Liability Insurance For Consulting Business

Liability Insurance For Consulting Business

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Insurance for Consultants

... not to mention the potential irreparable damage it can cause to your business' reputation. Cyber Liability insurance is designed to protect your business against the costs and legal expenses if your network is hacked and ...

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What is Public Liability Insurance?

... Liability cover, your insurance company will provide much needed funds to cover your legal costs and any compensation claims, leaving your business ... Cheers. Simon L. Engineering Consulting Service Just keep doing what you ...

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What does Public Liability Insurance Cover?

... need Public Liability insurance? Public Liability insurance is designed to protect businesses from the ... made it super easy! Andrei C. IT / Computer Consulting Service Awesome working with Jennie Hamlett. Thank you for ...

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Do I need Public Liability Insurance?

... as compensation and legal fees. Without having Public Liability insurance , your business is at risk of having to pay in ... you for following up and getting this sorted. Other brokers could not. Jeremy G. Consulting Service

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Business Insurance

... business and the level of cover, there may be some situations where certain types and levels of cover are mandatory. For example Public Liability or Professional Liability insurances ... ) / Computer Consulting Service I had ...

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Insurance for Recruitment Consultants

... as a result of your negligent business activities. A Public Liability claim can happen in the ... Professional Indemnity insurance. https://www.bizcover.co.nz/what-does-professional-indemnity-insurance-cover-business/ Take ...

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Insurance for IT Professionals

... business' reputation. Cyber Liability insurance is a type of business insurance product which protects your IT business ... Mike D. Information Technology (IT) / Computer Consulting Service Website is very good. Easy to use. ...

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Business Insurance FAQs

... . Delia W. Management Consulting Service Loving the efficient way to renew business Natalie B. Massage Therapy Service I love how easy it is to do covers on bizcover compared to other insurance companies. Gwen S. Painter ...

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Insurance for Education Consultants

... hard yards to become an educational professional and build your business, it makes sense that you have the right safeguards in ... when protecting your education consulting business. Cyber Liability insurance* Your role as an ...

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What are the Risks in Running a Yoga Studio?

... expose yoga studio operators to risk and where business insurance could help protect against the risks involved in being a yoga teacher who runs their own yoga studio as a small business owner. Public liability incidents ...

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How to Open a Yoga Studio

... their own yoga studio in New Zealand can enjoy peace of mind by reducing the risks to their business via business insurance such as yoga insurance. And a great way to do that is with insurance for yoga teachers * . ...

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What does Public Liability Insurance Cover?

... need Public Liability insurance? Public Liability insurance is designed to protect businesses from the ... is not covered by the ACC For some businesses, Public Liability insurance may be a requirement. For example for some ...

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How much does Public Liability Insurance cost?

... calculating the cost of your Public Liability insurance. Businesses that are considered to have a ... Liability cover which offer much more competitive premiums. It is also important to note that each insurance company ...

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Employers Liability Insurance

... Liability insurance. New Zealand's number one online insurance company We take pride in the 10,000 small businesses ... how to get in touch with one of our business insurance professionals. You can also access quick links to ...

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Cyber Liability Insurance

... Liability Insurance? Cyber liability insurance is a type of business insurance which protects your business ... data or network security breach against your company Almost every business is dependent on their data to operate ...

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Statutory Liability Insurance

... what’s not? Statutory Liability Insurance For Your Business New Zealand businesses are facing increased exposure ... between Statutory Liability insurance and Public Liability insurance? Public Liability insurance is intended ...

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Public Liability Insurance

... line of work could be costly. Public Liability Insurance allows you to cover yourself if, and when ... Liability insurance. New Zealand's number one online insurance company We take more pride in the 10,000 small businesses ...

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Understanding Employers Liability Insurance

... types of insurances available to cover aspects of your business, Employers Liability insurance* is one ... business insurance, with each and every business exposed to its own unique risks. At Public Liability Insurance ...

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Public Liability Insurance Explained

... by the court. With the right Public Liability cover, your insurance company will provide much needed funds to cover your legal costs and any compensation claims, leaving your business free of financial risk. Phew! Most ...

