Key takeaways
- Insurance Australia Group (IAG) is the largest general insurer in Australia and operates business insurance through brands such as NRMA, CGU and WFI, followed by Suncorp Group and QBE.
- Direct brands like AAMI, Allianz and NRMA offer 'Business at Home' policies for residential operations and often include monthly payments at no extra cost.
- Some brands such as Vero, Chubb, Zurich and DUAL operate through brokers and specialise in high-risk, niche or complex industries that retail insurers may not cover.
- Some insurers offer a discount when you hold more than one policy with them, so ask whether bundling business cover with your home or motor insurance could lower your premium.
FAQs
-
Insurance Australia Group (IAG) is the largest general insurer in Australia and operates through brands such as NRMA Insurance, CGU and WFI. It holds the highest market share in the general insurance industry, followed closely by Suncorp Group and QBE.
-
Yes, many major brands such as AAMI, Allianz and NRMA offer specific 'Business at Home' packages or extensions for residential-based operations. These policies bridge the gap because standard home and contents insurance typically excludes business-related liability and equipment.
-
No, some insurance brands like Vero and DUAL operate exclusively through brokers and do not offer direct online purchasing for business owners. While direct brands like AAMI or Youi focus on digital self-service, others require a professional intermediary to assess complex risks before a policy is issued.
-
Yes, brands such as AAMI, GIO and Allianz often provide pay-by-the-month options with no interest loading or additional premium fees. However, other providers may treat monthly payments as a premium funding arrangement which can incur an admin fee of approximately 6% to 10% per annum.
-
Chubb, Zurich and Lloyd's of London agencies like DUAL specialise in high-risk industries, complex manufacturing or professional services requiring high indemnity limits. These brands are often preferred for businesses with international exposures or those operating in hazardous environments where standard retail insurers have no appetite.
-
Possibly. Some insurers offer a discount when you hold more than one policy with them, but whether it applies to business cover, and how much it's worth, varies by insurer and policy. Ask your current home or motor insurer before you buy, and compare the bundled price against standalone business quotes.
Compare business insurance cover
Was this content helpful to you?
Thank you for your feedback!
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.
I have business protect insurance and pay $520 a year. I only work 2 days a week in a hairdressing salon in a nursing home.
I think this is too much.
Hi Ellie,
Thank you for getting in touch with Finder.
If you think that you are paying more than you should, I suggest that you determine your insurance needs. You may want to read more about tips and strategies in getting business insurance.
I strongly suggest that you contact your insurer directly regarding this before switching, hopefully, they can offer a cheaper one. Also, seek professional help by talking to an expert on which or where to take out your policy with.
I hope this helps.
Have a great day!
Cheers,
Jeni
Hi
Just I was wondering in case a staff works in more than one workplace with exactly the same job nature, can the insurance cover the all workplaces?
Hi Nasim,
Thank you for your question.
Terms and conditions vary from insurer to insurer. You can reach out to an advisor by completing the contact form on our business Insurance home page. Once you have done so an advisor will be in touch to help you.
Cheers,
Zubair