Business insurance in Newcastle
Business insurance packages are available from many insurers and underwriting agencies. As policy wordings, exclusions and endorsements vary between insurers, professional advice is paramount to making any decisions.
Small business insurance brokers for over 35 years
For more than three decades, we’ve been helping small and medium-sized businesses across Australia protect what matters most. From retail and healthcare to manufacturing, consultancy, trades, and the creative industries, we understand that every business has unique risks and requirements.
When you work with Ian Jones, you’re backed by a team of experienced business insurance brokers with deep knowledge of the Australian insurance landscape.
We draw on strong relationships with leading insurers and a thorough understanding of your industry to secure smart, cost-effective coverage. In turn, you can focus on running your business with confidence.
Common business insurance cover options
A business insurance policy protects against losses such as property, business interruption, theft, money, glass breakage, broad-form liability, general property, machinery breakdown, electronic equipment, employee dishonesty, tax audit, transit, employment practices and statutory liability.
Other tailored and specific classes of insurance may be coupled to provide comprehensive protection.
Professional indemnity insurance
If your business provides advice, consulting, or professional services, this cover helps protect you and your workers from claims of negligence or errors that may lead to a client’s financial loss. It can cover legal fees, settlements, and associated costs if a dispute arises over your work.
Public liability insurance
This type of insurance protects your business if someone is injured or their property is damaged due to your operations—whether on your premises or out in the community. It’s essential for any business that interacts with the public, suppliers, or customers.
Management liability insurance
Designed for business owners, directors, and key decision-makers, this cover helps protect against liability claims relating to allegations such as mismanagement, breaches of duty, workplace discrimination, or wrongful dismissal. It also protects against fines and penalties in certain regulatory matters.
Business interruption insurance
If an unexpected event like a fire, storm, or other insured incident disrupts your operations, this cover can help replace lost income and cover ongoing expenses. It ensures your business activities can continue to meet financial obligations while you recover and rebuild.
Personalised business insurance packages
Not all businesses require the protection afforded by all sections of a standard insurance policy. That’s why it is important to tailor a business insurance package to suit the individual nature of your organisation.
Getting the right advice ensures you’re only paying for what you need, while still protecting what matters most. Speak with our business insurance brokers to identify which types of cover are relevant to your industry, setup, and goals.
We take the time to understand your business needs so we can recommend coverage that genuinely fits its circumstances—no guesswork or generic packages.
Frequently Asked Questions
Business insurance is generally a term for insurance that is used to protect a business against certain risks.
It generically applies to business package insurance, which covers multiple classes of insurance risk, such as fire and property damage, business interruption, burglary, plate glass, money, machinery breakdown, electronic equipment and public liability.
The sections selected will depend on the type of business being insured. Therefore, a business insurance broker would advise on relevant sections when assessing the risk.
A business insurance package policy would mostly be purchased by any business owner requiring multiple sections of cover to protect their business.
Retailers, manufacturers, offices, and doctor surgeries are just a few businesses that would need business insurance.
Small businesses in Australia face a range of risks that can disrupt operations, affect revenue, and impact long-term growth. The most common business risks include:
- Injury or illness to key staff: If you or an essential employee becomes seriously ill or injured, it can halt business operations, reduce productivity, and lead to unexpected downtime or replacement costs.
- Cash flow problems and financial stress: Late payments, unforeseen expenses, or underestimating running costs can quickly lead to cash shortages—making it hard to pay staff, suppliers, or rent.
- Property damage or theft: Fires, storms, break-ins, or equipment theft can damage your business assets, often resulting in major repair or replacement costs and operational delays.
- Legal issues related to branding or IP: Businesses can unintentionally infringe on trademarks, logos, or copyrighted content, leading to costly legal disputes and rebranding requirements.
- Claims of professional negligence or service errors: If a client believes your advice or services caused them financial loss—even if unfounded—they may pursue compensation. Defending such claims can be time-consuming and expensive.
Understanding these risks and putting the right protections in place—like insurance and risk management strategies—can help safeguard your business.
There are too many variables to give any indication as to the cost of business insurance. Every occupation will vary, so will the cost of insurance.
The best option is to discuss one’s needs with a qualified business insurance broker to obtain the right advice and cover suitable for your company.
There really is no best insurer for business insurance, as not all insurers may be able to insure all types of business, so it is important that the right insurer is found for the suitability of a particular business.
A qualified business insurance broker will search and locate any insurers that match a company to ensure the right cover is put in place.
Generally speaking, an insurance premium protecting a revenue-producing asset may be viewed as a tax-deductible expense, and this being the case, yes, business insurance may be claimed on taxes.
If a business does not have any business insurance, the owner is effectively carrying any financial risk themselves.
Therefore, if an event occurs that would normally be covered under a business insurance policy, the uninsured business owner would have to pay for any repair or rebuilding themselves.