Business Insurances for Australian Businesses
Foresight Insurance Broking can help provide business insurance quotes no matter your industry. With access to Australia’s leading underwriting agencies and insurers, you’ll know your business insurance is in safe hands.
Business Insurance comes in many forms; from fire, theft and glass, to things like electronic equipment and business interruption. Like books in a library, each type of insurance has its place and its purpose. Lets jump into the main types of business insurance:
Generally a business will insure for property damage, fire, theft, glass and public liability, however there may be other aspects to consider depending on your type of business.
- Public & Products Liability
- Business Property
- Theft
- Glass
- Money
- General Property
- Business Interruption
- Machinery Breakdown
- Cyber Insurance
For more information, check out business.gov.au’s page on different types of business insurance: https://business.gov.au/risk-management/insurance/business-insurance
What Do These Types of Business Insurance Generally Cover?
Public & Products Liability: This can cover you for 3rd party property damage or injury that your business may be negligent for.
Business Property: This can cover your physical business property, contents and stock from damage, and can also cover for events such as fire, natural disasters and floods.
Theft: This can cover your contents and stock in the event of a theft from your premises. No one likes a burglar!
Glass: Glass cover can extend from internal and external glass replacement, to signage and sometimes even illuminated signs!
Money: Concerned about money in the till and/or safe? This can cover money up to amounts that you specify in the event of a loss.
General Property: This can cover your portable goods such as a phone or tablet, laptops, tools etc… The list goes on!
Business Interruption: This can cover your loss of income and additional operating expenses in the event of a mishap such as a building fire.
Machinery Breakdown: This can cover the cost to repair or replace machinery/equipment at your place of business
Cyber Insurance: A completely underrated and overlooked cover in todays day and age. Cyber insurance can cover data breach responses in the event your computer systems are hacked, and can sometimes even cover ransom!
Get Insured Today
Business insurance is an extremely important asset in any industry. Whether you’re a builder, own a café or hotel, remember that business insurance is your safety net. It ensures that while you’re busy running things, you’re covered for unexpected mishaps. So get in touch, get your business insurance quotes and let us take care of it!
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