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Business insurance is a broad term for insurance products designed to help businesses manage specified financial risks. Different policies cover different exposures, such as third-party liability, professional services, business assets, cyber incidents and management risks.

No. Insurance needs depend on factors such as your occupation, services, business structure, employees, assets, contracts and regulatory requirements.

Public Liability insurance is designed to help cover compensation costs and legal fees if your negligent business activities cause injury to a member of the public or damage to third-party property, subject to the policy terms.

Professional Indemnity insurance is designed for businesses that provide professional services or advice. It can respond to covered claims involving alleged or actual negligence and associated defence costs.

Broadly, Public Liability focuses on third-party injury or property damage arising from negligent business activities, while Professional Indemnity focuses on claims arising from professional services or advice. Some businesses may need both.

Cyber Liability insurance is designed to help manage certain costs and liabilities arising from covered cyber events, such as data breaches and cyberattacks. The exact protection depends on the policy.

Yes. Depending on their occupation and circumstances, sole traders may consider covers such as Public Liability, Professional Indemnity, Business Insurance or Personal Accident & Illness.

Yes. Contractors may have insurance requirements under contracts or for particular worksites. The appropriate cover depends on the work performed and contractual requirements.

There is no single amount suitable for every business. Consider contractual or regulatory requirements, the scale of your operations, potential claim sizes, assets, turnover and other business risks.

Premiums can be influenced by the type of business, occupation, turnover, number of employees, cover selected, limits, claims history and other underwriting factors.

Yes. Policy Direct provides an online pathway to BizCover. You can enter your occupation and business details to see the cover and quote options available through their platform.

No. Policy Direct provides a pathway to the BizCover quote process. Insurance products available through that process are subject to the relevant insurer's eligibility criteria, terms, conditions, exclusions and policy documents.