Addressing the Small Business Insurance Challenge report outlines the growing pressure insurance costs are placing on Australian small businesses, driven by rising premiums, inconsistent regulations, and changing risk environments such as extreme weather, cyber threats, and hybrid work.
The report explains why insurance is becoming less affordable and, in some sectors, inaccessible, while also highlighting how procurement practices and state-based taxes exacerbate the problem. Importantly for business owners, it is a practical resource that provides clear guidance on the types of insurance to consider, steps to reduce risk and premiums, and how to make more informed insurance decisions, helping businesses protect themselves, remain compliant, and build resilience in an increasingly complex operating environment.