This page has moved to: Small Business Insurance NSW.
Sydney Cafe Insurance
This page has moved to: Sydney Cafe Insurance.
NSW Insurance Providers
As a business owner you are free to insure your business with whoever you choose.
But if you’d prefer to insure with a company that is headquartered here in New South Wales, the list does shrink slightly.
Thankfully there are plenty of big and reputable insurers based in NSW however, and in this guide we’ll run through some of the major firms offering public liability and other forms of business insurance.
Allianz
Allianz are headquartered in their home country of Germany, but here in Australia their head office is located on Market Street in Sydney.
The global insurer has been operating in Australia for many years and employs thousands of locals both in Sydney and in other offices around the country.
Allianz offers a range of business insurance products including public liability, general property and business interruption to name a few.
QBE
QBE is one of Australia’s largest insurance companies, and their head office is located on Pitt Street in the heart of Sydney.
They offer a full range of insurance products for both domestic and commercial uses.
Zurich
As is the case with Allianz, Zurich are another insurer which is based overseas but have their Australian head office in Sydney.
Zurich have operated in Australia since 1961 and their head office is on Blue Street in North Sydney.
Zurich are one of the few insurers operating locally who can offer both general insurance products (such as public liability) and life insurance products (such as income protection and term life insurance).
Others
There are other smaller insurance companies headquartered in Sydney, but the above list is all about the major insurers.
There are other major insurance companies based in Sydney such as AMP and OnePath, however these are life insurance companies and do not offer business cover such as public liability.
If you would prefer to deal with a NSW based insurer, simply let your broker know and they will be happy to assist with your request.
Public Liability Insurance Sydney
For businesses located in Sydney and elsewhere in NSW, public liability insurance is one of the most important ways of protecting themselves.
Almost all Sydney businesses can benefit from the protection that public liability provides. It covers a range of risks and can reduce the financial impact of such risks on businesses and their owners.
There are many different insurance types which businesses and self-employed people can benefit from, and public liability is certainly one of the most common.
Public Liability Explained
Public liability is a special form of business insurance which covers the financial costs that arise from certain events which you are legally liable for.
If your business causes property damage or personal injury to another person such as client or member of the public, ordinarily you would be liable for their financial loss or damage.
With the right public liability insurance policy in place, your insurance company will cover the costs instead of having to meet those costs out of your own profits.
Not all events are covered by public liability insurance and there are some important exclusions, however many of the risks that Sydney businesses face each day will be covered.
Public Liability Cost in Sydney
The cost of public liability insurance in Sydney will vary for each business based on a range of factors.
The biggest factors in the cost of public liability include the type of work which is undertaken by the business, and the size of the business in terms of revenue and staffing numbers.
Other factors influencing the cost include the areas you work in, especially for higher risk areas such as airports, railway stations and anything to do with mining.
Generally a business will pay no more or less for their insurance just because they are based in Sydney, however some insurers do vary their premiums based on the geographical location of the business.
Quotes for Public Liability
There are dozens of insurance brokers located in Sydney who can assist you with a public liability insurance quote, however it also possible to use brokers from elsewhere in NSW and even interstate.
If you do choose to use an interstate insurance broker, it is important to ensure they are familiar with any special requirements for NSW businesses.
When comparing quotes on public liability insurance it is always important to compare the features and benefits of each, as not all policies are the same.
For more information on this important form of cover please speak with your local Sydney insurance broker.