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You're looking for business insurance but it's tough to make time in the daily hustle and bustle to find the right policy at the right price. Choosi can help! We'll get you information on the range of covers available and gather prices from leading insurance providers. It's the information you need to compare alternatives and make a sound business insurance decision.

Australian business insurance comparison

Compare business insurance products

As a business owner, you know the value of protecting everything you’ve worked hard to create. After all, your business is not only your livelihood—it represents years of hard work and planning. That’s why Choosi lets you compare, choose, and apply for a range of different business insurance policies available in the market. We’ll help you find a policy that suits your budget, goals, and future growth by showing you what’s on offer with each policy. Whether you’re after public liability cover, professional indemnity insurance, or anything in between, comparing policies is the best way to make sure you’re getting the best possible deal.

Why use Choosi for your business insurance comparison?

Choosi makes finding business insurance easy.

Don’t leave your business plans down to guesswork. Choosi makes it easier than ever to find the right business insurance policy, helping you plan for future challenges with total peace of mind. Plus, once you find a policy you’re happy with, you can apply directly with no added cost. Start comparing today to find out why so many business-owners like you rely on Choosi.

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Learn more about business insurance

Choosing the right insurance can be complicated and confusing. These clear, simple articles can help you understand more about business insurance, how it works and why you should be considering it.

Business insurance can help provide financial cover for material damage to your business premises and its contents, (including loss, damage, or theft) as well as cover against any resulting financial loss from an insured event which was caused by business interruption.

Public liability insurance protects you and your business against the legal costs of a claim for personal injury or damage to the property of others that occurs as a result of your business activities, either at your workplace or another location.

Professional indemnity insurance is for businesses and individuals who provide professional services or advice to their clients and protects them from the legal costs and claims for damages that may arise from an act, omission, or breach of duty during the course of their business.

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Frequently Asked Questions (Frequently Asked Questions)

Why is it important to maintain your professional indemnity insurance?

Professional indemnity insurance covers you on what’s known as a ‘claims made basis’. This means that you need to have a current policy on the date that a claim is made against you, regardless of when your services were provided.

What’s the difference between public liability insurance and professional indemnity insurance?

Both of these insurances provide protection for your business against legal action and compensation awards to third parties, but they offer different forms of protection for your business.

Public liability insurance protects your business against claims (from your customers or members of the public) for any personal injury or property damage that they suffer from (or claim to have suffered from) due to your negligence (either at your work place or another location). An example of a claim would be if someone injured themselves after slipping on some water that was on the floor of your place of business, and there was no ‘wet floor’ sign to warn people of the potential hazard.

Professional indemnity insurance protects your business against losses or damage from claims taken against you arising from any professional services or advice that you provide. Examples of claims could be:

  • Giving unprofessional, incorrect, inadequate, or inappropriate advice
  • Breaching your professional duty of care by accidental omission, or making an error
  • Acting against your customer’s instructions

What does business insurance cover?

Business insurance covers you for material damage losses that occur from an unexpected event like theft, a storm, fire, or accidental damage. You can typically get cover for damage or theft of office contents, stock, damage to buildings, cover for portable values, glass, money and machinery breakdown. If your business can’t operate due to an unexpected event, you can also get cover for financial loss—this is generally called ‘business interruption insurance’.

What isn’t covered by business insurance?

All insurance policies have exclusions to help keep premiums affordable and minimise risk for the insurer.

For business insurance, you’re generally not covered for material damage or financial loss from:

  • Deliberate acts
  • Floods unless specifically included in your policy
  • The use of a vehicle
  • Known circumstances prior to your policy starting
  • Giving negligent professional advice or services

For professional indemnity insurance, you’re generally not covered for damage or loss from:

  • Known circumstances prior to your policy starting
  • Disputes about contracts or your service fees
  • Fraud or illegal activities
  • Deliberate acts
  • Personal injury or damage unless caused by your breach of professional duty

For public liability insurance, you’re generally not covered for damage or loss:

  • To your premises
  • From injuries suffered by your employees
  • From insured events that occurred before or after your policy period
  • From giving negligent professional advice or services

The above are just some general exclusion examples and are by no means the full list of what’s not covered. It’s important that you’re aware of everything your policy doesn’t cover. Make sure you read the policy’s wording or Product Disclosure Statement first for all the details.

Do i need business insurance?

All businesses regardless of industry, size, or location face many risks on a daily basis, so it’s important that you understand your particular risks and whether you’re prepared for these risks. Being prepared means you’re able to minimise any loss or damage from exposure to these risks as much as possible, so that your business can continue to operate with little disruption. Usually, this means having some form of business insurance in place to protect your assets, customers, and your earnings.

When it comes to business insurance, the type you need will largely depend on what type of business you operate, its size, where it is, and how risk averse you are. For example, if you’re a café operator, your business insurance needs would be different to a sole tradesperson, or a business that operates from home.

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