It is important to thoroughly investigate your insurance options prior to starting up your tourism business so you are able to anticipate the insurance costs and requirements for your business. Call around and get insurance quotes from more than one broker, as there can be a big difference in the cost of premiums, and in the level of cover they are able to provide for you. You will get different advice from different insurers, so it is best to get all your information together then make your own decision, or seek specialist advice.

Find out what is included in each premium, what is excluded, what your excesses are, and what your obligations are.

When thinking about what insurance cover to take out, things to consider include:

• Most booking agents will not sell tourism product on behalf of operators unless the operator can prove they have current public liability insurance and all the relevant permits for their business.
• If you are purchasing or using any plant, equipment or property for your business, if you do not insure it you are putting your investment at great risk.
• You should consider if you need income protection insurance, to protect your own income, in the event of an accident or illness.
• By law, if you are employing staff you will need to take out workers compensation insurance.
• You should review your insurance at least once a year to ensure that you are still adequately insured, that you are covered for any new activities you have commenced, and that you are still getting good value for money.

The National Insurance Brokers Association provides details about insurance cover and policies most commonly used by small businesses. They also have a search function to help you find an insurance broker in your area.

You could also get quotes from insurance brokers who specialise in the tourism industry or those that specialise in dealing with Aboriginal communities or individuals. Search the yellow pages, or contact your state or territory tourism industry association for recommendations.