What is the cheapest public liability insurance in Australia?

The cheapest public liability insurance in Australia for small businesses and sole traders is typically found through online business insurance platforms that compare multiple insurers and offer low-risk trade discounts. For low-risk occupations like consultant, tutor, cleaner, gardener, photographer, graphic designer or market stall holder, the cheapest public liability insurance for $5M cover can be $25 to $45 per month or $300 to $550 per year. Providers consistently offering the cheapest quotes in 2024-2025 include BizCover, which is a comparison platform offering policies from BizCover underwritten by insurers like QBE and Chubb starting from $27.50 per month for $5M, Public Liability Australia offering $5M from $300 per year for low-risk trades, AAMI Business Insurance offering $5M from $350 per year, and Budget Direct Business offering competitive rates for sole traders. For $10M cover, which is required by many shopping centres and councils, the cheapest is around $450 to $800 per year for low-risk businesses. For higher-risk trades like builders, electricians and plumbers, cheapest public liability $10M to $20M is $800 to $1,500 per year. Factors that make it cheaper include choosing $5M instead of $10M or $20M, having no previous claims, being a sole trader with no employees, low annual turnover under $100,000, and paying annually instead of monthly. Always check that cheapest includes products liability and covers you Australia-wide, as some very cheap policies exclude certain activities like working at heights over 10 metres.