Trades Cover Insurance Business Insurance Calculator
Estimate your business insurance needs with our Business Insurance Calculator. Calculate the right levels of cover to protect your business operations and secure your financial livelihood.
'Calculator results are estimates only and not quotes. Actual quotes will be provided by licensed brokers after you submit an enquiry.'
Business Insurance – Sum Insured Calculator
Work through the steps to total replacement values for your premises, contents, stock and equipment,
and estimate a Business Interruption (Gross Profit) sum based on your indemnity period.
This is a planning tool only – not a quote or personal advice.
Step 1 of 8
1) Business profile
A few basics to set GST display mode and help label your results.
Most businesses choose ex‑GST if they can claim input tax credits.
2) Buildings (if you own the premises)
Main structure, internal fit‑out (if part of building), structural improvements.
Retail stock, raw materials, work‑in‑progress, chilled/frozen stock. Consider peak stock if seasonal.
7) Portable tools & property (away from premises)
Laptops, tools and equipment taken off‑site. Often insured under General Property/Portable.
8) Business Interruption (Gross Profit) & results
Estimate BI from annual Gross Profit and your indemnity period, then calculate recommended sums.
As defined in policy wordings: usually turnover minus uninsured working expenses.
How long you need cover to restore operations after a major loss.
Optional uplift for extra costs (overtime, temporary premises, expediting).
A sense‑check only (rent is not always included in BI “Gross Profit”).
When you’re ready, calculate recommended sums.
Heads‑up: Liability limits (Public/Product), Machinery Breakdown, Cyber, Transit, Theft limits and
Deterioration of Stock are separate policy sections. This tool totals user‑entered values and isn’t a quote or advice.
Calculator outputs are estimates only and do not constitute quotes. Actual quotes will be provided by a licensed broker after you submit an enquiry.
Calculator outputs are estimates only and do not constitute quotes. Actual quotes will be provided by a licensed broker after you submit an enquiry.
How to use our Business Insurance Calculator
Our Business Insurance Calculator helps Australian business owners estimate appropriate sums insured for key assets and business interruption. Getting sums insured right matters because underinsurance can reduce claim payments and leave you funding repairs, replacements or lost income from cash flow. Use this tool to create a practical starting point for a quote discussion and to sense-check your current policy limits.
How to complete the calculator for the best result:
1. Select your industry. This helps frame typical asset types and interruption risks for your operations.
2. Enter your location (optional). If you operate across multiple sites, use the main premises and note other sites separately when requesting a quote.
3. Choose GST treatment. If your business is GST-registered and can claim input tax credits, use ex-GST totals. If not GST-registered, use totals that include GST to reflect your true replacement cost.
4. Add financier details (optional). Include any lender with an interest in insured assets to reduce delays during quoting and claims.
Enter replacement values by section (use today’s like-for-like replacement cost, not accounting book value):
5. Buildings (only if you own the premises): include structure, fixed improvements and structural fit-out, plus demolition, professional fees and compliance upgrades where relevant.
6. Contents and fit-out: include furniture, shelving, counters, signage, security and glass, plus installation and freight.
7. Plant and equipment and electronic equipment: include tools, machinery, POS, servers and networking, plus setup and calibration.
8. Stock and materials: use peak stock levels if seasonal, and include work-in-progress if applicable.
9. Portable tools and property: include items regularly taken off-site.
Business Interruption (Gross Profit): enter annual gross profit, choose an indemnity period (how long it may take to recover after a major loss), and add an optional AICOW percentage buffer for extra operating costs. Rent per month can be used to sense-check adequacy.
Interpreting results: the calculator totals your entries and produces recommended sums and a JSON summary you can share with a broker. Treat outputs as estimates, not a quote. Liability, cyber, theft sub-limits, transit and other sections may be separate. This is general information only and does not consider your objectives, financial situation or needs; consider the PDS and TMD and seek licensed advice if needed.
Australian tradies know the pressure of keeping cover in place while juggling wages, materials, fuel, tax, vehicle costs and unpredictable cash flow. A new review by the General Insurance Code Governance Committee is a timely reminder that the way an insurance renewal is presented can make a real difference to what a small business owner understands, compares and ultimately pays. - read more
A recent Australian Financial Complaints Authority decision is a timely reminder for tradies that the words in a policy schedule can matter just as much as the headline sum insured. The dispute involved a business that had tools and a trailer stolen from a worksite, then challenged the insurer’s payout after receiving far less than it believed the policy should provide. - read more
Australian tradies could soon see an important shift in how general insurers are expected to communicate, manage claims and resolve disputes, with the industry’s General Insurance Code of Practice moving closer to a major rewrite. - read more
The Australian Securities and Investments Commission (ASIC) has issued a stark warning to the insurance sector, emphasising the urgent need to strengthen cyber defences in light of escalating threats posed by artificial intelligence (AI). In a recent open letter, ASIC Commissioner Simone Constant highlighted that the advent of advanced AI technologies has fundamentally altered the cyber threat landscape, necessitating immediate and decisive action from insurers. - read more
Income protection insurance is designed to offer financial security when you're unable to work due to illness or injury. It provides a steady income, usually up to 75% of your pre-tax earnings, helping you maintain your lifestyle while you focus on recovery. - read more
Trade businesses in Australia are experiencing a dynamic evolution. As the demand for skilled tradespeople increases, many tradies find themselves expanding their operations to meet the needs of a growing market. This growth is exciting and presents numerous opportunities for increased revenue and business presence. - read more
Public liability insurance is essential for anyone running a small trade business, offering a safety net against the unexpected. As a tradie, you’re probably familiar with the unpredictable nature of the job—anything from accidental property damage to third-party injury can occur. That’s where public liability insurance comes in, providing protection and peace of mind. - read more
Australia's tradies - our skilled tradespeople - are the backbone of the economy. They keep industries running smoothly, tackling everything from construction and electrical work to plumbing and carpentry. Their skills are in high demand, making the tradie industry a crucial part of Australia's workforce. - read more
Knowledgebase
Claim: A formal request made by the policyholder to the insurance company for payment of a loss covered by the insurance policy.
