What type of insurance are you looking for?

Brokers & Brokerages

Insurance Categories

Insurance Industries

Articles
Business Insurance > Small Business Insurance

Small Business Insurance

Small Business Insurance

Small Business Insurance - Sometimes called a business pack. Is Insurance tailored to small businesses. Protect what you work so hard to keep running. Talk with an Insurance Broker about insurance for your small business.

Drop us a message

Find the right solution

Drop us a message

Find the right solution

Drop us a message

Find the right solution

Drop us a message

Find the right solution

Drop us a message

Find the right solution

Drop us a message

Find the right solution

Small Business Insurance Brokerages

Drop us a message

Find the right solution

Drop us a message

Find the right solution

Avatar Brokers

The principal goal of Avatar is...

Drop us a message

Find the right solution

Small Business Insurance

What is Small Business Insurance in insurance designed to cover Small businesses? Sometimes Small Business Insurance may be called a business pack. 

Small business insurance may package or bundle together a few different types of broad insurance coverage into one package. A Business Pack may be more cost-effective and more efficient than a small business buying multiple different policies.  In short, an SME business pack can enable a small business to get insurance coverage for most of their business needs in one package.

Small business insurance may include coverage for:

  • Business interruption insurance
  • Professional Indemnity
  • Public Liability Insurance
  • Asset Protection: For motor vehicles, your operating premise, the goods that you store. 
  • Cyber Insurance - although it can be worth considering a specialist Cyber Insurance policy to better align with your requirements. 

 

Small Business Insurance may include coverage for the following insurance areas:

  • Business interruption insurance
  • Professional Indemnity
  • Public Liability Insurance
  • Asset Protection: For motor vehicles, your operating premise, the goods that you store. 
  • Cyber Insurance - although it can be worth considering a specialist Cyber Insurance policy to better align with your requirements. 

 

Depending on your coverage requirements for your small business. It is worth considering your legal requirements for operating and the risks that are specific to your business. To better understand what risks you might face and what insurance policies may help to provide coverage, please consider engaging an Insurance Broker. 

Small business insurance costs vary depending on a few key variables:

  • Level of cover being sought.
  • Type, size and nature of the business that is looking for small business insurance cover.
  • Claims history for the business.
  • Inclusions and exclusions on the policy being sought.
  • Industry trends for the sector and location of the business

What is key to remember is that the cost of Small Business Insurance is often a function of the coverage being provided, so cheaper Small Business Insurance may not always offer the same levels of coverage as more expensive alternatives. You want to consider your coverage requirements first, and then seek to find and determine the costs associated.

Using an Insurance Broker for your Small Business insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Small Business insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer.

So whether it's property damage or personal injury, accidental damage to, or theft of business property, your business vehicles or management liability claims, your Insurance Broker can assist your small business to be covered.

Customers

Insurance Brokers work for the customer and are independent of the insurers that they engage with on behalf of their clients. Insurance Brokers work for their customers and have their customers' best interests at heart. Insurance Brokers do not work for the insurer. Insurance Brokers help their clients to find and source available insurance that matches their needs and requirements.

Asking for recommendations from others in your industry or area is a good place to start in looking for an insurance broker. You can search for that insurance broker on Advisr by name.

You can also search for an insurance broker by the type of insurance you need (insurance category), by your industry or by location depending on what is most critical to you. You can learn more about what a broker is like to work with by reading customer reviews left on Advisr. Educating yourself and reading articles by insurance brokers that explain different insurance lines, or dissect exposure to risk in different industries also helps you to find and select an insurance broker that understands your business or personal risk. We have hundreds of articles on Advisr to help you understand your insurance needs and find an insurance broker right for you.

Insurance brokers operate on behalf of their customers. Insurance brokers understand both the potential risks that an individual or business may face and also the various insurance policy options and insurance providers that exist across the market.

Insurance brokers can help customers with hard to place risks to find an insurance provider that can meet their needs.