Business Insurance Broker

Specialist Business Insurance Broker with cost effective and comprehensive Business Package Insurance solutions

Business Insurance Broker

Specialist Business Insurance Broker with cost effective and comprehensive Business Package Insurance solutions

Business Insurance

Business Insurance for all occupations

A business takes years to build – but an accident or disaster could destroy it all in minutes. That’s why businesses should help protect themselves with a quality business insurance pack. Engage Morgan Insurance Brokers as your preferred Business Insurance Broker to assist with protecting their businesses with a comprehensive business policy they can rely on. With the right cover in place, owners can run their business with confidence, knowing that their premises, stock, equipment and income are protected.

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Frequently Asked Questions About Business Insurance

Companies should consider small business insurance when they have a brick and mortar business, are dealing with customers in person, or have an exposure to financial loss if physical assets are destroyed.

The best insurance company for business insurance is going to frequently vary, and is subjective to each client and their experience. For example, during high claimable events such as storms or floods, the insurers can be overwhelmed with claim volumes and their claims service could suffer. We find that Australian insurers that have been around for longer durations have better service.

Not all insurance policies are created equal. Insurance Brokers have access to the most comprehensive policy wordings on the market due to our large group network barginning power with the insurers which has lead to higher sub limits, and lesser exclusions for our clients.

Ultimately, the best type of business insurance is a policy that will protect you in the event of a claim.

Businesses can find business insurance by doing their own research using online comparison sites but this can be determintal for businesses if they are unfimiliar with the termonilogy, or don’t have the time to read the policy wordings and conditions in detail to under their responsibitlies and duties. Fortunately, Morgan Insurance Brokers is a specialist Business Insurance Broker and knows the ins and outs of business insurance policies. We can provide tailored advice around the cover you will require and can source this on your behalf.

The best way to find low-cost business insurance is to engage in the services of an Insurance Broker. Morgan Insurance Brokers work on your behalf to search the entire market of insurance providers for the cheapest and low-cost insurance cover without sacrificing your cover.

Morgan Insurance Brokers will guide you on what covers are essential for your business, and what covers you can look at self insuring. Not all sections of a business package insurance policy have to be insured to be adequately protected. Morgan Insurance Brokers also provide risk management and risk mitigation methods as well.

The two most important part of a business package policy would be Public Liability Insurance and Fire cover for stock and contents insurance.

Small business insurance could cost between $1,000 – $3,000 per year depending on the covers that you elect to insure for. Factors such as your turnover, employee numbers, your business activities and the amount of stock and contents levels that you hold at your premise are all the biggest factors in determining insurance premiums.

What Does Business Insurance Cover?

Business insurance packs can offer general protection for a business, which may include cover against:

Business Insurance

Property Damage

Repair or replacement of property damaged.

Business Insurance

Business Iinterruption

Loss of trading profit following insured damage to property and additional costs and expenses incurred during a claim.

Business Insurance


Theft Insurance can cover Replacement of stolen items and repairs to damaged property. Read our guide to theft insurance for more information.

Business Insurance


Loss of money. Excludes electronic funds.

Business Insurance

Public Or Products Liability

Public Liability & Products Liability can pay compensation for personal injury and property damage as well as the costs involved in defending a claim triggered by the policy.

Business Insurance


For replacing glass inside or outside your premises, including your shopfront windows, mirrors or display cases.

Business Insurance


For stock that is in transit on the road, in the air or by sea.

Business Insurance

Electronic Equipment Breakdown

For repairing or replacing electronic equipment that breaks down.

Business Insurance

Machinery breakdown

Cover for costs associated with machinery breakdown.

Business Insurance

General property

To cover your tools of trade, including laptops and tools that you use for your profession or trade.

Business Insurance

Tax audit

To cover the costs of being audited by the ATO.

Business Insurance

Employee Dishonesty

Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.

What is typically not covered?

Business insurance policies offer vital protection against a large number of potential risks your business may face. However, not all policies are created equal, and many may have standard or industry-specific exclusions that could leave your business vulnerable. That’s where we come in as your trusted business insurance broker. Entrust us to navigate the complexities of insurance policies, ensuring you’re adequately covered and shielded from potential losses.

Public Liability Insurance Broker

Deliberate acts

Public Liability Insurance Broker

Product recall costs

Public Liability Insurance Broker

Injuries to your employees (Workers Compensation)

Public Liability Insurance Broker

Wear & Tear and Old Age

Public Liability Insurance Broker

Flood - Available on request

Public Liability Insurance Broker

Aircraft products

Public Liability Insurance Broker

Asbestos Liability

Public Liability Insurance Broker

Pollution Liability

Public Liability Insurance Broker

Contractual Liability

Public Liability Insurance Broker

Professional advice

Why do you need Business insurance?

