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Insurance
Insurance is an essential part of running any business. If you are operating a small business you need more than just property insurance. Taking out the right insurance will help protect your business and minimise its exposure to risk.

Your insurance requirements will vary according to the type of business you are operating, but you should be aware that some forms of insurance are compulsory, such as workers’ compensation and third party car insurance.

When you’re in business you deal with a variety of potential risks each day. Risk is not something you can avoid, but it is something you can manage. Risk management will increase the probability of success and reduce the probability of failure of your business.

See the topics below for information about insurance and risk management.


Types of insurance
Before choosing an insurance policy you will need to evaluate your business's insurance needs. Your insurance requirements vary considerably depending on the type of business you operate.
Assets & revenue insurance
There are many types of insurance available to protect your assets and revenue-generating capacity.
People insurance
There are different types of insurance you need to adequately insure yourself and your employees.
Liability insurance
There are different types of liability insurance you may need to consider to adequately insure your business.
Insurance for home-based business
If you are operating your business from home, then your existing home and contents insurance may not cover your business activities, or your clients when they visit your business.
Risk management
Risks to your business can arise for many reasons. Managing those risks is an important part of running your business.
 
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