How much $2 million liability insurance costs in Australia is $300 to $800 per year for small business public liability $2M to $5M cover, $200 to $500 per year for vacant land $2M to $20M, and included free in home building $20M liability via building insurance $1,200 to $1,800 per year. For small business like tradie, shop, café, public liability $2M to $5M costs $300 to $600 per year for low risk like consultant, $400 to $800 for medium risk like tradie and shop, $800 to $1,500 for high risk like construction. For example, electrician $2M public liability $500 per year, café $2M $600 per year, builder $5M $1,200 per year. For vacant land $2M to $20M liability $200 to $500 per year, with $20M $300 per year from Allianz, QBE. For personal liability $20M included in home contents $300 to $600 per year for $30K to $80K contents, so $2M effectively free as part of $20M. For professional indemnity $2M $500 to $2,000 per year for consultant and real estate. So $2 million liability insurance costs $300 to $800 per year for small business public liability $2M to $5M, $200 to $500 for vacant land $20M, and included in home building and contents $20M liability for $1,200 to $1,800 building plus $300 to $600 contents, with $2M cover cheap $25 to $67 per month, essential to avoid $100K to $500K claims.
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