Business insurance · Australia · Head-to-head
Allianz Australia (Contractors & Tradies) vs BizCover (AU)
Two Australia business insurance options, compared side by side for Australia trades.
Which should you choose?
Allianz Australia (Contractors & Tradies) and BizCover (AU) are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Australia-specific notes below against your trade and region.
Allianz Australia (Contractors & Tradies)
Tier A · ListedDirect insurer: tradie liability and tools cover, bought online or by phone, monthly at no extra cost
Allianz Australia Insurance Limited issues this Business Insurance Pack cover for contractors and tradies itself, rather than arranging it as a broker. Allianz says Allianz Australia is a wholly owned subsidiary of Allianz Group and has insured Australians for over 100 years. The pack combines public and products liability, general property cover for tools and portable equipment, and optional commercial vehicle cover, quoted online or by phone.
Pros
- + Public liability included in online Business Insurance Pack quotes
- + Tools and portable equipment covered if accidentally damaged or stolen from a secure location, anywhere in the world
- + Pay monthly or annually at no extra cost, Allianz says
- + Certificate of Currency emailed instantly after purchase
Cons
- − No public prices; premium depends on covers, limits and trade
- − Allianz's own cover only, with no comparison across insurers
- − Commercial vehicle cover needs liability or commercial property on the same policy
- − Tool theft is covered from a secure location only
Australia note
Issued by Allianz Australia Insurance Limited (ABN 15 000 122 850, AFSL 234708). Allianz points out that a contract may set a minimum public and products liability amount, and that workers' compensation is compulsory in every state and territory for businesses with employees.
BizCover (AU)
Tier A · ListedOnline business insurance quotes from 13 insurers, covering over 800 trade occupations
BizCover is an online business insurance platform run by BizCover Pty Limited (AFSL 501769), founded in 2008, that lets small businesses compare and buy cover from a panel of 13 insurers including AIG, Chubb, QBE, Vero and Zurich. BizCover says it has insured over 300,000 Australian small businesses and covers over 800 trade occupations. It acts as the insurers' agent under binder agreements and gives general advice only, so it does not advise on your personal circumstances as a broker would.
Pros
- + Compare quotes from 13 insurers in one online form
- + Covers over 800 trade occupations, with $5M or $20M public liability limits
- + Cover in minutes, with policy documents emailed straight away
- + Pay monthly or annually
Cons
- − BizCover acts for the insurer, not for you, and gives general advice only
- − BizCover fee of $20 to $200 plus GST per policy, on top of the premium
- − Paying monthly adds $8 plus GST a month, and card fees apply
- − Commission is kept by BizCover even if the policy is cancelled
Australia note
For tradies BizCover offers public liability at $5M or $20M limits, personal accident and illness, portable equipment, professional indemnity and statutory liability, with policy documents emailed on purchase. It says business insurance for tradies costs $87.50 a month on average, and it adds its own fee of $20 to $200 plus GST per policy.
More Australia options
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