The cost is calculated on a number of factors including (but not limited to):

The turnover to be insured;

Your industry;
The type of cover you require and your choice of deductible;
Your past bad debts history; and
Type and size of the limits that you require.


Most policies are costed as a percentage of the turnover to be insured, which can range from 0.1% to 1.0% depending on your company and industry. You choose the deductible (excess) and the percentage you want to cover.

As with most insurances, the higher the deductable, the lower the price.

Premiums start from around $15,000 (plus stamp duty and GST) for the “Standard type” polices.