BizCover

BizCover supports Enterprise Risk Management for Australian small businesses through an online platform that compares and issues business insurance, with more than 300,000 businesses covered since 2008.

• The first online small business insurance comparison and purchase site in Australia and New Zealand, founded in 2008, with more than 250 staff and over 5,000 New Zealand clients.
• Compares quotes from insurers including AIG, QBE, Chubb, Zurich, Vero, Hollard and HDI across public liability, professional indemnity, cyber liability, management liability and personal accident and illness cover.
• Management liability policies address workforce risks, including employment practices liability for unfair dismissal and discrimination claims and statutory liability for OHS breaches, with cover from $250,000 to $5 million at an average cost of $112 per month.
• Backs pricing with a Price Promise matching a competitor’s price within 7 days of purchase (conditions apply), and holds a 4.7 out of 5 Feefo rating from verified reviews.

Best for: small and medium businesses that want to compare and buy cover for employment and management risks online rather than through a broker.

BizCover publishes Workers Compensation Insurance guidance for Australian employers, explaining the compulsory schemes operating in every state and territory.

• Covers all eight state and territory schemes, including icare as sole provider in New South Wales, WorkCover Queensland and the five claims agents appointed by WorkSafe Victoria.
• States that BizCover is not licensed to provide workers compensation insurance itself and directs employers to the correct regulator or licensed insurer.
• Offers personal accident and illness cover for sole traders outside workers compensation, paying up to 85% of salary.

Best for: small business owners checking their workers compensation obligations before hiring their first staff.