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Cyber Liability Insurance Explained

... Liability insurance typically cover? Cyber liability insurance is a type of business insurance which protects your business ... breach against your company Why do I need to consider Cyber Liability insurance? A common ...

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Tradie Guide to Public Liability Insurance

... to reduce your risk via business insurance may make good business sense if you intend to operate your trade company for the long-term. Mistakes can happen, but Public Liability insurance can reduce their impact on ...

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What Insurance Policies do Yoga Studios Need?

... against risks unique to yoga studios and ones that are part of running any business. Why do yoga studios need insurance? There are many reasons why yoga teachers and studio owners buy business insurance. Here are a few ...

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Business Tips for Yoga Studios

... do that is to invest in business insurance such as insurance for yoga teachers *. BizCover works with yoga instructors throughout New Zealand to help them secure their yoga insurance quickly and easily, without the drama ...

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Marketing Tips for Yoga Instructors

... do that is to invest in business insurance such as insurance for yoga teachers *. BizCover works with yoga instructors throughout New Zealand to help them secure their yoga insurance quickly and easily, without the drama ...

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Insurance for Yoga Teachers

... yoga studio, you may be required to have Public Liability* coverage and show proof of insurance when you sign a lease. What Insurance do Yoga Teachers need? Insurance can help yoga teachers keep their businesses strong ...

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Insurance Options for Retailers

... risk for things to go wrong. Having the appropriate retailers insurance in place to protect your retail store is a smart ... the daily tasks of running your business. Cyber Liability insurance is designed to help protect your ...

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It's Time for an Insurance Health Check!

... levels of cover? For example, if your business is growing and your level of exposure increases you may need to consider increasing the level of public liability insurance that you hold. Are there statutory requirements ...

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Help Protect your small business' reputation

... alone (1). . If your business were to be the victim of a cyber attack, Cyber Liability insurance is there to help by ... . https://blogs.business.microsoft.com/en-nz/2017/02/27/cyber-crime-on-the-rise-in-nz/ This is ...

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How Cyber Insurance Protects Small Businesses

... Liability insurance is designed to protect you below. Cyber liability insurance is a type of business insurance which protects your business ... your company Who needs Cyber Liability insurance*? Cyber Liability insurance is ...

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Preparing your store for the holiday season ahead

... payment for compensation and legal expenses. Ensure your Public Liability insurance policy has adequate cover to protect you and your business against a public liability claim. Reduce shoplifting The busier your store is ...

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Understanding the risks for Real Estate Agents

... is important that you have the right level of business insurance in place as part of your overall risk management ... may want to consider protecting your business with Cyber Liability insurance to protect you against the ...

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Cyber Insurance - Is it worth it?

... or actions of an employee with a grudge, you may not be coveredby your Business Interruption policy.This is where Cyber Liability insurance provides cover. Cybercrime is a real threat. Make sure you have the right cover ...

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Insurance for Shop Owners

... Public Liability Insurance gives you peace of mind, protecting you and your business against ... cover and the amount you need will depend on the nature of your business and the various risks it faces - a tradesman or a tax ...

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Insurance For Cafes and Restaurants

... level of cover Your claims history Location of your business Do I need Product Liability insurance? Product Liability insurance is often included in your Public Liability insurance policy, but it is always a wise move to ...

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What is Business Insurance

... cover Claims history What's the difference between Business Insurance cover and Public Liability insurance? The different kinds of coverage options that Business Insurance offers are designed to protect things like your ...

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Do I need Business Insurance

... their business and how business insurance can help your business. Public Liability insurance: ... Service Hi, Just a question I am a Event production company but the only section was Event Management on your form. Is ...

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Insurance for Mortgage Brokers

... out insurance Public Liability Public liability insurance helps protect your business against claims ... and confidence in your company. Cyber liability helps you safeguard your business against data breaches, computer ...

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Insurance for Immigration Advisers

... / property damage Protect your business today. Public Liability insurance* A main part of your ... like to find out more about all things business insurance and small business-related topics check out our blog, full of ...

