BizCover

Office address: Level 2, 338 Pitt Street, Sydney, NSW 2000
Website: www.bizcover.com.au
Year established: 2008
Company type: insurance
Employees: 100+
Expertise: professional indemnity insurance, public liability insurance, business insurance, cyber liability insurance, management liability insurance, and tax audit insurance
Parent company: N/A
CEO and key people: Michael Gottlieb, CEO and co-founder
Financing status: corporate backed or acquired

BizCover is Australia’s first online marketplace for business insurance. It focuses on SMEs, offering a seamless online platform to compare, buy, and manage insurance policies. With a focus on leveraging technology to simplify the insurance process, BizCover has emerged as a key player in the Australian insurance industry. It has helped over 200,000 small businesses in Australia to date.

History of BizCover

BizCover’s founders identified a gap in the market for a service that could offer straightforward, affordable insurance solutions without the hassle of paperwork. This was how BizCover started in 2008. Its online platform allowed small businesses to compare terms and prices of business insurance from different providers.

BizCover offers competitive pricing while giving SMEs the chance to purchase insurance on the spot. This has changed the way Australian SMEs purchase and manage their insurance, making BizCover a leading figure in Australia’s insurtech space. 

Products and Services of BizCover

BizCover's product range is designed to meet the diverse needs of the Australian SME sector: Some of its services include:

  • public liability insurance protects against claims for personal injury or property damage involving a third party like a customer, a supplier, or a member of the public
  • professional indemnity insurance covers losses claimed by a third party due to alleged or actual negligence in professional services or advice
  • business insurance provides cover against loss, damage, or theft
  • cyber liability insurance assists in managing incidents from cyber attacks or data breaches, including business interruption costs and legal costs
  • management liability insurance protects the business and its directors or officers against claims of wrongful acts in management
  • tax audit insurance covers specified costs in responding to an official tax audit by the Australian Tax Office
  • personal accident & illness insurance offers coverage for loss of income due to illness or injury, with options for accidental death or disablement cover

Culture at BizCover

BizCover prides itself on a culture of innovation, customer focus, and agility. The company fosters an environment where creativity and technology come together to create insurance solutions that are effective, accessible, and easy to manage for small businesses.

The company is focused on customer satisfaction, innovation, and integrity. It strives to attract the best talent by offering a hybrid work set up in its Sydney office and remote work throughout Australia and New Zealand. BizCover has a wellbeing program in place as well as regular team building activities to support its people.

About BizCover CEO and co-founder Michael Gottlieb

Michael Gottlieb, the CEO and co-founder of BizCover, is a visionary leader with a deep understanding of the insurance and technology sectors. Under his guidance, BizCover has achieved significant milestones, including insuring over 200,000 SMEs and maintaining an impressive year-on-year growth.

A physiotherapist by training, Gottlieb’s first foray into insurance was via Mega Capital Insurance Brokers in 2001. He launched BizCover in 2008 with its San Francisco-based counterpart, BizInsure, opening in 2012.

The future at BizCover

BizCover is committed to empowering more SMEs to protect their businesses efficiently and affordably. The company's focus on customer-centric solutions and technological innovation will continue to drive its success and leadership in the insurance industry. Its journey from a disruptive startup to a leading insurtech platform reflects its unwavering commitment to making insurance accessible and manageable for Australian SMEs.

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