Everything you need to know about BizCover
BizCover is an Australian online brokerage, under major professional risks insurance broker Mega Capital, which focuses on providing insurance cover to small businesses.
It was founded in 2008 by Michael Gottlieb, who saw how difficult it was for small businesses in Australia to get the right insurance coverage. According to Gottlieb, he and his co-founders (who are small business owners themselves) wanted to give small businesses a fair chance in the industry, which was dominated by large companies, complicated paperwork, poor service, and lack of transparency.
The company runs an online service that allows small business owner to compare and buy insurance policies from up to eight leading insurers in Australia, with a simplified process without redundant paperwork. It caters to over 6,000 professions, such as butchers, medical professionals, real estate agents, and dressmakers. It has provided public liability, professional indemnity, and business insurance to over 55,000 small businesses across Australia.
According to Gottlieb, BizCover targets “the growing number of SMEs that want to self-serve their insurance needs,” especially those with “relatively standard insurance needs and a minimum of tailoring.”
BizCover in the news
2008: BizCover founded
2012: BizCover partners with Woodruff-Sawyer to expand in the US with BizInsure
2013: Listed by the Deloitte Technology Fast 50 Awards as one of Australia’s fastest growing technology companies
2016: BizCover launches Chinese version of website – an industry first
2016: Premium increase is ‘great news’ for brokers
2016: BizCover introduces ‘stolen lunch’ cover
2016: Innovative broker BizCover announces major retailer deal
2016: BizCover pricing index reveals two ‘standout’ markets
2016: BizCover and Choosi announce partnership
2017: Won the Small Business Award for Business Excellence at the Australian Multicultural Marketing Awards
2017: Bizcover partners with Comparethemarket.com.au
BizCover took first place in Insurance Business’s Top 10 Brokerages for 2014, 2016 and 2017, and second place in 2015.
Need to know
Parent company: Mega Capital
Type of broker: Online, small business
Service areas: professional indemnity insurance, public liability insurance, business insurance, cyber liability insurance, management liability insurance, tax audit insurance
Headquarters: Sydney, NSW
Key people as of 2019
Michael Gottlieb – founder and CEO
Coming from a management consultancy background, Gottlieb entered insurance in 2001 by co-founding Mega Capital. Both Mega Capital and BizCover have consistently won accolades from Insurance Business over the past few years.
Guy Dalby – Broker relationship manager
Dalby leads BizCover Brokers’ wholesale division, managing relationships with brokers, improving retention, and developing new relationships to build the business. He was named part of Insurance Business Australia’s Young Guns 2016.
Holly Williams – Customer value manager
Williams joined BizCover after six years in general insurance. She is responsible for driving initiatives that ensure BizCover’s customer centricity, as well as managing a team across multiple functions of the business. She was nominated as one of Insurance Business Australia’s Young Guns 2017.
BizCover established the BizGiver programme in 2014 as a way of giving back to the small businesses that fuel the Australian economy. Each quarter, BizCover will grant the wish of one small business with a $2,000 grant, which can help start a new revenue stream or purchase equipment to boost the business. Since launch, BizGiver has given away over $40,000 in prizes including SEO packages, advertising, hardware and equipment, and training courses.
The company also runs the BizWitty blog, which contains helpful information for various small businesses. It offers guides and tips about marketing, financial management, human resources, and other vital areas for businesses.