Business Insurance Online :: Calculators

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Business Insurance Online Business Insurance Calculator

Estimate your business insurance needs with our Business Insurance Calculator. Calculate the right levels of cover to protect your business operations and secure your financial livelihood.

Business Insurance – Sum Insured Calculator

Add up the replacement value for your premises, contents, stock and equipment. Estimate a Business Interruption (Gross Profit) sum based on your indemnity period. This tool totals the items you enter and produces a neat JSON summary you can send with a quote request.

Industry

Location (optional)

GST treatment Most businesses will choose ex‑GST if they can claim input tax credits.

Financier (optional)

Buildings (if you own the premises)

Main structure, internal fit‑out (if part of building), structural improvements. Tenants usually insure fit‑out under "contents" unless required by lease.

Contents & fit‑out

Fixed fit‑out, shelving, counters, furniture, point‑of‑sale, security systems, signage, glass.

Plant & equipment

Machinery, tools, compressors, ovens, mixers, refrigeration units, forklifts (unregistered), generators.

Electronic equipment

Servers, PCs/laptops, POS terminals, networking, specialist electronics, CCTV/DVR.

Stock & materials

Retail stock, raw materials, work‑in‑progress, chilled/frozen stock. Consider peak stock levels if seasonal.

Portable tools & property (away from premises)

Laptops, tools, diagnostic equipment taken off‑site. Often insured under General Property/Portable.

Business Interruption (Gross Profit)

Annual Gross Profit ($) As defined in policy wordings: usually turnover minus uninsured working expenses.

Indemnity period (months) How long you need cover to restore operations after a major loss.

Additional Increase in Cost of Working (AICOW) % Optional buffer applied to the BI figure to allow for extra costs (overtime, temporary premises).

Rent per month (optional) If rent is a key cost, this helps sense‑check BI adequacy.

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Business Insurance Articles

Financing Your Business: The Role of Loans and Insurances

Starting a new business is an exciting journey filled with opportunities and challenges. One of the most critical aspects to ensure your venture's success is adequate financing. Whether you're launching a small local shop or a larger enterprise, having a solid financial foundation is essential. - read more

How to Lower Your Insurance Costs Without Sacrificing Coverage

Insurance costs can be a significant expense for businesses in Australia, and it is crucial to understand how they can affect your bottom line. With premiums on the rise, many business owners are looking for ways to cut costs while maintaining the coverage they need to protect their operations. - read more

How to Customize Your Business Insurance to Fit Your Company’s Needs

Business insurance is a type of coverage that protects your company from financial losses that may occur during regular operations. These losses could be due to a variety of risks like property damage, legal liability, or employee-related incidents. - read more

10 Common Insurance Terms Every Business Owner Should Know

As a business owner, understanding the ins and outs of insurance can feel like navigating a maze. The terminology alone can be daunting, yet it's crucial to grasp these concepts to make informed decisions about protecting your enterprise. - read more

Cash Flow Management Strategies for Small Business Sustainability

Understanding the ebbs and flows of your business finances is more than just knowing numbers; it's a vital component of your small business's longevity and success. In the ever-dynamic landscape of entrepreneurship, cash flow management emerges as a centerpiece in the grand puzzle of sustainability. Small businesses, with their limited resources, often face the pronounced challenge of maintaining a healthy financial heartbeat to thrive and grow. - read more

Insurance News

ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Practices

29 Sep 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has initiated Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024. - read more

ACCC Examines IAG's Proposed Acquisition of RAC Insurance Amid Competition Concerns

29 Sep 2025: Paige Estritori

The Australian Competition and Consumer Commission (ACCC) has expressed concerns regarding Insurance Australia Group's (IAG) proposed A$1.35 billion acquisition of The Royal Automobile Club of Western Australia's (RAC) insurance business. The regulator warns that the deal could reduce competition in Western Australia's motor and home insurance markets, potentially leading to increased premiums and reduced service quality. - read more

ASIC Initiates Legal Proceedings Against QBE Insurance Over Alleged Misleading Pricing Discounts

29 Sep 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against QBE Insurance, alleging that the insurer misled over half a million customers regarding pricing discounts between July 2017 and September 2022. The case centers on QBE's use of a pricing model that reduced the discounts customers should have received, affecting retirees, loyal customers, QBE shareholders, holders of multiple QBE policies, and those with claims-free histories. - read more

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Knowledgebase

Term Life Insurance:
A life insurance that provides a cover for a specific period of time - usually one to five years or until the insured reaches age 65 or 70.

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