Small Business Insurance for Australian Businesses

Building a personal business from the ground up is not easy. But mistakes are inevitable. Make sure that your business stands on a solid foundation. One way to ensure that is by investing in business insurance coverage.

Whether your business is a start-up company or a booming one, you should always prepare for any financial situation or needs that could arise unexpectedly.

A small business insurance can go a long way to protect what you’ve built.

Types of Insurance for Small Businesses

Obtaining business insurance is a step that you should never skip when you own a business. Not only will it protect you from legal consequences but will also cover financial issues and other liabilities. Insurance for business may come in neat packages that can be tailored to any kind of small business.

Sparrow Insurance can arrange suitable business insurance policies that can cover and protect your specific needs. Generally, these are the standard insurances.

Type of insurance for your package can include:

If you own a salon in Australia, you should give yourself, your employees, and your customers the peace of mind that you all deserve.

is designed to protect your business from claims arising whilst you’re providing professional advice or services. Professional indemnity insurance can also assist you with the legal defence, compensation, and settlement costs associated with the claims.

As a Business Owner, you are liable for any third-party injury or damage arising from conducting your business. Public liability may cover incidents like slips and falls.

Part of running and operating a business is to sell or supply products. Product liability insurance protects you from any personal injury or damage caused by your goods.

Additional Business Insurance Options

Other business insurance products for small businesses are not only related to practice but to business operations as well. Get covered by other business insurance policies on top of the above-mentioned policies. These policies below are a recommendation only and are subject to a review of your specific requirements.

Management Liability

is specifically for private companies and covers claims of wrongful management, employment practices breaches (wrongful dismissal or discrimination actions), crime (theft by employees or third parties), tax audit, and statutory fines and penalties.

Business Insurance

This insurance cover protects your business, covering equipment and property damage from accidents, losses due to theft, fire, glass but not limited to. You may also want to consider Business Interruption, for the potential loss of income, under certain sections of the business policy.

Tax Audit Insurance

Whether you run a small or large business or work as a contractor, this insurance policy will cover your small business for tax auditing by the ATO.

Cyber Insurance

If you maintain a website or a digital record of your customers’ personal information, especially online, you are at risk of a data breach. This insurance policy covers you from data theft.

Workers’ compensation is a mandatory requirement for all businesses to cover their staff and contractors in the event of an accident

Personal Accident and Illness Insurance

This business insurance cover is for every individual, business owner or contractor, as accidents and sickness do happen to business owners and contractors. This may assist your business to enable you to employ staff to cover you, the business owner, while you are unable to work.

Businesses Covered by Sparrow Insurance

Sparrow Insurance understands the needs and risks in operating a small business. That is why we take into consideration your type of business, objectives, financial situation, and other requirements.

Whatever small business you may have, from beauty salons, importing products, manufacturing to bookkeeping, we can assist you with arranging suitable business insurance policies to cover your needs.

Sparrow Insurance Is Here to Assist You

Setting up your own business can be a tough process. There are a lot of risks, effort, and most of all financial investment involved. This is why, no matter how small you think your business is, you need to be prepared to keep it standing not only in such a competitive world but also in an unpredictable one.


How much is small business insurance in Australia?

The cost of insurance for businesses depends on the level of cover you need. Your business type, size of your business are some of the factors that affect the cost of your insurance.

Do I need to have workers compensation insurance?

For any small businesses where you employ workers under your care, workers compensation is mandatory in Australia. There are, however, varied rules and regulations across states and territories.

What are the standard features of this insurance type?

This insurance comes with standard policies like Public and Product Liability. We can help you customise your package, which will depend on the type of business you have. A mobile or home salon will have varying policies from one that is stationary in a commercial place. Get in touch with us for a full product disclosure statement.

Is there a fee for additional coverage?

Extras in insurance cover come with additional fees.