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.

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.

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.

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.