Business insurance · Australia
NRMA Business
Business and tradie insurance sold direct by NRMA Insurance, a brand of ASX-listed IAG
Market position
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.
Australia-specific 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.
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
Typical Australia pricing
Quote-based; no public prices. NRMA offers a first-year discount on eligible new policies bought online.
Why this matters for Australia trades
Trade licensing is run by the states: Building Commission NSW issues NSW building and trade licences, QBCC licenses Queensland builders, plumbers and drainers (electrical work is licensed separately by the Electrical Safety Office), Victoria’s Building and Plumbing Commission registers and licenses plumbers, Building and Energy registers WA builders and licenses electricians, plumbers and gas fitters, and CBS licenses South Australian building and PGE contractors. Automatic Mutual Recognition lets licence holders from participating states work in NSW and, depending on the occupation, in WA, usually after notifying; Queensland does not take part. Employers report pay and super to the ATO through STP-enabled payroll software each payday, and from 1 July 2026 must pay the 12% super guarantee when they pay wages.
Australian trades vendor selection is shaped by state-based licensing, Single Touch Payroll (STP) reporting to the ATO, super guarantee payments (due with each pay run under Payday Super from 1 July 2026), GST registration once turnover reaches $75,000 (per business.gov.au), and local lead services such as hipages, Localsearch and Yellow Pages.
Frequently asked
Is NRMA Business a good fit for Australia trades?
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. 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.
What does NRMA Business cost in Australia?
Quote-based; no public prices. NRMA offers a first-year discount on eligible new policies bought online. Pricing and availability can change by region; confirm current Australia pricing on the vendor's site before committing.