This note provides an overview of some of the general insurance issues in commercial transactions. It discusses the nature and type of insurances commonly required in commercial contracts, terminology used in insurance contracts, the statutory duties of disclosure and the duty to act with utmost good faith, the extension of the unfair contract terms regime to insurance contracts, what to think about when reviewing an insurance policy, how to make a claim and issues be aware of when making a claim. It summarises the issues to consider when drafting or assessing proposed insurance requirements in commercial contracts. This note also addresses basic information about insurance issues related to the 2019 novel coronavirus disease (COVID-19).