lump sum payments of up to $100,000.
- International travel insurance – includes unlimited overseas medical expenses, lost or stolen baggage, delayed or cancelled journeys and legal liability.
How do I make a claim with AAMI?
If you ever have to make a claim on your business insurance, you'll find that AAMI’s claim process is as simple and straightforward as it gets. If claiming for loss, damage or personal injury, take the following steps:
- Take all reasonable steps to reduce the loss or damage and prevent further damage
- Call the police if you know or suspect theft, break-in or malicious property damage
- Call AAMI on 13 22 44
- Preserve any damaged property and make it available for inspection by AAMI or their agent
- Notify any other insurers you are required to and advise AAMI of their details.
If you have an upcoming tax audit or investigation of your financial affairs for which you plan to claim costs:
- Provide AAMI with the details in writing as soon as possible
- Obtain AAMI’s prior approval before retaining any professional, other than your accountant
- Keep AAMI informed of all developments as they occur
- Submit all accounts for professional fees to AAMI immediately after receiving them.
Still not convinced? Some final reasons to choose AAMI
There are numerous reasons why AAMI is an excellent choice for business insurance.
- They offer customised insurance to suit your particular business needs
- They provide 24/7 help and advice from a real person, not a machine
- They have a claims satisfaction rating of over 80%
- They offer competitive pay-by-the-month premiums and immediate online coverage.
AAMI Life Insurance: Frequently asked questions
How can I pay for my AAMI Business Insurance policy?
You can pay your premiums by credit card (Visa, MasterCard and American Express all accepted), BPAY, cheque or at your post office. If your annual premiums are more than $270, you can also pay your premiums monthly via direct debit or credit card.
What types of occupations does AAMI Business Insurance cover?
AAMI offers policies to businesses across a wide range of industries, including tradespeople, hospitality providers, retailers, professionals and more.
Who exactly does my AAMI business insurance policy cover?
Your policy covers the employees, directors, business partners and senior executives of your business.
Does my legal liability cover provide protection Australia-wide?
Yes, you’re covered anywhere in Australia for legal liability resulting from the business activities detailed in your policy documents.
When do I get a Certificate of Currency?
This certificate is supplied when you first purchase an AAMI Business Insurance policy. However, you can request a copy via AAMI’s website or by phoning the insurer.
What information do I need to provide about my business in order to take out a policy?
You’ll need to supply a range of information to purchase a policy, including:
- An estimate of the business revenue
- The number of business employees
- The registered business name and/or registered trading name
- The ABN or ACN (if applicable)
- Your contact details
What do I do if I want to change my cover?
You can change the level of cover you have in place by phoning AAMI.
What if I want to cancel my policy?
You can cancel your policy at any time by phoning or writing to AAMI.
Is there a form I need to fill out when I want to make a claim?
No, there is no claim form you need to fill out. Instead, you must phone AAMI to speak to one of the insurer’s dedicated claims staff - AAMI can be contacted 24 hours a day, seven days a week.
Will I need to pay an excess when I make a claim?
Depending on your policy, you may need to pay one or more excesses when you make a claim. The details of any excesses that may apply are shown in your PDS.