Business Insurance

Q: What kind of business insurance might I need?

There are many types of business insurance, including: Professional Indemnity insurance Public Liability insurance Workers’ Compensation insurance Product Liability insurance Personal Accident and Illness insurance Business & Office Pack Cyber Liability insurance Management Liability insurance

Provide us with your details and one of our insurance experts will contact you to discuss your requirements

Lee

We turned to Swoop for support with securing funding for our company’s expansion, and I’m thrilled to say they delivered above and beyond our expectations. From the very start, Adrian and Nichola were outstanding – professional, knowledgeable, and always willing to go the extra mile to help us achieve our goals. The process was seamless, with clear communication every step of the way. They took the time to understand our business, worked diligently to identify the best funding options, and ensured everything was in perfect order. Their expertise and guidance gave us the confidence to move forward and grow the business as planned. Thanks to Swoop, we now have the funding we need to take the next step in our journey. I can’t recommend them highly enough for any business looking for financial solutions. A massive thank you to the Swoop team for helping us turn our vision into a reality. I’ll definitely be returning when we take on our next stage of growth

Dec 17, 2024

Chris Palmer

We have used Elizabeth on 2 recent funding transactions. She is a star. Always checked in at end of day where things were at & updated me. Great customer service & would certainly recommend her. Thankyou Elizabeth.

Dec 12, 2024

Mike maur

It's been a pleasure dealing with Elizabeth, Def a Gem for her business. Amazing communicator and process dealing with all the paperwork was made easy and stress free. Keep it up !

Nov 28, 2024

Nasir Abbas Kazmi

I applied vehicle Finance through Swoop & lady Ikra help me from Beginning to end,she s very professional & helpful. Its just took 3 to 4 days & now i got new vehicle. I received Best customer services from Ikra & High recommend for this Swoop Finance.

Nov 26, 2024

Hazel Cuizon

Ayesha was very prompt and friendly to deal with and answered all my questions in a timely and professional manner. Very happy, highly recommend 🙂

Nov 24, 2024

Andrew Frazer

Cynthi was a fantastic help in organising what was needing and obtaining finance

Nov 8, 2024

Chris Skeates

Predrag and the Swoop team have been outstanding. Very attentive to our needs and staying on top of our funding request with their partners.

Oct 24, 2024

Leo Tsuo

Great experience. They quickly understood my needs and was fast to find a lender that met those needs. Highly recommend

Oct 22, 2024

Kash De Silva

I had a fantastic experience working with Elizabeth Tan for my business lending needs. She provided exceptional support and guidance, helping me navigate the process with ease. Her expertise and dedication were instrumental in taking my business to the next stage. I highly recommend her to anyone looking for lending assistance!

Oct 15, 2024

Shannon T

Cynthia has gone above and beyond, explained the process, consequences, and found me the most suitable solutions for my business in a very busy time! I found the help (even before I was guaranteed to use them) invaluable and the help made all the difference!

Oct 9, 2024

Most business owners don’t realise they can be liable for a whole range of accidents and issues, even if they seem unfair. With tailored insurance you can build a level of cover to protect against the specific risks your business faces.

Why might I need to think about Business Insurance?

Protect against risk

Your business, like all others, faces a level of risk as part of your daily operations. Business insurance is available to help protect your business against the impact of unexpected events or possible claims.

Legal or industry requirement

Does your business employ staff? Is your industry subject to specific regulations? Every business is different and certain types of insurance – like employers’ liability insurance – may be legally required based on your business’s profile. Understand the specific requirements and demands connected to your business to ensure you have the relevant cover in place.

Specialised cover

Some industries or activities may require specific or specialist insurance policies. Make sure you buy the right products to reflect the risks and requirements of your business.

Change in business circumstance

As your business evolves – growing and taking on new staff for example – your business profile, operations and requirements may change. Make sure your business continues to be protected against unexpected events and potential compensation claims.

What types of insurance are available?

Business & Office Pack Insurance*

An insurance package designed to provide coverage options for your business & office contents, stock, tools, business interruption and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage).

Professional Indemnity Insurance*

Professional Indemnity protects you against losses claimed by a third party due to alleged or actual negligence or errors in your professional services or advice. Your Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees).

Cyber Liability Insurance*

Cyber Liability insurance helps to protect you from third party claims and also to support your profitability in the event of a cyber breach or attack.

Personal Accident and Illness Insurance*

Personal Accident and Illness insurance can provide levels of cover for loss of income if you are unable to work, suffer permanent disablement and even death as a result of an unexpected injury or illness (even if it occurs outside of your employment). *

Management Liability Insurance*

Management Liability insurance is designed to provide protection to both the business and its directors and officers for claims of wrongful acts in the management of the business.

Tax Audit Insurance*

Management Liability insurance is designed to provide protection to both the business and its directors and officers for claims of wrongful acts in the management of the business.

What is business insurance and why do I need to consider it?

Business insurance – sometimes called commercial insurance – is designed to protect your business when things take an unexpected turn. More specifically, it protects you from financial losses that you might suffer during your day-to-day business activities. This could include, for example, loss of or damage to your business assets due to a fire, or someone taking legal action against your company.

What kind of business insurance might I need?

There are many types of business insurance, including:

What kind of business insurance might I need?

Yes, you can choose different insurance policies through different insurers. BizCover, our Business Insurance partner, provides a contestable platform – this means you can pick and choose from multiple different products from multiple insurers, depending on what best suits your business. The best part is that sales, service and renewals are all handled in-house, and they even help progress claims with the insurer, meaning there is only one number if you ever need to get in contact about your policies.

How much cover do I need – and how much will business insurance cost?

There is no one answer to these questions, as every business is unique. However, there are factors you can take into consideration to help you decide how much cover you may need and how much you can expect to pay.

The amount of coverage you need and your premiums (the price you pay for your insurance) may depend on factors such as:

Your industry
The size of your business
Where your business is located
Limits set by your professional body or business contracts
Your claims history

When buying business insurance, answer all questions accurately and choose an appropriate level of cover to ensure that you are protected when you need to make a claim.

*As with any insurance, cover is subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this website is general only and should not be relied upon as advice.