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Business type · Market Research and Statistical Services · ANZSIC 6950

Market research business insurance in Australia

For a market research business in Australia - Market Research and Statistical Services (ANZSIC class 6950) - business.gov.au states that workers compensation insurance is compulsory for every Australian business once it employs anyone, under the scheme of each state it employs in, and business.gov.au names no other cover as required of this class by an Australian law; no source we read requires cyber insurance and professional indemnity insurance of this class by law, only whoever makes them a condition of a lease, a venue hire, a permit or a contract - as stated by business.gov.au and the ABS's ANZSIC 2006 (Revision 2.0), both checked on 3 November 2026.

The same page answers for market research agency, market researcher and opinion polling business: all of them sit in the one ABS class, so the sources below treat them the same way. Those are OpenStream's words for the class, not the ABS's.


Market Research and Statistical Services (ANZSIC class 6950) · ABS Division M, Professional, Scientific and Technical ServicesSources checked 3 November 2026 · no premium published
Business insurance brief · step 2 of 9

Which state does it operate in?

For Market research business. You can change that in the brief.

Tap one to begin. 6 more questions and your details, then your brief goes to a licensed broker. No premium is shown: business cover is priced per risk and no regulator publishes it. Open the check

What the classification says this business is

Market Research and Statistical Services (ANZSIC class 6950) sits in ABS Division M, Professional, Scientific and Technical Services. Every class-specific claim below is built from this definition, reproduced verbatim.

This class consists of units mainly engaged in providing market research or statistical services such as the systematic gathering, recording, tabulating and presenting of marketing and public opinion data.

Market Research and Statistical Services, ANZSIC 6950, from the Australian Bureau of Statistics' Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (Revision 2.0), read 3 November 2026, reproduced under the ABS website copyright statement (Creative Commons Attribution 4.0 International). “market research business” is OpenStream's plain wording for the class, not the ABS's.

What the regulators say is required

Only what a named regulator or Act is reported as requiring, each row quoting the source it came from. OpenStream is not an authority on any of it and states nothing of its own here.

CoverWhy it applies to this class
Workers compensationonce the business employsTrue of every Australian business, not of this class in particular: 8 state and territory schemes each set their own trigger, and the business deals with the regulator of every state it employs in. The 8 schemes and their triggers.

Required by a contract, or by nothing we could find

A landlord, a council, a venue, a head contractor or a client can make a cover a condition. That is not the same as a law requiring it, and a page that says it is has misled you.

CoverObligationWhy it applies to this class
Cyber insurancenot required by law or by any standard conditionthe ABS defines this class as "the systematic gathering, recording, tabulating and presenting of marketing and public opinion data", which is a business whose entire stock in trade is other people's answers: the OAIC's rule is that "If the Privacy Act 1988 covers your organisation or agency, you must notify affected individuals and us when a data breach involving personal information is likely to result in serious harm", so the obligation that attaches to this class is to tell the people surveyed and the Commissioner. It is a duty to notify and not a duty to insure, and whether the Privacy Act covers a particular small business is a question for the OAIC rather than for an insurer, as stated by the Office of the Australian Information Commissioner, checked on 3 November 2026.
Professional indemnity insurancenot required by law; required by contract where someone makes it a conditionwhat the ABS definition describes is data gathered and presented for a client to decide on, so a sampling or tabulating error is the loss business.gov.au names as "not achieving the results of a contract" and "mistakes, neglect or breaches of contract that result in a loss for your client". No regulator registers market researchers, so no law requires the cover of this class and where a research business must hold it the client's contract is what says so, as stated by business.gov.au, the Australian Government's business information service, checked on 3 November 2026.

Every cover type

What each covers, what it excludes, and who requires it.

Questions

Each answer carries its source inside it and the day it was checked (3 November 2026).

What is the cheapest insurance for a market research business in Australia?

There is no answer to that question. OpenStream shows no premium, range or typical cost for business cover: it is priced per business from the trade, turnover, premises and claims history, and no Australian regulator publishes business premiums. This page says which covers Market Research and Statistical Services (ANZSIC class 6950) is required to hold and who requires them, each with its source and the day it was checked (3 November 2026).

What insurance does a market research business legally need in Australia?

Workers compensation insurance, once the business employs anyone: business.gov.au, the Australian Government's business information service states that "Employers must get workers compensation insurance from an authorised insurer" and that "The laws vary in each state and territory", checked on 3 November 2026. Beyond that, no Australian law requires any cover of this class; the rest is contractual or commercial.

Does a market research business need public liability insurance?

Not by law. No Australian law requires public liability insurance of businesses generally, as stated by business.gov.au, the Australian Government's business information service, checked on 3 November 2026. Where it is required, a landlord, council, venue, head contractor or client has made it a condition, and that condition names the sum insured, not a statute..

Does a market research business need cyber insurance?

Not required by law or by any standard condition: the ABS defines this class as "the systematic gathering, recording, tabulating and presenting of marketing and public opinion data", which is a business whose entire stock in trade is other people's answers: the OAIC's rule is that "If the Privacy Act 1988 covers your organisation or agency, you must notify affected individuals and us when a data breach involving personal information is likely to result in serious harm", so the obligation that attaches to this class is to tell the people surveyed and the Commissioner. It is a duty to notify and not a duty to insure, and whether the Privacy Act covers a particular small business is a question for the OAIC rather than for an insurer, as stated by the Office of the Australian Information Commissioner, checked on 3 November 2026.

Does a market research business need professional indemnity insurance?

Not required by law; required by contract where someone makes it a condition: what the ABS definition describes is data gathered and presented for a client to decide on, so a sampling or tabulating error is the loss business.gov.au names as "not achieving the results of a contract" and "mistakes, neglect or breaches of contract that result in a loss for your client". No regulator registers market researchers, so no law requires the cover of this class and where a research business must hold it the client's contract is what says so, as stated by business.gov.au, the Australian Government's business information service, checked on 3 November 2026.

Sources

General information only, not advice. OpenStream is not an insurer, not a broker and holds no Australian financial services licence. It does not sell, arrange or recommend insurance, and nothing here is a recommendation or a quote. Everything on this page is built from public sources - regulators, government bodies and the providers' own published material - each named and dated where it is used, so you can check it yourself. It does not take account of your circumstances. How OpenStream works · Corrections and complaints

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