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Business at home insurance
Running a business out of your home? Protect yourself with an insurance policy designed for home businesses.
Key takeaways
- Running a business from home is generally not fully covered by standard residential home and contents insurance.
- You typically need dedicated business insurance to protect specialized equipment, stock, and business-related liability.
- Premiums for home-based business insurance policies are tax-deductible as general business expenses in Australia.
Operating a business from home offers freedom, low overheads and flexibility, but it also blurs the lines between your personal life and commercial operations.
A common misconception among Australian home business owners is assuming that a standard residential home and contents insurance policy covers their business activities. In reality, most standard home insurance policies explicitly exclude commercial equipment, inventory, and third-party liabilities arising from business visitors.
What does home-based business insurance cover?
Home business insurance can be tailored to match your specific day-to-day operations. Depending on your occupation, policies commonly package the following protections:
- Public liability insurance: Covers legal costs and compensation if a client, delivery courier, or supplier is injured on your premises or if you cause damage while visiting clients.
- Business contents & equipment: Protects specialised tools, client records, computers, stock, and inventory against fire, storm, theft, and accidental damage.
- Professional indemnity: Covers financial loss or legal defence costs if a client claims your professional advice, design, or service was negligent or erroneous.
- Business interruption: Helps cover ongoing expenses and lost income if an insured event (like a house fire or storm) prevents you from trading from home.
- Standard exclusions:
- Wear and tear, gradual deterioration, or insect damage
- Damage occurring while premises are unoccupied for more than 60 consecutive days
- Losses related to war, invasion, civil insurrection or revolution
- They are for consequential loss of any kind
- They are false or fraudulent
- You, or someone else with your knowledge, intentionally cause the loss or damage
Speak to a broker about business insurance for home-based business
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We run an accommodation business from home and would like to insure our home mainly against a bush fire, not all the other stuff and of course public liability in case the guest falls over during their stay. We also offer our guests the option to join a yoga class in the afternoon, this is my personal yoga class (public not invited) and I do have professional indemnity separate for this. Can you help with this?
Hi Rose, we’re a comparison and review site, so we can show you a number of options that might be suitable. To get a quote, you can click the black button at the top of the page that says “Get online quotes” and you can start the process right away. You may also want to speak to a broker, who can give you personalised advice and quotes – you can click the “speak to a broker” button to get the conversation started. Hope this helps!