Protect Your Business with the Right Insurance
Building a business takes true grit, determination, and years of hard yakka. But all it takes is one unforeseen event – a fire, a lawsuit, a nasty storm – to put everything you’ve worked so hard for at risk.
At iO2 Insurance Group, we get the unique risks your business faces. We’re here to help you protect your livelihood with a comprehensive business insurance solution tailored to your specific needs. Partner with us and get the confidence and peace of mind that comes with knowing your assets, your income, and your future are secure.
Let iO2 be your shield against the unexpected, so you can focus on what you do best – growing your business.

What does Business Insurance cover?
Business insurance can cover a wide range of risks, protecting your business from financial loss due to events like property damage, liability claims, and business interruption.
Public & Products Liability
Cover the costs of compensation for personal injury or property damage, as well as your legal defence if a claim is made against your business.
Property Damage
Protects your business premises from unexpected events, including fire, storm, and accidental damage, with added benefits like debris removal.
Glass
Glass breakage cover protects your business’s interior and exterior glass, including shopfronts, mirrors, and display cases.
Theft
Covers loss or damage to your property due to theft, along with additional benefits like covering damage to your premises.
Machinery Breakdown
Machinery breakdown insurance covers the cost of repairing or replacing essential equipment that breaks down unexpectedly.
Employee Dishonesty
Covers financial losses caused by fraudulent acts committed by your employees that are discovered during the policy period.
What is typically not covered by Business Insurance?
While business insurance is crucial, not all policies offer the same protection, and hidden exclusions can leave you vulnerable – our expert brokers help you navigate these complexities to ensure comprehensive coverage.
- Illegal Activities: Losses arising from illegal activities or operations conducted without required licenses or permits.
- Pollution: Environmental pollution or contamination, unless caused by a covered peril (e.g., fire). Specific pollution liability coverage is often needed.
- Normal Wear and Tear: Gradual deterioration or depreciation of assets due to normal use.
- Flood (in some cases): Flood damage may be excluded from standard property policies and requires separate flood insurance.
- Pandemics: Losses specifically related to pandemics or widespread communicable diseases.
See What Our Happy Customers Say About Our Service
You’ll receive not only the best coverage but also the best service from our dedicated team. Here are just some recent testimonials.
I recommend John to others!
We had a major flood in the shop. John took full control, we were able to relocate our business overnight and continue trading next day.

Peter Wynn
Peter Wynn’s Score
The team is very approachable
As a local business owner, I’ve found iO2 to be professional and thorough. Our business and family area always well looked after.

Shame Tromp
Noosa Optical
Exceeded our expectations
We changed to Insurance policies to iO2 this year and their attention to detail is a breath of fresh air. A happy balance between cover and price.

Hinternoosa Realty
Sunshine Coast
Great savings!
A shout out to iO2 Insurance for their excellent service. We’ve now saved more on our Insurances, peace of mind and savings to boot!

Triona & Anthony Vitagliano
Salt Property Services
They’re true professionals
When we really needed them to come through for us, they went over and above. They provided exceptional cover and care.

Matt Wilson
Australian Cycling Academy
Absolute first class service
When my apartment flooded, I got to see first hand the benefit of not only having the right cover, but also having iO2 handle the entire process.

Adam Khoury
Wealthbridge Property Group
Frequently Asked Questions
The best insurance for a small business depends on the specific needs and risks of the company. However, there are several types of insurance that are commonly recommended for small businesses:
- Public Liability Insurance: This is essential for most small businesses, providing protection against third-party personal injury and property damage claims. It’s often included in business liability cover with options for $5 million, $10 million, or $20 million limits.
- Professional Indemnity Insurance: For businesses providing specialist services or professional advice, this coverage protects against claims of negligence or errors in your work.
- Business Insurance Package: Many insurers offer tailored packages that combine multiple coverages, which can include:
- Property damage insurance
- Business interruption coverage
- Theft protection
- Glass damage coverage
- Equipment breakdown insurance
- Employee dishonesty protection
- Commercial Vehicle Insurance: If your business uses vehicles, this coverage is important to protect against accidents and damage.
- Workers Compensation Insurance: This is essential if you have employees, providing coverage for work-related injuries or illnesses.
- Cyber Insurance: With increasing digital risks, this coverage is becoming more important for businesses that handle sensitive data.
- Management Liability Insurance: This protects business owners and managers from claims related to their management decisions.
The best approach is to assess your specific business risks and consult with an insurance broker or compare quotes from multiple providers to find the most suitable coverage for your small business. Remember, the cheapest option isn’t always the best, so consider the level of coverage and service provided when making your decision.
- Legal Requirements:
- Workers’ Compensation Insurance is mandatory if you employ staff or subcontractors.
- Certain professions, like legal or financial services, may require Professional Indemnity Insurance by law.
- Recommended Insurance for ABN Holders:
- Public Liability Insurance: Protects against claims of injury or property damage caused by your business activities.
- Professional Indemnity Insurance: Covers claims of negligence or errors in professional advice or services.
- Personal Accident Insurance: Provides income support during illness or injury for sole traders without employees.
- Business Interruption Insurance: Covers ongoing costs if business operations are disrupted due to events like fire.
- Benefits of Insurance for ABN Holders:
- Protects against unforeseen risks and liabilities.
- Establishes credibility with clients and partners.
- Ensures compliance with industry-specific requirements.
While not mandatory in all cases, insurance is a critical safeguard for ABN holders to protect their business and personal assets.
Business insurance is essential for protecting your business from a wide range of potential risks that could lead to significant financial losses or even closure. It acts as a safety net, providing financial assistance and peace of mind in the face of unexpected events. Here’s why you need it:
- Protection from Liability: If your business is found legally responsible for causing harm to someone else (e.g., a customer slips and falls on your property) or their property, liability insurance covers legal fees, settlements, and court judgments. Without it, you could be personally liable for these costs.
- Coverage for Property Damage: Whether it’s a fire, storm, vandalism, or another covered peril, property insurance helps repair or replace your business’s physical assets, including buildings, equipment, inventory, and furniture.
- Business Interruption Coverage: If a covered event forces your business to temporarily close, business interruption insurance can replace lost income and help cover ongoing expenses like rent and salaries, ensuring you can continue operations.
- Protection Against Lawsuits: Lawsuits can be costly, even if your business is not at fault. Insurance can cover legal defense costs, which can quickly escalate.
- Meeting Contractual Obligations: Many contracts require businesses to carry specific types of insurance, such as liability or workers’ compensation. Having the necessary coverage allows you to fulfill these obligations and secure business opportunities.
- Protecting Employees: Workers’ compensation insurance provides benefits to employees injured on the job, covering medical expenses and lost wages. It also protects your business from potential lawsuits related to workplace injuries.
- Building Trust and Credibility: Having adequate insurance demonstrates professionalism and responsibility to customers, clients, and partners. It builds trust and can be a competitive advantage.
- Peace of Mind: Knowing you have insurance coverage allows you to focus on running your business without constantly worrying about potential risks and financial liabilities.
In short, business insurance is a crucial investment that safeguards your business, your employees, and your financial future. It provides a safety net against unforeseen events, allowing you to navigate challenges and continue operating with confidence.