Business Insurance by Industry

Whether you’re managing your own finance company or running that café you dreamed of opening, we understand how important it is to protect your business. You pour in a lot of hard work and dedication, but just one mistake or accident could put your livelihood in jeopardy.

This is where business insurance comes in handy. It shields owners from risk, whether it’s property damage, legal liability for a customer’s injury, or the complete halt to operations due to a natural disaster.

For most businesses, cover is going to differ from one industry to the next. So, let’s look at the types of industries and professions that usually require some level of business insurance.

Finance

Mistakes can happen to anyone, but when your profession deals with the financial well-being of clients, you’ll need adequate protection if you make or are accused of an error.

Accounting
Finance and mortgage brokers

accountant talking to married clients

Health

Your profession requires you to assist people when it comes to their health, but if your services or advice leads to a negative outcome, insurance can help cover legal costs.

physiotherapist working with female client

Building and construction

A number of risks can occur on a construction site or if your job focuses on repairs. While you hopefully never need to use it, insurance could offer financial protection when you need it the most.

plumber fixing a sink

Retail and food

Whether you specialise in selling particular products or offer food to the public, you want to protect yourself if a claim is made against your business or if you make an error that harms your customers.

Retail workers looking at computer

Other businesses

While every business is unique and may require different types of insurance, cover is still something you’ll need to think about if you’re offering services or advice to the public.

hairdressing curling client hair with a straightener

Which type of business insurance do I need?

Depending on your profession, you may require multiple types of insurance to protect yourself adequately. The main types of insurance you might need to consider for your business include:

public liability insurance. If a customer or member of the public becomes injured or has their property damaged as a result of your business’ operations, this insurance could come in handy;
professional indemnity insurance. In the event that your business provides wrong information or services to a client, this insurance would cover your legal bills;
management liability insurance. Say your senior management team acted in a way that was detrimental to your company – management liability insurance could ensure your company’s finances weren’t affected;
cyber security insurance. With more businesses relying on the internet to manage day-to-day tasks, this insurance covers you financially if you’re the victim of hacking or data breaches; and
statutory liability. This could help individuals and the company cover defence costs incurred from fines, penalties or formal investigations resulting from the company’s operations. For example, this may help with issues that arise from workers compensation.

Let us help you find insurance for your business

We know how important it is to protect your business, which is why we offer various types of business insurance options for a range of industries.

Our business insurance tool allows you to input your occupation and business information to find relevant insurance products on offer from our providers. The best part is this service is free to use and you’ll have results within minutes.

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