Insurance for business
Business insurance – are you sufficiently covered?
Your insurance requirements could fall into two categories, both of which need to be considered:
- Protecting your business' future
- Protecting your business' assets
Protecting your business' future
Secure the future of your business by covering yourself, your business partner, or any key employee important to the operation of your business.
Asset (debt) Protection
Ensure your business' debts are protected following the death or disablement of you or one of your business partners.
Revenue Protection (Key Person)
Ensure your business can be compensated for loss of profits following the death or disablement of a key person.
Ownership Protection (Succession Planning)
Enable smooth succession of the business ownership due to the death or serious illness of a business partner.
Business Expenses Protection
Cover your business expenses if you are temporarily disabled and cannot work.
Income Protection
For self employed business owners - cover for your most valuable asset - your income.
Protecting your business' assets
Cover yourself against the loss of your premises, inventory, vehicles and equipment - assets that are crucial to the day to day operation of your business.
NAB Business Insurance
Protection for your business assets from loss following a catastrophe such as storm or fire.
NAB Agricover
Protection for farm assets and your livelihood from loss following a catastrophe such as a storm or fire
Some types of business insurance are compulsory, like workers compensation and third party car insurance.
The federal government has a comprehensive guide to all the types of insurance you will need, and some you didn’t know you did.
Check out the Australian Government's business insurance site.
More information
- Call 13 10 12
- Visit any NAB Branch
Guides
- Business planning
- Getting a loan
- Business taxation
- Paying super
- Insurance for business
- Legal issues & obligations
- Checklist for success
NAB Solutions
Any advice in this communication has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on any advice in this communication consider whether it is appropriate to your objectives, financial situation and needs.
