Coronavirus and business insurance in Australia FAQ

Got questions about how coronavirus (COVID-19) may affect your business insurance? Keep reading to learn more about how business insurance could be impacted.
business owners discussing coronavirus

My business is closing due to coronavirus, does business insurance protect my stock, equipment, and tools?

This would be dependent on the insurance policy you have in place. Speak with your insurer to find out more.

Do I still need public liability insurance if my business premises is closed?

This would be dependent on the circumstances of your business. There may still be a level of risk regardless of whether your business premises is open or closed.

Does business interruption insurance cover my business if it needs to close due to coronavirus?

It’s unlikely business interruption insurance will cover you for coronavirus-related interruption, regardless of whether you had cover in place before outbreak or not. Check with your insurer to find out more.

Do I still need business insurance if my business is closing temporarily?

Business insurance (which can cover buildings, contents, theft, stock etc.) may be important when closed depending on the circumstances of your business. .

Does personal accident insurance cover me if I can't work after being diagnosed with coronavirus?

This would be dependent on the policy you have in place. Check with your insurer to see if coronavirus-related illness is covered.

What does the Australian economic stimulus mean for Australian businesses?

It’s a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy. The focus of the stimulus package is keeping Australians in jobs and helping small and medium sized businesses to stay in business. For more information relating to eligibility, visit:

Does more employees working from home pose a cyber security risk to my business?

With more employees working from home, there has been reports of increased cyber security incidents and scams. Some insurers offer cyber liability insurance which may provide some insurance protection.

How can I qualify for JobKeeper payment?

To find out more information about qualifying for the JobKeeper payment visit: