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Insurance by industry & occupations

Businesses come in many shapes and sizes. That's why we offer cover for many industries and over 800 occupations.

Why might you consider getting business insurance?

Whether you’ve just started or have been in business for a while, things can go wrong at work. Having business insurance can help protect the business you’ve worked hard for as a sole trader or small business owner

You may be required to have business insurance for your profession or for certain contracts you take on. That’s why it’s important to consider your business’s unique needs and circumstances.

What industries does NRMA Insurance cover?

Whether you’re a carpenter, electrician, handyman or painter, you can get cover for your tools, vehicles and more.

Whether you’re an accountant, consultant or software developer, help protect your business with Public Liability cover and Professional Indemnity Insurance.

Whether you’re a hairdresser, shop owner or florist, explore tailored cover options for your retail business.

Own a restaurant, café, bakery or catering company? Get the cover you need for your hospitality business.

Whether you’re a dietitian, massage therapist or healthcare centre operator, explore a range of covers to help protect your business.

Whether you’re a cleaner, gardener or pet groomer, you can get business insurance to help protect yourself on the job.

Designed to help protect mechanics to auto electricians. Get the cover you need for your motor trade business.

Why choose NRMA Business Insurance?

We're flexible

Mix and match our policy cover options and pay your premium by the month at no extra cost 

We mean business

Speak to our Australian-based consultants specialised in business insurance

We're here to help

Contact us by phone, web chat, at a branch or via our claims helpline

FAQs

Business Insurance FAQs

What is business insurance?

Business insurance (also known as commercial insurance) is one or more types of insurance specifically designed for businesses.

Different types of insurance provide protection against different risks that businesses face. Some common types of business insurance include Public Liability Insurance and Professional Indemnity Insurance. There are also additional types of cover for things like your business premises, work tools and equipment, or to cover you in case of personal accident or illness, business interruption, theft and more.

Whether you’re a sole trader or run a small-to-medium enterprise (SME), you can get a single business insurance policy or combine multiple products to suit your business’s needs. This can help ensure you’re protected in case an unexpected event negatively impacts things like your operations, reputation and cash flow.

What are the risks of not having insurance for your business?

While your business may not be required to have insurance, without it you could face significant costs if things go wrong at work.

Liability claims can happen to businesses in any industry, which is why Public Liability Insurance is the most common type of cover taken. If you offer professional services or advice as part of your business, you may be at risk of indemnity claims, which is what Professional Indemnity Insurance is designed to cover.

For example, you could face a claim as a builder if someone is injured falling over your tools on a job site, or as a tax agent if your advice negatively affects one of your clients. If a claim is made against your business and you don’t have the appropriate type and level of insurance, you would have to pay legal fees and manage the loss of income if you’re unable to operate your business while handling the claim.

Other parts of your business may also be at risk including your business premises (like your shop, workshop or office space), tools and equipment, work vehicle and money as these can be lost, stolen or damaged and create additional costs for your business.

How does business insurance work?

Having a business insurance policy can help provide financial cover if an unexpected event creates additional costs for your business.

For example, if you have an active insurance policy with up to $10 million of Public Liability cover and a customer makes a covered claim against your business, your insurance could cover you for up to $10 million for loss or damage costs resulting from the claim.

You’ll only be covered for the events and items that are specifically included in your business insurance policy, so it’s important to choose the right type and level of cover to suit your business’s needs.

What does business insurance cover?

It can cover a range of things that are important to your business. The most common type of business insurance is Public Liability Insurance, which can cover some costs if a liability claim is made against your business.

If you'd like cover for other parts of your business like your work tools, stock, vehicle or business premises, you can add these as cover options when you build your business insurance policy.

Do I need business insurance?

Every business is different, so as a small business owner, you should think about the type of business you operate and the risks that can come with it.

Business insurance can help protect your business from a range of unexpected costs, like property damage and liability claims.

Common insurance options include Public Liability Insurance and Professional Indemnity Insurance. Public Liability Insurance helps protect you against claims of negligence, like if you own a shop and a customer trips on a fallen box and hurts themselves, or you run a bakery and a customer gets very sick after eating an unrefrigerated cake. Professional Indemnity Insurance is designed for professionals who offer services or advice as part of their business, like architects, personal trainers, tax agents and marketing consultants.

Legal bills and compensation can be very expensive and put your business’s cash flow at risk. To help protect what you’ve built, we offer different types of insurance, including Public Liability Insurance, Professional Indemnity Insurance and Farm Insurance.

I run a home business, am I covered with Public Liability Insurance?

Yes, Public Liability can protect your business against claims of negligence from clients or suppliers who visit your home. For example, if a client comes to your home for a meeting, and they trip on a loose wire and hurt themselves.

What’s the difference between Public Liability Insurance and Professional Indemnity Insurance?

Public Liability Insurance protects you in case of damage or injury caused by your staff or on your business premises. For example, if you’re a tradie working on a job site and someone trips over your tools and hurts themselves.

Professional Indemnity Insurance protects you in case of damage caused by your negligent or mistaken professional advice or services. For example, if you offer tax advice as part of your accounting practice and the information turns out to be incorrect and negatively impacts your customer.

You can get Public Liability Insurance, Professional Indemnity Insurance, or both when you get a quote.

Where can I find my business insurance certificates and documents?

There are 3 ways to get a copy of your Certificate of Currency, Certificate of Insurance or tax invoice:

  1. Check your email to see if you received your policy documents on the date of purchase.
  2. Log in to your account and read our step-by-step process on how to find your documents online.
  3. If you don’t have an account, select the chat button or call us on 132 818.

A Certificate of Currency is proof that you have an active policy.

A Certificate of Insurance shows what your policy covers, the amount covered and the period of cover.

What insurance might a small business consider getting?

If you’re a small business owner, the insurance you choose will depend on factors like your business type, size, industry and sector. 

Small businesses of all industries can benefit from having Public Liability Insurance. This is the most common type of business insurance, whether you’re a sole trader or a business owner with multiple employees. 

NRMA Business Insurance is designed with small businesses in mind, offering the flexibility to choose your level of Public Liability Insurance and add cover options for the specific things that matter most to your business. 

For example, retailers and hairdressers might want extra cover for their shop and stock, while carpenters and plumbers may want to cover their tools and work ute. 

You can build a policy to suit your small business when you get a quote.

How much does business insurance cost?

It depends on a number of factors, including the type and level of cover you choose, the type of business you run and how many staff you have.

The quickest way to get an estimate of how much it costs is to get a quote.

How do I compare business insurance policies online?

The best way to explore your business insurance options and find out how much it will cost is to get a quote. When you compare business insurance policies online, you should consider what is most important to you and your business.

This may include the level of cover you need, which cover options you’re looking for, if you need instant cover, how reputable the insurer is, how much your insurance will cost, payment options and the overall flexibility of your policy.

You can find more information about our Business Insurance in the Product Disclosure Statement (PDS) and in your Certificate of Insurance once you get your policy.