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Insurance for Bookkeepers

... therefore we made it easy for you to arrange your business insurance - just a few clicks and one phone call, you ... injury / property damage Protect your business today. Public Liability insurance* Whether you work from an ...

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Insurance for Architects & Designers

... Reinforce your cybersphere with Cyber Liability insurance., providing protection covering extortion costs, fines and penalties, investigation and data recovery costs, business interruption costs and PR/crisis management ...

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Insurance for Real Estate Agents

... Fraud and dishonesty Bodily injury / property damage Public Liability This insurance is an essential component of any business' insurances. It covers your liability to third parties for any property damage and or ...

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Insurance for Engineers

... Liability policy. The policy covers your legal defence costs as well as, in some cases, any fines incurred. FAQs I am an engineering contractor. Do I still business insurance ... ) / Computer Consulting Service Great support ...

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Insurance for Allied Health Professionals

... clients visit you at your place of business makes Public Liability insurance an important form of cover to protect ... Joanna V. Occupational Health And Safety – Ohas – Consulting Service Nice and quick. Thank you. Kharli H. ...

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Insurance for Accountants & Tax Agents

... broking Management/business consulting Accounting software programs Public Liability Do clients visit your office for their calculations? Or do you provide an in-home service? If yes, then Public Liability Insurance is a ...

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BizCover and Massage New Zealand

... be held liable. A Professional Liability Package provides important financial protection in the event of a claim being made against your business. BizCover is proud to be the preferred insurance partner of Massage New ...

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BizCover and NSNZ

... including Business Insurance at an additional cost to protect against material damage losses suffered due to an unexpected event, like fire, storm, theft, natural disasters and accidental damage. Professional Liability ...

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Insurance by Industry

... Recruitment Consultants Retailer Shop Owners Tradesmen Travel Agents and Tour Operators Yoga Teachers Protect your business today. * * As with any insurance, cover will be subject to the terms, conditions and exclusions ...

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BizCover and Boost Your Business

... business. We have teamed up with Boost Your Business so that you don't have to do the research or the calling around to different insurance companies ... . Cyber Liability Insurance* Protects your business against the ...

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BizCover and NZ Retail

... for something to go wrong. Having the appropriate insurances in place to protect your retail store is a ... business activities. Statutory Liability* Statutory Liability** insurance protects you, your retail business ...

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Priceme

... business. We have teamed up with PriceMe so that you don't have to do the research or the calling around to different insurance companies ... Parliament. Cyber Liability Insurance* Protects your business against the expenses ...

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Insurance for Travel Agents and Tour Operators

... minutes Why do Travel Agents and Tour Operators need Business Insurance? Your clients seek out your expert advice and ... Indemnity insurance in place Protect your business today. Public Liability insurance* Interacting ...

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Insurance for Photographers

... Liability insurance, Public Liability insurance is designed to provide protection for you and your business ... how to get in touch with one of our business insurance professionals. You can also access quick links to our ...

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Insurance for Personal Trainers

... business activities. Combined Professional Liability package Having a combined Professional Liability ... injury or damage to third party people and property. Business Insurance* If you take a moment to look at all ...

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Reviews related to Liability Insurance For Consulting Business

  • It was so easy and great time saver, prompt delivery to obtain the Public Liability and Professional Indemnity I require as an Occupational Health and Safety Consultant and Practitioner. Other quotes took well over a week to come back to me. Definitely r

    Patricia Copp
    Consultancy Occupations

  • Compared to the other quotes I was getting and poor customer service I was dealing with, BizCover were friendly and helpful, patient as I said I wasn't ready yet due to waiting for other insurance brokers who were terrible, BizCover kept trying to call bu

    Layla Dowthwaite
    Consultancy Occupations

  • I did fill this in before - don't know what happened to it. I thought the on-line service was good. The real proof about the value of any insurance product though is what happens when you have to claim!

    Alison McDonald
    Consultancy Occupations

  • Nice and fast, but not immediately obvious where to download insurance certificate.

    Charles Brooks
    Consultancy Occupations

  • It was easy and fast to attain.

