Business insurance · Australia · Head-to-head
BizCover (AU) vs Upcover
Two Australia business insurance options, compared side by side for Australia trades.
Which should you choose?
BizCover (AU) and Upcover 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.
Upcover
Tier A · ListedSydney online insurance platform: tradie public liability and tools cover, quoted and bought online
upcover is a Sydney-based online insurance platform that arranges business insurance with selected insurers and underwriters; it says it has more than 80 insurance partners and more than 70,000 small-business customers. Its trades and construction page offers public and products liability, tools of trade, commercial motor and fleet, and tax audit cover, quoted online. Business News Australia reported in February 2025 that it raised a $19m Series A in debt and equity.
Pros
- + Quotes and purchase online; upcover says quotes take minutes
- + Tools of trade cover for theft, damage or loss of tools and equipment, including power tools and machinery
- + Proof of insurance can be sent as soon as the policy is bought, upcover says
- + Monthly instalment option
Cons
- − No public prices; a quote is needed
- − Monthly instalments carry an instalment administration charge (a flat percentage of the total cost), per its terms
- − Service fee of $0 to $300 (ex GST) per policy on top of the premium, per its terms
- − Acts as agent of the insurer, not the customer, when it effects a policy
Australia note
upcover Pty Ltd (ABN 17 628 197 437) is a Corporate Authorised Representative (CAR 1299211) of Experience Insurance Services Pty Ltd, AFSL 539078. Its terms say it acts as agent of the insurer, not the customer, when it effects a policy, and its site says it does not compare all insurers in the market.
More Australia options
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