Business insurance is important because it covers the business against financial loss due to events such as fire, theft, natural disasters, and accidents.
All business owners, large or small, can benefit from taking out an affordable and comprehensive business insurance pack to help protect them against the main risks involved in running a business..
With the right cover in place, and an experienced Business Insurance Broker to back you up come claim time, owners can run their business with confidence, knowing that their premises, stock, equipment, and income are protected by their insurance policy.

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Business Insurance
Business Insurance

How Morgan Insurance Brokers can help

As your preferred Business Insurance Broker, Morgan Insurance Brokers makes obtaining Business Insurance easy. We do all the hard work for you. We learn about your business, your risks, and your requirements. We then approach a large panel of approved insurers to negotiate and obtain a suitable insurance policy for you that fits within your budget.
We provide advice and recommendations on your existing covers, or covers that we may see as a potential exposure to your business. We also manage claims on behalf of our clients, from lodgement all the way through to settlement. You can trade in peace knowing your business is protected.

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More Questions Answered

Below we answer frequently asked questions about Business Insurance.

In addition, we recommend exploring the comprehensive resources provided by to enhance your understanding of risk management and insurance for businesses in Australia. With valuable insights and practical guidance, equips you with the knowledge needed to navigate the complexities of insurance coverage effectively. Whether you’re a budding startup or a seasoned entrepreneur, understanding the importance of insurance in mitigating risks is crucial for long-term success. Click here to access’s wealth of information and take proactive steps to protect your business today

Business insurance protects the assets of a business.
It helps to protect against the risks that you may not be able to cover yourself.
Business Insurance is highly tailorable and aims to protect you with the covers below:

  • Property insurance covers damages or losses that occur to any of your buildings, stock, contents, or equipment;
  • Liability insurance covers claims made by others against you due to injuries or damages caused by your business and employees that you are liable for;
  • Business Interruption protects your turnover if you were to suffer an unforeseen event that interrupted your trade.

The cost for a particular policy depends on factors such as

  • The industry;
  • What policy covers you select to insure;
  • Annual turnover;
  • Employee numbers;
  • Location of premises;
  • Engagement of subcontractors;
  • Claims history;
  • Perceived risk by the insurers.

Reducing (or not taking out) your insurance cover can save you money in the short term, but it will leave you out of pocket if something unexpected happens. In order to avoid nasty surprises, it pays to be prepared with adequate insurance cover that is right for your needs.

As Your Business Insurance Broker, we will obtain the neccessary information in order to approach the market of insurers on your behalf. An example of the information you will need to provide is as follows:

  • The type of business you have (e.g., retail, restaurant);
  • your business structure The type of business – sole proprietorship, partnership, proprietary limited company, corporation;
  • The size of your business (e.g., number of employees);
  • Who you work with (e.g. do you subcontract to another company?);
  • Your annual revenue;
  • Your location.

If you have any stock, contents, or own or lease a commercial space, there is risk for unexpected events that could occur to your assets. You can benefit from using a Business Insurance Broker to source a quality Business Insurance policy to protect your business from the unknown!

Yes, you can cancel your policy within a cooling off period and be refunded the entire premium you’ve paid.

Cooling off periods can vary between insurers, but it’s usually 21 days from the date you started the cover.

Your contents and stock should reflect the new replacement value of your property. If not, your claim may not be paid in full.

You should review your contents & stock figures when they are higher than what you’re insured for on your policy. This may be more than once a year. Don’t want until renewal if they are different to your insurance policy amounts.

Yes, shipping containers which are at your insured address are covered, but they need to be secured and locked when unattended.

No. Never rely on a business insurance policy to protect your business from cyber attacks. Please refer to a Cyber Insurance policy.

Flood is NOT a standard inclusion. This has to be requested and approved by the insurer and is on a case by case basis.

If you’re registered for GST, yes you can claim the GST paid on your insurance policy.

Each insurer that we approach will have varying guidelines with vacant properties, however, if your property is vacant for more than 60 or 90 days, then your cover could cease, or be limited.

Signs are usually an additional benefit when you insure for external glass cover.

Standardly, if your items are damaged from a power surge, section 1; property damage cover will more than likely repond to these damages.

If you sublet, you should always let your Business and Public Liability insurers know to see if they will extend cover. Never assume that this is automatically covered.