What business insurance covers

Business insurance is the set of policies a company holds so that something can respond when things go wrong: an injury, a damaged asset, a legal claim, a cyber incident, an interrupted operation. Most businesses hold several policies rather than one, and the combination depends on what the business does, where it works, and what its contracts require.

Annex Risk Advisory is a Perth commercial brokerage. We design and manage insurance programs for small and medium companies and for complex enterprises, across Western Australia and nationally. Bojan Bogunovic and Vanja Zoric are both active practitioners, so clients deal directly with the people who run the business.

Wording matters more than most buyers expect. Two policies carrying the same name can respond differently to the same event, depending on the insurer, the endorsements and the exclusions that apply. That is why we take a risk-first approach. Before approaching any insurer we work to understand how a business operates, what it delivers, who it works for and what its contracts require. That analysis shapes the brief that goes to market, rather than the other way around.

The pages below set out the products we most often place, what each one responds to, and who it may suit. We review the insurance obligations in client contracts, provide insurance program design and placement, and support claims management and advocacy when a claim is made. Our work spans mining and resources, construction and infrastructure, and professional services.

Ausure Financial Services Guide and Terms of Engagement | NIBA Insurance Brokers Code of Practice

  • Directors meeting in a Perth boardroom to review management liability insurance cover

    Management Liability and Directors and Officers Insurance

    Management liability insurance brings directors and officers, employment practices and statutory cover together under one policy. How Annex helps businesses review it.

  • Consultants reviewing professional indemnity insurance requirements

    Professional Indemnity Insurance

    Professional indemnity insurance responds to claims alleging loss caused by a negligent act, error or omission in professional services or advice.

  • Pre-start briefing at a Western Australian workplace

    Workers Compensation Insurance in Western Australia

    Workers compensation insurance is required of Western Australian employers under the state scheme. How Annex helps with policy setup, wage declarations and claims.

  • Western Australian commercial premises covered by commercial property insurance

    Commercial Property Insurance for Businesses

    Commercial property insurance responds to physical loss or damage to buildings, contents, stock and plant. How Annex helps businesses review sums insured and wordings.

  • Business vehicle fleet at a Western Australian depot

    Commercial Motor Insurance for Business Vehicles

    Commercial motor insurance covers vehicles used for business, from a single ute to a mixed fleet. How Annex helps businesses review cover and claims.

  • Business traveller departing Perth for work

    Corporate Travel and Personal Accident Insurance

    Personal accident insurance covers injury to people outside the workers compensation scheme. Corporate travel covers employees working away. How Annex helps.

  • Mobile plant on a Western Australian civil site

    Plant and Equipment Insurance for Contractors

    Plant and equipment insurance covers mobile plant, machinery and tools of trade, whether owned or hired in. How Annex helps contractors review cover.

  • Business team reviewing cyber insurance cover in a Perth office

    Cyber Insurance for Australian Businesses

    Cyber insurance responds to the financial consequences of a data breach, ransomware attack or system outage. How Annex helps businesses review cover.

  • Construction worker on a commercial building site in Perth, Western Australia

    Public and Products Liability Insurance

    Public and products liability insurance responds to third party injury or property damage caused by business operations or products. How Annex helps businesses review limits and wordings.

Frequently Asked Questions

Common questions about arranging cover for a business. If your situation is not covered here, the fastest way to a useful answer is a short conversation about how your business operates and what your contracts require.

Premiums depend on the size and nature of the business, its turnover, its claims history, the industries it operates in, the limits and excesses selected, and the wording each insurer offers. Two businesses in the same trade can be priced differently. We can explain what is driving a premium and what may change it at renewal, based on your circumstances.

Public liability responds to injury or property damage caused to third parties, usually arising from physical operations. Professional indemnity responds to financial loss caused by professional advice or services, such as a design error or a negligent recommendation. A business that both builds and advises may need to consider both, depending on its contracts and exposures.

It depends on what the business does and what it has agreed to. Some cover is a statutory obligation, such as workers compensation, which in Western Australia operates under its own state scheme. Others are driven by contracts, leases or funding conditions. The rest follow from the exposures a business carries. A review of your operations and contracts is what identifies which apply.

A broker acts for you rather than for an insurer. That means reviewing what your operations and contracts actually require, briefing the market on your behalf, comparing how different wordings respond, and advocating for assessment under the terms of the policy if a claim is made. Annex holds access to a range of insurance markets through Ausure.