A wholesale policy is an insurance product designed mainly for business or commercial use. These policies cover risks related to your business operations, customers, staff, equipment, and professional services. Common examples include public liability, professional indemnity, cyber insurance, business packages, and management liability.

Wholesale policies do not fall under the same consumer protection rules as retail insurance. The Corporations Act takes a lighter approach because the people buying these policies are usually more experienced or operate in a business setting. You can still receive general or personal advice, but the disclosure requirements are different from those that apply to retail policies.

If you want to compare this with a household-style cover, the What Is a Retail Policy page explains the differences in plain language.

To understand better where you as a client sit, please get in touch with us.