Compare quotes for business insurance in New South Wales from a range of providers here with Savvy.
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We’ve partnered with BizCover to bring you a range of business insurance policies to help you compare them side by side.
A business can be as prepared as possible for a wide range of unexpected circumstances, but no owner can comprehensively cover themselves for all risks they may face on their own while in operation. As such, business insurance can come in handy to offer you protection in a variety of different areas which may fall under your policy’s inclusions.
With Savvy, you’ll be able to compare free online quotes from a panel of leading business insurers in one place. You’ll be able to consider their cost, inclusions, exclusions, claim limits and more before you buy. Whether you’re running a large or small business in Sydney, Newcastle, Casino or Broken Hill, you can start the process with us today.
As you may expect, business insurance is designed to offer cover to businesses against some of the risks they may face on a day-to-day or ongoing basis. This spans a wide range of insurance types, each of which can insure a different set of unexpected circumstances (subject to the terms and conditions of your agreement). These may include:
Public liability insurance
Public liability insurance can cover your business if a member of the public is injured or their property is damaged as a result of your business activity, subject to the terms and qualification criteria set by your insurer. Some insurers will enable you to set your own claim limits at $5 million, $10 million or $20 million (or even more by individual arrangement) to help cover any compensation required to be paid or legal fees associated with the case.
What it covers:
Product liability insurance
Product liability insurance may be able to offer your business protection against claims a product you supplied, whether manufactured by you or imported and sold, caused harm to a third party or damaged their property. You may also be able to set your claim limit at between $5 million and $20 million with this type of insurance.
What it covers:
Professional indemnity insurance
Professional indemnity insurance can offer cover against claims the advice you gave or service you provided was negligent, sub-standard or caused loss or harm. It may also cover circumstances such as mistakes, incorrect diagnoses, miscalculations and breach of duty. Cover can start at $250,000 and may go up to $10 million (with more potentially available with some insurers should your business require it).
What it covers:
General business insurance
General business insurance is an insurance package which can offer coverage against other risks, such as those facing your physical business premises and assets. As well as common types of insurance such as professional indemnity and public liability, you may be able to include a range of other types of coverage, including:
What it covers:
Accident and sickness insurance
Accident and sickness insurance can cover self-employed individuals who are injured or suffer an illness which prevents them from working and earning a living. You may be able to set your benefit at up to 85% of your current salary (depending on how much you earn and your insurer’s terms and conditions) for a benefit period, which is usually either one or two years, with an additional period which generally requires you to wait between seven and 28 days. You can typically select both of these periods, with longer benefit periods and shorter waiting periods tending to cost more.
What it covers:
What isn’t covered by business insurance in New South Wales?
There are several common exclusions which may apply to business insurance policies. These may include:
There are several variables insurers look to when determining the cost of your insurance, which include the following:
Perhaps the most influential factor in this calculation is your business’ industry. Different industries will present different risks, both to their assets and their customers. For example, a home business dealing in financial advice will likely be deemed a greater professional indemnity risk than a retail business, whose risk generally lies largely in other areas.
Your business’ location will also be an important factor, both within New South Wales and in the wider context of Australia. For instance, a business looking for insurance in Sydney’s CBD may pay more for cover than a small rural operation in Cowra but may pay less than a similar business in Far North Queensland due to the additional environmental factors present in that area.
There are many factors to consider when comparing your business insurance options with Savvy, including the following:
By comparing quotes with Savvy, you can find the best policy for your business among the competitive offers from our partner’s panel of lenders. Best of all, there’s no need for you to visit a business insurance broker based in New South Wales, as the whole quote process can be done online, saving time out of your busy day.
There’s a vast range of businesses operating in New South Wales, each of which faces unique risks. As such, most small, medium and large businesses may benefit from some form of insurance, including the following:
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Disclaimer:
Savvy is partnered with BizCover Pty Ltd (ABN 68 127 707 975, AFSL 501769) to provide readers with a variety of business insurance policies to compare. Savvy earns a commission from BizCover each time a customer buys a business insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via BizCover.
Savvy does not compare all business insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by BizCover or how their business works, you can read their Financial Services Guide.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
