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It’s optional, but always good to have insurance just in case. You probably just need product liability. I can’t imagine much going wrong… but take for example someone sits on one of the chairs (if that’s part of it) which collapses and the owner breaks their buttocks… you would wish you had insurance in this case. By importing from overseas, you have 100% liability in case anything goes wrong selling in Australia and the manufacturer has no responsibilities for any damages (but you could sue them).