Insurance for starting a small business

Turning your business idea into a commercial reality is both exciting and stressful. If you want your dream to take shape and not fall down in a heap at the first setback, you need to have all bases covered from the start. Think of it as a hurdles race at the Olympics.

After you've cleared the early hurdles – choosing and registering a business name, setting up a bank account, ensuring your idea is competitive, securing the right venue, finding the right business partners – what else do you need to do?

Taking out small business insurance is an aspect that start-ups often overlook, but there are several compelling reasons why it’s important for a new business to consider insurance right from the start:

  • Company premises should be covered against fire and property damage, otherwise you could be out of business immediately if an event occurs.

  • Income protection can also help provide valuable financial support by covering part of your monthly remuneration or share of business income while you can't work due to sickness or injury. 

  • Life insurance can pay a lump sum of money to you or your family if you become terminally ill or pass away, helping to protect your family’s finances. 

  • AAMI's "Back in Business" option can cover your gross profit, or a reduction in business revenue caused by damage to your property or other loss.

  • Public liability insurance can protect you against the costs of being sued for personal injury or property damage caused by you, your staff or your business activities.

Don't stick your head in the sand when it comes to business insurance. It's something you should think about even before you open your doors. Choosing not to be prepared is risky business. 

You can get an anonymous quote online in just a few minutes. We also have a team of specialised business insurance representatives available on 13 22 44 (8.30am – 6pm AEDT on business days).



Insurance is issued by AAI Limited ABN 48 005 297 807 AFSL 230859 (AAI) trading as AAMI. Read the relevant Product Disclosure Statement before buying this insurance. 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.