NRMA business insurance review

NRMA offers a range of business insurance policies to provide protection for various professions and situations.

Not enough reviews Write a review
Nicola Middlemiss's headshot

By

Nicola Middlemiss

Updated

Fact checked

Key takeaways

  • NRMA offers a 10% online discount and fee-free monthly payments.
  • Cover is available for over 800 occupations yet excludes cyber attack protection.
  • NRMA reports fewer AFCA complaints than similar sized insurers.

Our verdict

Pros

  • Browse cover options by sector, including trades, hospitality, and retail.
  • Mix and match policies to get the best combination of cover for your needs.
  • Buy online to save up to 10%, and pay monthly at no extra cost.

Cons

  • NRMA business insurance doesn't include any cover for cyber attacks or data breaches.
  • Motor trade insurance is no longer available in the NT.

What can NRMA business insurance cover?

  • Public liability - Covers you if it's shown your negligence led to someone being injured or having their property damaged.
  • Professional indemnity - Covers businesses that give advice or a professional service. It covers your civil liability if you provide advice or a service that causes loss or damage to clients.
  • Farm insurance - Specifically designed for hobby or working farms, cover can include your home, farm buildings and contents, fencing, farm equipment, vehicles and more.
  • Motor trade insurance - Specifically designed for motor trades, including mechanics, vehicle detailer and auto electricians.
  • Commercial motor insurance - Helps protect vehicles you use for business, including accidental damage, fire, theft, and damage to other vehicles or property.

There are also optional extras that can be added to NRMA insurance policies, including:

  • Property - Covers buildings, contents or stock if damaged. For example, due to a fire or storm.
  • Portable property - Covers property like tools or devices while they're away from your business.
  • Glass - For accidental breakages of your shopfront windows, glass shelving or display cabinets.
  • Theft - Covers insured property from loss or damage due to theft.
  • Business interruption - Covers lost income if your business can't operate due to a specific covered event or circumstances.
  • Machinery breakdown - Cover for sudden or unforeseen breakdown of your specified business machinery.
  • Electronic equipment - Covers computer systems or electronic equipment in the event of sudden breakdown or damage from specified events.
  • Personal accident and illness - Provides a weekly benefit if you can't do your regular work due to a covered injury or illness.
  • Money - Cover for specified business cash, including loss caused by theft or accidental damage.
  • Tax investigation - Covers professional costs if you're investigated or audited by the ATO or a government revenue office.
  • Employee dishonesty - Cover for loss of money or goods due to employee fraud or dishonesty.

Who can NRMA business insurance cover?

NRMA business insurance offers cover for over 800 different occupations, including tradies, domestic workers, hospitality businesses, retailers, a wide range of professional services, health and medical professions, motor trades, and farms.

You can search for your occupation while requesting a quote online.

NRMA business insurance claims process

To start your NRMA business insurance claim, you should call 132 818. You'll need your NRMA business insurance policy number, the address of the insured property if applicable, a list of stolen or damaged items if applicable, and a policy incident report number if a crime took place.

How do I cancel my NRMA business insurance policy?

You can cancel your NRMA business insurance policy at any time by notifying NRMA in writing. NRMA will refund the premium for the unexpired period of insurance.

FAQs

Nicola Middlemiss's headshot
Journalist
Add to Preferred Sources

Nicola Middlemiss is a journalist with nearly a decade of experience in personal finance and insurance. She has contributed to Domain, Yahoo Finance, Money Magazine and Insurance Business Australia, offering in-depth insights into commercial insurance in the Australian market. Nicola holds a Bachelor’s degree in English from the University of Leeds and a Tier 1 General Insurance (General Advice) certification, which complies with ASIC standards. See full bio

Nicola's expertise
Nicola has written 170 Finder guides across topics including:
  • Personal finance
  • Personal insurance, including car, health, home, life, pet and travel insurance
  • Commercial business insurance
More resources on Finder

Get rewarded $$ for switching with Finder Rewards

Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

More guides on Finder

  • imar business insurance review

    Imar offers legal liabilty cover of up to $20 million and a host of different insurances you can shape to the needs of your business – even if it’s a business of one.
  • Elders Business Insurance

    Find out how Elders Business Insurance might be right for you.
  • Elders Farm Insurance

    Find out how Elders Business Insurance might be right for you.
  • Types of Business Insurance

    There are various types of insurance to consider based on your specific business needs. Find out more in this guide.
  • Drone Insurance Guide

    Just like any other form of insurance, if you are operating a drone for commercial purposes, it makes good sense to insure your business against damage or injury to others and damage or loss of your equipment.
  • Pet Business Insurance

    Find comprehensive business insurance cover for pet service professionals.
  • View Business Insurance Brands: A to Z Listing

    View the finder.com.au listing of Australian business insurance providers and find out what each provider covers. Access detailed policy reviews and make an enquiry for different companies.
  • Hourly Rate Calculator

    This hourly rate calculator helps you consider your costs and profit and divide that by the number of hours you will work.
  • Aon professional indemnity insurance

    Aon, a global insurance company with a wealth of experience, offers professional indemnity insurance cover to suit an extensive range of professions.

  • Professional indemnity insurance for builders

    Find professional indemnity insurance for builders in Australia.
Go to site