Business insurance · Australia · Head-to-head
BizCover (AU) vs Trade Risk
Two Australia business insurance options, compared side by side for Australia trades.
Which should you choose?
BizCover (AU) and Trade Risk 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.
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.
Trade Risk
Tier A · ListedBrisbane-based insurance broker for trade businesses, run by Trade Risk Pty Ltd
Trade Risk is an insurance broker focused on trade businesses, operated by Trade Risk Pty Ltd, a Queensland company registered in 2012 and founded by Shane Moore. Its website describes broking public liability, personal accident and tool insurance for tradies, with a focus on the construction trades. As a broker it quotes each business individually rather than selling cover off the shelf.
Pros
- + Broker focused on trade businesses, including the construction trades
- + Arranges public liability, personal accident and tool insurance
- + Operating since 2012, with a Brisbane office
Cons
- − No published prices could be checked: each policy is quoted
- − Ask which insurer underwrites each policy and whether a broker fee applies
- − Enquiry and quote process rather than instant online cover
Australia note
Trade Risk Pty Ltd (ABN 51 157 750 751) is registered in Queensland, with business names including Trade Risk Insurance Brokers, Tradies Insurance, Patch Insurance Brokers and Income Protection Australia. Its website gives an office in Hendra, about 15 minutes north of the Brisbane CBD.
More Australia options
See all Australia business insurance vendors and the rest of the Australia directory.