What insurance should I get for my small business?

If you’re starting a small business, side hustle or a market stall you may want to consider insurance cover that suits your business.

There’s no such thing as a one-size-fits-all business insurance solution. That’s why AAMI Small Business Insurance policies include Public Liability cover and offer a wide range of policy options for an extra premium, including cover for your assets in case of damage and lost business income due to an insured event.

What is Public Liability Insurance?

AAMI Public Liability Insurance can cover you and your employees in the event you are legally liable for personal injury or property damage to a third party. For example, if a customer slips on a wet surface while visiting your store, then it’ll cover the cost of compensation and your legal defence. Limits and exclusions apply, so please read the relevant PDS for more details.

To learn more about why you might need Public Liability Insurance, read our in-depth article.

Get a Public Liability Insurance quote

What is Market Stall Insurance?

AAMI Market Stall Insurance can cover your legal liability to pay compensation for injury or property damage to someone else in the course of you running your stall.* This is also known as Public and Products Liability Insurance.

You can find out more in our market stall insurance guide.

Get a Market Stall Insurance quote

What is AAMI Business At Home Insurance?

If you run a business from home, like a photography studio or selling hand-crafted gifts online, you can combine your AAMI Home and Contents Insurance with your AAMI Business Insurance — creating one convenient policy.

As part of your Business at Home Insurance, you can opt to cover (among other things) for an additional premium:

• the breakdown of insured equipment
• business interruption, and
• public and products liability.*

For more tips, read our insurance guide to running a business from home.

Explore Business At Home Insurance

What is Commercial Motor Insurance?

If your business relies on vehicles to operate, then you may want to consider AAMI Commercial Motor Insurance. Whether you’re using a car to visit clients or a truck to carry commercial goods, you should be able to find cover to suit your needs.

You can typically choose from three different types of coverage for commercial motor vehicles:

• Comprehensive
• Legal Liability only
• Legal Liability, Fire & Theft

With AAMI, you can also take out a Business Insurance policy that includes Commercial Motor Insurance.

Explore Commercial Motor Insurance

What is Professional Indemnity Insurance?

Generally, professional indemnity insurance could provide cover for your business against claims of negligence or negligent advice. A professional indemnity policy could also assist with costs related to legal action taken against you.

Compulsory insurance

Some types of insurance in Australia may be required.

If you have a car or multiple cars for your business, Compulsory Third Party (CTP) insurance and ACT Motor Accident Injuries (MAI Insurance) may be required. Laws covering CTP Insurance vary and depending on your state or territory, you may need to organise your own CTP insurance directly with an insurer.

Also, if you have employees, workers compensation insurance may be required.

Read more:

• How to insure your micro business
• Home Business Insurance costs
• Tools of the trade: Insurance for tradies

*Limits, conditions and exclusions apply, read the PDS for details.

Insurance is issued by AAI Limited ABN 48 005 297 807 AFSL 230859 (AAI) trading as AAMI. Read the Product Disclosure Statement before buying this insurance. Go to aami.com.au for a copy. Target Market Determination is also available.
This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.