Updated September 28, 2026 · AssureCue Editorial Team
BizCover (Australia) vs Income Insurance
BizCover (Australia) vs Income Insurance: the differences
| Compare |  BizCover (Australia) |  Income Insurance |
|---|---|---|
| Provider type | Broker | Insurer |
| Cover types | Cyber, Professional indemnity, Property, Public liabilityCovers more | Professional indemnity |
| Premium from | A$43.62 | SGD 0.60 |
| Excess from | A$500 | SGD 250 |
| Monthly payments | Yes | Not confirmed |
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Key differences
- Income Insurance scores higher overall: 9.4 vs 8.8.
- Founded is lower at Income Insurance: 1970 vs 2008.
- Cover types: only BizCover (Australia) offers Cyber, Property, Public liability.
Our verdict on each
BizCover (Australia)
BizCover is an Australian broker for small business cover spanning cyber, professional indemnity and property, with premiums from AUD 43.62 and limits of $5 million to $20 million (Public Liability) on public liability. It suits Australian sole traders and small firms that want monthly premiums settled through a broker rather than a single insurer.
Income Insurance
Income Insurance suits anyone who wants a single insurer to hold several personal policies from a company based in Singapore, and it scores 5.6 here. On entry price it ranks 24 of 252 brands, so get a quote on your own details before committing to any plan.
Score breakdown
| Area | BizCover (Australia) | Income Insurance |
|---|---|---|
| Cost | 8.5 | 9.1HigherPremiums from SGD 0.60 sit below the site median of €8.37, while the pet excess starts at SGD 250. |
| Offer | 9.5 | 9.6Higher |
| Trust | 8.5 | 9.5Higher |
Choosing between them
Pick BizCover (Australia) if cover types matter most.
Pick Income Insurance if cost matter most.
Licences and countries
Additional countries for BizCover (Australia): 1. Additional countries for Income Insurance: 1.
Positions in our rankings
| Ranking | BizCover (Australia) | Income Insurance |
|---|---|---|
| Car insurance | 25 of 393 | 8 of 393 |
| Business insurance | 21 of 150 | 9 of 150 |
| Professional indemnity and liability insurance | 6 of 38 | 3 of 38 |
Every fact side by side
| Fact | BizCover (Australia) | Income Insurance |
|---|---|---|
| Legal entity | BizCover Pty Limited (ABN 68 127 707 975) | Income Insurance Limited |
| Headquarters | Australia | Singapore |
| Founded | 2008 | 1970Lower |
| Support channels | Phone, Email, Help centre | Phone, Email, Help centre |
Personal insurance
| Fact | BizCover (Australia) | Income Insurance |
|---|---|---|
| Insurance types | Not confirmed | Auto, Home, Life, Health, Travel, Pet, Motorcycle |
| Audience | Not confirmed | Seniors |
| Pricing model | Monthly | Not confirmed |
| Cover limit | $5 million to $20 million (Public Liability) | S$8,500 - S$27,000 maximum annual coverage per policy year (Happy Tails Pet Insurance) |
| Claims channels | Online claims form, Claims tracker, Email, Phone | Phone, Email, Online form, Mobile app, Customer portal |
| Age range | Not confirmed | Pet insured must be at least 16 weeks old and below 9 years old at policy start |
Pros and cons
BizCover (Australia)
Pros
- Premiums start at AUD 43.62 and can be paid monthly, matching the 100% pattern across the market
- Cover lines include cyber, professional indemnity and property, so a firm can hold several policies in one place
- Public liability limits run $5 million to $20 million (Public Liability), with excesses from AUD 500
Cons
- Employers liability is not among its cyber, professional indemnity and property, so employers who need it must look at other providers
- Public liability is the line carrying a published limit of $5 million to $20 million (Public Liability), and its excess starts at AUD 500
- Monthly payments are the only pricing model listed in monthly, so annual settlement is not offered as a separate option
Income Insurance
Pros
- A single insurer for the lot: auto, home and life and professional indemnity can sit with the same company, so personal and trade policies need not be split across providers.
- Claim handling runs through phone, email and online form, so you can start a claim by whichever route suits the moment, from a form to a call.
- Support is listed as phone, email and help centre, so a quote or renewal question has a phone line, an inbox and a help centre behind it.
Cons
- The pet excess starts at SGD 250, so a routine claim still leaves that amount with you before the insurer pays anything.
- The pet age range rules older animals out: the pet must be above a minimum age and below a maximum age at the policy start.
- The pet cover limit moves through a fixed annual range under Happy Tails Pet Insurance rather than a single high ceiling, so a costly year at the vet can outrun the policy.
Who each suits
BizCover (Australia)
Who it suits
- Australian sole traders and small firms needing public liability cover
- Businesses that hold professional indemnity, property or cyber cover alongside it
- Firm owners who prefer spreading premium payments across the year
Who should look elsewhere
- Buyers who want the insurer relationship itself, since BizCover is a broker while Hiscox UK is insurer
- Employers needing employers liability, which is not among cyber, professional indemnity and property
- Shoppers seeking more business lines than cyber, professional indemnity and property, or personal cover such as home and travel
Income Insurance
Who it suits
- Anyone who wants their auto, home and life cover gathered under a single insurer rather than split across providers.
- Seniors, named as an audience on seniors, and households that still want a phone line on phone, email and help centre.
- Pet owners whose animal sits inside the age window and whose yearly vet bills stay under the pet cover limit.
Who should look elsewhere
- Anyone chasing the lowest entry figure on its own: bunq starts at €0, which is the number to weigh before settling on Income Insurance.
- Renters who need contents-only cover, since Good Sam Insurance Agency lists auto, home and renters and that line is missing from auto, home and life.
- Pet owners with older animals or very large veterinary bills, who are better served by a pet-focused insurer than by Income Insurance.
Current offers
Income Insurance
Current offer
Discount code
Up to 20% off + 188,000 STAR$ on Domestic Helper Insurance: up to 20% off + 188,000 STAR$
Promo code GDH188 at checkout for qualifying policies purchased via Income Insurance website or My Income app
Source, checked September 26, 2026
Bonus
Up to 8% cashback on first-year premium for Complete Life Secure: up to 8% cashback on first-year premium
Purchase of an eligible Complete Life Secure plan, with Early Critical Secure rider
Source, checked September 26, 2026
Country by country
| Country | BizCover (Australia) | Income Insurance |
|---|---|---|
| Australia | Yes | No |
| Singapore | No | Yes |
Questions about each
BizCover (Australia)
How much does BizCover cost?+
Premiums start at AUD 43.62 for the cover described, and the site median for business insurance premium from is €8.37. Public liability limits are offered at $5 million to $20 million (Public Liability), so the price moves with the limit you pick.
Can I pay monthly?+
Yes. Monthly payments are available, and monthly lists monthly as the only pricing model offered. That suits businesses spreading cost across the year, and it matches the pattern on 88.9% of the market.
Income Insurance
How much does cover start at?+
Premiums begin at SGD 0.60. That is the entry figure across Income Insurance products and a starting point rather than a quote for your own situation. The cover you pick and the details you give shape the price you are offered, so read it as the entry point of the range, not the amount you are likely to pay.
Is there an excess to pay on a claim?+
On Happy Tails Pet Insurance, the excess starts at SGD 250. The excess is the part of a claim you cover yourself before the insurer pays the rest. A lower excess is gentler on a routine vet visit, while a higher starting excess keeps the premium smaller. Picture a normal appointment and check that the amount you would pay alone still feels comfortable.
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