Business Insurance Services | Commercial Insurance Australia | AIB (2024)

Indigenous (First Nations)

AIB is recognised as the leading provider of insurance to Aboriginal and Torres Strait Islander communities and organisations. As one of Australia's leading independent insurance brokers, we have developed a specific Indigenous Insurance package for your organisation available Australia wide.Our team have been arranging tailored insurance products for Indigenous communities, organisations and businesses since AIB was established in 1982 in Alice Springs.

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Tourism

Running a business in the tourism industry presents a unique set of risks. Obtaining the right Tour Operator Insurance will give you the peace of mind that your company is well protected from financial risks and liability claims. That’s why it’s important to get the advice of industry experts. AIB are leaders in providing insurance for tour operators and tour guides, having developed specific Tour Company Insurance packages for some of Australia’s most well-known attractions for over 40 years.

Childcare

Childcare and early learning centres are some of the most lively and unpredictable environments and present a unique set of risks. Having the right Childcare Insurance package can give you the peace of mind that you’re well protected should things go wrong. With so many potential hazards, it's vital to work with an insurer who understands your industry. AIB has been providing specialist insurance for childcare businesses in Australia, as well as other brokers of family day care and early learning insurance, for over 40 years.

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Construction

If you are working in the construction industry there are plenty of things that can go wrong so managing your risks will be a priority. That’s why having adequate cover with Contract Works Insurance is an important part of your business toolkit, allowing you to get on with the job with less stress and worry. Working with specialists in insurance for the construction industry can provide an added layer of confidence. AIB can help you find comprehensive coverage designed specifically for builders, tradesmen and subcontractors across Australia.

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Small Business

Business insurance is important for all businesses but it is small and medium businesses that have the most to lose by not having adequate insurance protection. While larger businesses may be able to absorb losses, the risks for smaller businesses are much more significant. That’s why AIB has developed flexible small business insurance packages so that you can run your business with confidence, knowing that their premises, stock and equipment are protected by insurance.

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Transport

Transport and logistics businesses face a broad range of risks depending on the area of operations they specialise in. Whether you operate a large national fleet or are an owner-driver, and whether you store goods or only transport them, you should have a range of insurance covers to protect your workers, safety and commercial risks. AIB has specialist Transport, Logistics and Transit insurance experts who can help you find comprehensive coverage tailored specifically for your business.

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Insurance For Tradies

Tradies face a number of unique risks whether it’s the hazardous environment of a building site or visiting a customer’s property. There’s a lot that can go wrong and having the right insurance cover can protect you from both financial loss and liability. At AIB, we understand that your trade isn't just a job—it's your livelihood. That's why we've tailored our Trades Insurance policies to offer comprehensive coverage that meets the unique needs of tradesmen and subcontractors across Australia.

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Retail

Operating a business in the retail industry brings its own unique set of risks. From unforeseen events like natural disasters and accidents to the complexities of daily operations, your business needs protection that is as dynamic and reliable as you are. This is where Retail Insurance comes in, offering comprehensive coverage designed specifically for the retail sector. AIB Insurance Brokers are Retail Insurance specialists and we can help you safeguard your hard work, protecting every aspect of your business.

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Strata

Owning an apartment, townhouse, or commercial property comes with its unique set of challenges, especially when these properties share common spaces with others. At AIB Insurance Brokers, we understand the complexities and risks involved in managing strata properties. That's why we can help you find Strata Insurance solutions that provide comprehensive protection and meet the specific needs of property owners like you.

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Business Insurance Services | Commercial Insurance Australia | AIB (2024)

FAQs

What is commercial insurance Australia? ›

Commercial property and building insurance is cover designed to protect against risk for your business property, plant, equipment and more, should damage or a disaster occur.

What three insurances are businesses required to have by law in Australia? ›

Compulsory insurance
  • Workers' compensation insurance is compulsory if you have employees.
  • Third party personal injury insurance is compulsory if you own a motor vehicle. ...
  • Public liability insurance covers you for third party death or injury, and is compulsory for certain types of companies.
Jan 18, 2024

What is business services insurance? ›

Business insurance protects you from the unexpected costs of running a business. Accidents, natural disasters, and lawsuits could run you out of business.

Is commercial insurance difficult? ›

Commercial insurance by its very nature is complex. However, it is possible with the assistance of a competent licensed broker-agent to steer clear of the pitfalls and make good decisions when purchasing insurance for your business.

What is covered under commercial insurance? ›

Commercial insurance refers to insurance coverage intended for businesses instead of individuals. Commercial insurance is also called business insurance. Business insurance covers losses related to unexpected events like lawsuits, accidents, or natural disasters, among others.

Is commercial insurance different than regular insurance? ›

Commercial auto insurance coverage typically provides for higher policy limits than personal auto. The point here is to safeguard your business assets from lawsuits and other liabilities.

What are the most common types of commercial insurance? ›

The most common types of commercial insurance are property, liability and workers' compensation. In general, property insurance covers damages to your business property; liability insurance covers damages to third parties; and workers' compensation insurance covers on-the-job injuries to your employees.

What are the top 3 types of insurance? ›

We begin with an overview of the types of insurance, from both a consumer and a business perspective. Then we examine in greater detail the three most important types of insurance: property, liability, and life.

What is a business plan in insurance? ›

An insurance agency business plan is a plan to start and/or grow your insurance business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

Why is commercial insurance so expensive? ›

The continued impact of catastrophic events is a major factor driving up costs, along with the increasing cost of capital, financial market volatility and inflation. This is an expense carriers need to pass along to customers.

What is the basic business model of commercial insurance? ›

The essential insurance model involves pooling risk from individual payers and redistributing it across a larger portfolio. Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets.

What makes an insurance commercial? ›

Commercial health insurance, also called private health insurance, is coverage issued by a private company or entity. It is not from government-issued insurance like Medicare or Medicaid. Commercial health insurance companies include: Aetna.

What does commercial use mean in insurance? ›

You will need commercial car insurance if you use a vehicle for business purposes. Commercial car insurance covers a variety of vehicles, such as delivery trucks, work vans, dump trucks, food trucks, and company cars. Both liability and collision coverage can be purchased for commercial vehicles.

What insurance do I need for Australia? ›

If you're planning on visiting Australia, travel insurance will cover you for things like medical care, trip cancellation and lost luggage. You'll need worldwide travel insurance (excluding USA) for your trip to Australia.

How much does business insurance cost in Australia? ›

Average Cost per Business Insurance Policy
Type of policyAverage monthly costAverage annual cost
Cyber liability insurance$123.75$1,485
Business interruption insurance$40$480
Workers compensation$70$840
Total average cost:$340.75$4,090
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