    Jason Te Kare
    Consultancy Occupations

  • I loved being able to do everything online

    Dory Connor
    Consultancy Occupations

  • very easy to renew policy, no dramas or hold-ups. I didn't have to waste my time with petty details.

    Andrew Barrell
    Other

  • It was a very sttaightforward process

    Knut Stoyl
    Consultancy Occupations

  • Easy to understand and purchase, great experience

    Greg Campbell
    Consultancy Occupations

  • Answered all my questions, helpful, and followed up my online enquiry efficiently.

    Jan Broadley
    Consultancy Occupations

  • Simple, effective, quick, liked the compare feature

    Andy Dick
    Consultancy Occupations

  • Efficient service with reminder notice well in time, when my cover was due to expire.

    PAMELA HARVEY
    Consultancy Occupations

  • Fast efficient and user friendly

    Brett Stansfield
    Consultancy Occupations

  • It was quick & I had my questions answered promptly The only issue was understanding the accent of the person I was speaking to

    Jane Gresham
    Consultancy Occupations

  • The man who phoned and chatted to me was super knowledgeable and very friendly. He was able to answer every question I had on the spot without delay or referring me to anyone else - this never happens!

    Donna Swart
    Finance and Mortgage Broking

  • Easy to purchase. Good follow up and email reminder. Price Is good.

    Gabriel Molina
    Other

  • I recommend bizcovers simple and straightforward system for obtaining professional insurace online

    Alison Davies
    Consultancy Occupations

  • Easy and affordable. Friendly customer service rep.

    Ian Leader
    Consultancy Occupations

  • The person assisting me was helpful and called back when he said he would

    LINDA BLUM
    Consultancy Occupations

  • Online was straight forward and quick. The call I made addressed my needs and gave me a solution to my issue. Liked getting options and pricing was competitive

    Megan Curry
    Consultancy Occupations

  • Good reminders easy to renew online

    Rob Small
    Other

Did you Know?

To become a sole trader in New Zealand, you must have:

  • A personal IRD number for paying income tax and GST
  • Relevant government licences and permits that your business may require
  • Qualifications or registrations for your trade or profession.

You will also need to advise Inland Revenue that you’ve become a sole trader and you’ll need to register for GST if you earn over $60,000 a year.

Source: https://www.business.govt.nz/getting-started/choosing-the-right-business-structure/becoming-a-sole-trader/

Insurance for Consultants

Consultants working in all industries should consider insurance to safeguard their livelihood against the unique and commonplace risks they may face on the job. With so many new and emerging types of consultancy roles it is important that you understand the types of risks your business may encounter, even if you take all the measures in the world to keep it safe.

Insurance for management consultants*

Management consultancy is a growing area of expertise within the consultancy field. With a shift in the way that many businesses are now directing and running their businesses the demand is growing for more management consultants.

While you may be a management consultant who operates from home or visits your clients out on the road, ensuring you have the right business insurance in place are vital. Professional Indemnity insurance* is one of the main types of insurances you may need to consider, as well as Public Liability insurance* and Business Insurance*.

Professional Indemnity insurance* is something you may want to consider having in place before uttering those first words of management consultancy advice, a claim from a client without it could accidentally land you in hot water, a risk no small business owner wants to risk.

Professional Indemnity insurance may be a requirement if you work on certain contracts, and if you are a member of certain industry board or council you may also need to have a certain level of Professional Indemnity insurance in place. It is always a wise idea to check what level of coverage you may need when arranging your management consultancy Professional Indemnity insurance. Many consultants consider these and other policies:

Professional Indemnity

Giving advice or providing recommendations doesn’t come without risk. That’s why Professional Indemnity (PI) insurance is designed to provide the essential financial protection you need as a Consultant, to safeguard your business for claims made against you if you make a mistake, or are perceived to have made a mistake. After all, your business is your livelihood, so protecting it is paramount.

