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Business Insurance

Business Insurance

No matter what the size of a business may be, it is always advisable to have insurance coverage. No business is immune to unforeseen calamities and losses. In Australia, the business insurance sector is quite well-developed and it is quite easy to get business insurance.

Business Insurance Quotes

Getting a business insurance quote is the easiest thing to do. The advantage of getting a quote is getting an insight into what the benefits will be and the cost of premiums. With a number of quotes in hand, it is possible to get a good business insurance policy at a reasonable rate.

Types of Business Insurance Policies

Here are a few of the commonest business insurance policies in Australia:

  • Aviation Insurance
  • Farm Insurance
  • Property Insurance
  • Builders Warranty
  • Commercial Packages
  • CTP Business Insurance
  • Engineering
  • Marine Insurance
  • Accident & Health
  • Transport Operators Policy
  • Surety and bonds
  • Commercial Motor
  • Liability Insurance
  • Professional Liability Insurance
  • Trade Credit Insurance

Business Insurance Companies

A few of the most popular business insurers in Australia are given below:

  • Allianz
  • Vero Insurance
  • AAMI
  • Allianz Australia
  • AM Corporation
  • AMP Australia
  • AXA Australia
  • CGU Insurance
  • Gerling Global Group MLC
  • National Mutual
  • Norwich Union Australia
  • NRMA
  • Prudential Surety I.T. Insurance
  • QBE Insurance Group
  • GIO Australia
  • ING

Names of more business insurance companies can be found on the internet or various editions of Yellow Pages.

Business Insurance Claim

Although making a claim is not a very complicated procedure, it is important to have some knowledge of how to make a claim. This may vary from one insurance company to another. It is also vital to be aware of the documents that should be submitted. Finally, one should know where the claims forms can be accessed as these must be submitted along with the documents while filing the claim.

Business Insurance Reviews

Reviews tell us about how a particular company is performing. Reviews are often biased, so it would be wise to ensure the genuineness of comments about an insurance company on the internet.

Cost of Business Insurance in Australia

Business insurance in Australia can cost a few hundred dollars to AUD $100,000 a year or more depending on the size of the business, type and classes of coverage. Many businesses reduce the cost of premiums by reducing or eliminating certain risks.

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