Types of Business Insurance by Industry and Occupation

You build it, we secure it. Arrange a suitable insurance cover for your business.

Running a big or small business involves many risks, especially financial ones. Different types of business insurance designed for varied industries and occupations are here to protect your business or profession from different kinds of losses due to unforeseen circumstances that may occur.

They come in many forms and include coverages for legal liability, employee-related risks, and even property damage.

A Variety of Business Insurance Offers and Packages to Choose From

Different types of businesses or professions need different covers based on potentials risks. This can vary depending on a lot of factors including the nature of business and the environment in which the company is in. Know more about the different kinds of insurances below.

Professional Indemnity Insurance

In the event that your client is unsatisfied with your service, he or she may demand to be compensated. You need to cover legal costs and expenses resulting from unsatisfactory work.

Public Liability Insurance

This kind of liability insurance covers expenses or losses resulting from accidents, injury, damage to property, or even death, within your business property.

General Property Insurance

Renting a space for your business automatically requires you to get this type of insurance. It covers damages to your property. It can be machine or equipment damage, furniture or inventory damage due to storms, fire, or even theft.

Business Interruption Insurance

There will come a time when your business will be forced to stop its operations. This could be caused by a storm, among other things. Be ready to cover loss of income due to the inability to work because of uncontrollable circumstances.

Workers Compensation Insurance

Having this package to cover workers compensation gives your employees reassurance and security. This insurance can cover expenses for medical treatment, disability, deaths, and even funerals in cases where an employee gets injured or dies while at work.

Product Liability Insurance

If your business involves selling or using products, you should be ready for incidents that could cause harm to your clients. Product liability cover can also be used if your client has an unsatisfying experience with the product and may sue you for it.

Cyber Insurance

This type of insurance basically covers losses or replacements in the event that your company’s data is lost or stolen.

What industries and occupations are covered?

Insurance products are a need for every type of business industry or profession. It makes sure your business does not suffer heavy losses. Whether you own a big or small business, having the right business insurance policy for your line of work can help you in more ways than one.

We cover the following businesses and professionals:

  • Accountants
  • Allied Health Professionals
  • Architects
  • Bakers
  • Bookkeepers & BAS Agents
  • Butcher Shops
  • Cabinet Makers
  • Cafes
  • Carpenters
  • Car Wash and Auto Detailers
  • Civil Engineers
  • Cleaners
  • Consultants
  • Convenience Stores
  • Disability Workers
  • Dog Grooming
  • Dog Walking
  • Engineers
  • Electricians
  • Handyman
  • Finance & Mortgage Brokers
  • Furniture manufacturer
  • Gift Shops
  • Hair & Beauty Services
  • IT Professionals
  • Land Surveyors
  • Landscapers
  • Lawn Mowing Services
  • Makeup Artists
  • Manufacturing
  • Marketing
  • Martial Arts Teachers
  • Massage & Alternative Therapies
  • Migration Agents
  • Mobile Food Vans
  • Nurses
  • Painters
  • Personal Trainers
  • Pet Professionals
  • Pizza Shops
  • Plasterers
  • Plumbers
  • Professionals
  • Project Managers
  • Psychologists
  • Real Estate Agents
  • Recruitment Consultants
  • Restaurants
  • Retailers
  • Social Workers
  • Tax Agents
  • Tradesmen
  • Tutors
  • Yoga Teachers

Secure a Customisable Insurance for Your Business

With our network of insurance brokers in Australia, Sparrow Insurance can arrange a business insurance specific to your industry. We can offer you suitable insurance options that fit your needs and requirements.

As we guide you with the customisable insurance products, we’ll be there to help you every step of the way.

  • Step 1: Browse our website to know more about our insurance products.
  • Step 2: Call us or fill out the contact form from our website. Our agents will get in touch right away.
  • Step 3: Get a quote. We’ll be ready to set up your business insurance policies.

FAQs

How do I choose the right package?

This would differ for each type of business. Know the nature of your business and the risks involved. You may then get insights from Sparrow Insurance to help you create a package that is ideal for your business.

What cover do I need for a small business?

For a small business, you may need these types of insurance covers: product and public liability, general property, and professional indemnity insurances. You may also go for a BOP policy that covers major risks in one package. Depending on your type of business, you may need other types of small business insurance such as workers compensation, car insurance, travel insurance, and contents insurance.

Does my homeowners' insurance cover my home-based business?

No. Some owners often mistake this as homeowners’ insurance but it does not cover any damage or expenses related to your business. You may choose general property or office covers for this.