Our comprehensive Professional Indemnity insurance covers a broad range of consultancy occupations, including:

  • Advertising
  • Agronomist
  • Communications consulting
  • Compliance
  • Conveyances
  • Corporate
  • Fire and Safety
  • Forestry
  • Funeral Directors
  • Geological
  • Horticultural
  • Human resources / training services
  • Marketing / public relations
  • Marriage Celebrant
  • Mediators
  • Mineral Industry
  • Organisational structure & change management
  • Public relations
  • Risk Management
  • Strategic business planning
  • Title / Legal Searchers
  • Translator
  • Workflow processes & procedures

What is covered?

Professional Indemnity insurance is designed to protect your assets, your bank accounts, and your professional reputation. These policies typically do this by covering the costs associated with a claim, including:

  • Legal expenses, such as costs related to your legal defence, court attendance, and responding to disciplinary inquiries
  • Costs associated with formal and informal investigations of the claim
  • Damages awarded to the claimant
  • Public relations

PI policies usually cover the following events:

  • Providing negligent or misleading advice
  • Breaches of duty, such as confidentiality and other privacy issues
  • Defamation, libel or slander
  • Intellectual property and copyright infringement
  • Loss or damage to client documents
  • Bodily injury or illness caused by the professional services covered under your policy

What is not covered?

Professional Indemnity includes many important protections for consultants. However, it typically does not cover the following:

  • Intentional damage
  • Any claims or circumstances that are known prior to the period of insurance
  • Acts of fraud and dishonesty
  • Accidental injury and property damage

Public Liability

Public Liability insurance is a no-brainer when it comes to offering consultancy services. When you are dealing with clients on a regular basis, whether at your office or theirs, you will be exposed to many potential mishaps – something as simple as accidentally spilling coffee all through a clients laptop could end up costing you a couple of thousand dollars.

Public Liability insurance will protect you from any financial losses which may arise from a claim of third party property damage or accidental injury (not covered by the ACC) to save you from having to pay from your own hip-pocket.

What is covered?

Typically, Public Liability policies will cover costs and compensation relating to:

  • Repairing or replacing damaged property
  • Third-party personal injury or death where the ACC does not provide cover
  • Your legal defence

What is not covered?

While Public Liability insurance can provide you with important peace of mind, it is still important to ensure that your business is operating in accordance with the law and the professional standards of your industry.

Public Liability insurance typically will not cover:

  • Injuries to your employees or yourself
  • Damage to your own property
  • Compensation for personal injury that is covered by the ACC

Protect your business today.

Business Insurance

Your clients are your bread and butter, but where would you be without your business assets? Business Insurance allows you to select the types of coverage that best suit your business, like contents, to protect against fire, earthquake, theft, vandalism and accidental damage.

Cyber Liability

Chances are you store valuable and sensitive client information online, which you need to protect. In today’s digitalised world, cybercrime and data breaches are common. Sensitive data can be compromised, resulting in very expensive costs, not to mention the potential irreparable damage it can cause to your business’ reputation.

Cyber Liability insurance is designed to protect your business against the costs and legal expenses if your network is hacked and if sensitive client information is stolen.

What is covered?
Consultants can expect most Cyber Liability insurance policies to cover costs relating to:

  • Investigation of an event and data recovery
  • Business interruptions
  • Fines and penalties
  • Extortion payments
  • PR and crisis management for your consultancy

How much does insurance for consultants cost?

Like many consultants, you probably want to know exactly how much it will cost to insure your consultancy business. Insurers take many factors into consideration when they calculate your premium. Because every consultancy is different, the amount you will pay for insurance will likely differ from other small business owners, even other consultants.

Insurers may consider these and other factors when determining how much your insurance premium will be:

  • Your industry and the nature of your business
  • The size and annual turnover of your business
  • The number of employees being covered and their qualifications
  • Your past history of insurance claims
  • The amount of cover you are seeking

A good way to understand how much you can expect to pay for consultants insurance is to compare quotes from multiple insurers. Contact BizCover to receive instant quotes for consultants insurance today.

* This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. 

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ABN 68 127 707 975; AFSL 501769

BizCover Limited is owned by BizCover Pty Ltd (ABN 68 127 707 975)

Need Help?

Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. 

You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents. 

 

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