⚠ GENERAL ADVICE WARNING: This estimator provides a rough guide only based on ATO industry benchmarks and does not constitute financial product advice.
Estimated GP% figures are industry averages — your actual business may differ significantly.
Always confirm your BI sum insured with a full calculation completed with your accountant and broker. Agentic AI Insurance Services · Insurance Advisernet AFSL 240549 / AR 296822.
⚡ Quick Estimator
Business Interruption
Quick BI Sense Check
Select your industry, enter your annual turnover, and get an instant indicative BI sum insured in seconds. Powered by ATO Small Business Benchmark data from 2+ million Australian business tax returns.
STEP 1
Select Your Industry
Industries are classified using ATO Business Industry Codes (BIC) — 5-digit codes based on the 4-digit ANZSIC (Australian & New Zealand Standard Industrial Classification).
The first 4 digits of the ATO BIC are identical to the ANZSIC class code. Both are shown for each industry below.
🏷 ATO BIC: —
📋 ANZSIC: —
📁 —
⚠ Labour / Wages Note: For this industry, ATO Cost of Sales figures may include some employee wages in the variable cost component.
The BI insurance definition does NOT deduct wages as an Uninsured Working Expense — wages are insured costs.
This estimator applies a conservative (lower) CoS deduction to partially correct for this, resulting in a higher GP% estimate.
A full BI calculation with your accountant is strongly recommended.
STEP 2
Enter Annual Turnover
Enter your estimated annual gross turnover excluding GST. Use your last full financial year's figure,
or your best estimate for the next 12 months if the business is growing.
—
Estimated Gross Profit %
$
📌 Indicative BI Sum Insured
⚠ IMPORTANT — Underinsurance Risk: These figures are based on industry averages.
If your actual gross profit percentage is higher than the industry average, this estimate will understate your required sum insured and you may face a proportional reduction at claim.
Always verify with a full calculation. A sum insured that is too high costs slightly more premium — a sum insured that is too low can result in devastating financial loss.
⭐ Indicative BI Sum Insured
$0
Estimated Gross Profit + ICW/AICW allowance. Use as a starting point — verify with your broker and accountant.
⚠️
40% of small businesses never reopen after a major loss. Of those that do, only 29% are still trading two years later.
Business Interruption insurance is your financial lifeline — covering wages, rent and loan repayments while your premises are being rebuilt. Without it, the bills keep arriving long after the business stops trading.
Source: FEMA / Thryv Australia
| Industry Selected | — |
| ATO BIC Code | — |
| ANZSIC Code | — |
| ATO CoS Benchmark Range | — |
| Applied Gross Profit % (conservative) | — |
| Annual Turnover (entered) | — |
| Estimated Gross Profit | — |
| ICW / AICW Allowance (selected) | — |
| ★ INDICATED BI SUM INSURED | — |
Data Source: ATO Small Business Benchmarks 2022–23, based on over 2 million Australian small business tax returns.
Gross Profit % = 100% minus the mid-point of the ATO Cost of Sales to Turnover benchmark range, adjusted conservatively upward for labour-intensive industries.
Indemnity Period: 12 months assumed. Payroll insured in full (no Dual Wages deduction applied).
This estimate does not include Prevention of Access, Specified Customer/Supplier, or other extensions.
Source: ato.gov.au — Small Business Benchmarks
📄 BI Review Advice Note — Print for Client File
Complete the broker and client details below, then print this note. Both parties sign.
The signed note goes on the client file as evidence of a BI review being conducted at this renewal.
🛡
Agentic AI Insurance Services
Insurance Advisernet AFSL 240549 · AR 296822
BI REVIEW ADVICE NOTE
Date: —
Broker / Adviser
—
—
Client / Insured
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BI Quick Sense Check Results
Industry
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ATO BIC / ANZSIC
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Applied GP%
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Annual Turnover
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Current BI Sum Insured
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→
Indicative BI Sum Insured
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Recommended Action
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Notes / Comments
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Broker / Adviser Signature
Name: Date:
Client / Insured Signature
Name: Date:
GENERAL ADVICE WARNING: This BI Review Advice Note is based on an indicative estimate using ATO industry benchmark data and does not constitute financial product advice.
The indicated sum insured should be verified with a full calculation completed with the client's accountant before policy placement.
Agentic AI Insurance Services · Insurance Advisernet AFSL 240549 · AR 296822 · © Agentic AI Insurance Services 2026
📚 Industry GP% Reference Table — ATO BIC & ANZSIC Codes
All 55 SME industries with ATO Business Industry Codes, ANZSIC class codes, CoS benchmark ranges and the conservative GP% applied by this estimator. Click any row to select that industry above. W = wages warning applies.
Show / Hide Full Reference Table (55 industries)
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| # | Industry | ATO BIC | ANZSIC | CoS Range | Est. GP% |
|---|