What Are My Insurance Options?

There are many different types of insurance available for your business. The insurance that is right for you will depend on many things such as the nature of your business and whether you employ people.

Insurance can be divided into protection for three main categories:

  • assets and revenue
  • liability
  • employees.

Refer to the Types of Insurance Business Guide for detailed information about each of these three categories.

Keep in mind that worker's compensation is compulsory cover for your employees. Many insurance providers will offer several types of insurance bundled in a package.

Assets and revenue

  • Fire and perils
  • Burglary
  • General property
  • Glass breakage
  • Electronic equipment
  • Machinery breakdown
  • Perishable food
  • Fusion insurance
  • Damage to goods
  • Export credit
  • Marine insurance
  • Fidelity guarantee (Employee dishonesty)
  • Loss of money
  • Motor vehicle insurance
  • Unregistered equipment
  • Product recall
  • Trade credit
  • Business interruption
  • Income protection insurance
  • Loss of profit
  • Key person insurance
  • Partnership protection insurance
  • Weather

Liability

  • Public liability
  • Professional indemnity
  • Products liability
  • Directors and office bearers liability
  • Employment practices liability

Employees

  • Workers' compensation (compulsory)
  • Sole traders and partners (not covered by worker's compensation)
  • Personal accident, illness or disability

What’s next...

  • Call 13 12 49 to speak to an SBDC advisor
  • If you are a member of an industry group or association contact them for recommended insurers that specialise in your field, or give special discounts or offers to members.
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