Business insurance · Australia · Head-to-head
Allianz Australia (Contractors & Tradies) vs NRMA Business
Two Australia business insurance options, compared side by side for Australia trades.
Which should you choose?
Allianz Australia (Contractors & Tradies) and NRMA Business 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.
NRMA Business
Tier A · ListedBusiness and tradie insurance sold direct by NRMA Insurance, a brand of ASX-listed IAG
NRMA Insurance is a retail brand of Insurance Australia Group (IAG), and its policies are issued by Insurance Australia Limited trading as NRMA Insurance. Its business insurance range includes contractor and tradie insurance, public liability and professional indemnity, sold direct rather than through a broker. For tradies, NRMA lists public liability cover options of $5 million, $10 million, $15 million or $20 million, with optional cover for tools, materials and vehicles.
Pros
- + Tradie public liability options of $5 million, $10 million, $15 million or $20 million
- + Optional cover for work tools, materials and vehicles
- + Bought direct, including online, with no broker in between
- + Issued by Insurance Australia Limited, part of ASX-listed IAG
Cons
- − No published premiums; every policy needs a quote
- − Sells only its own policies, so there is no comparison with other insurers
- − Cover terms and exclusions sit in the Product Disclosure Statement, which needs a careful read before buying
Australia note
Policies are issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681, trading as NRMA Insurance. The NRMA motoring club says it is separate and independent from the insurer and acts only as a referrer under an agreement with it.
More Australia options
See all Australia business insurance vendors and the rest of the Australia directory.