Insurance brokers operate on behalf of their customers. Insurance brokers understand both the potential risks that an individual or business may face and also the various insurance policy options and insurance providers that exist across the market.

Insurance brokers can help customers with hard to place risks to find an insurance provider that can meet their needs.

Insurance Brokers work for the customer and are independent of the insurers that they engage with on behalf of their clients. Insurance Brokers work for their customers and have their customers' best interests at heart. Insurance Brokers do not work for the insurer. Insurance Brokers help their clients to find and source available insurance that matches their needs and requirements.

With almost 4000 Australian Insurance Brokers on Advisr, Advisr is the best place to find an insurance broker right for you. Asking for recommendations from others in your industry or area is a good place to start in looking for an insurance broker. You can search for that insurance broker on Advisr by name.

You can also search for an insurance broker by the type of insurance you need (insurance category), by your industry or by location depending on what is most critical to you. You can learn more about what a broker is like to work with by reading customer reviews left on Advisr. Educating yourself and reading articles by insurance brokers that explain different insurance lines, or dissect exposure to risk in different industries also helps you to find and select an insurance broker that understands your business or personal risk. We have hundreds of articles on Advisr to help you understand your insurance needs and find an insurance broker right for you.

Insurance brokers help clients to reduce their risk by sourcing and matching their clients with appropriate insurance products. Insurance brokers work for their customers. Insurance brokers focus on understanding their customers' risks and exposure and their insurance requirements.

Key Man Insurance or more often called Key Person Insurance, is insurance that provides financial protection against lost revenue , profit and overall value of your business if a key person should experience a major illness, injury or even death.

Key man insurance covers important assets within a business, specifically focused on your employees, against the death or incapacaity of a key employee. Often key employees are executives or partners within a business or organisation.  

All sizes of business can utilise Key Man insurance to reduce exposure and impact from losing a key person from the business.

Key man insurance covers a business for the loss a key man or person from the business. It provides financial coverage for the impact to revenue, profit and the businesses capital value if a key man is unable to continue to work with the business due to illness, incapacity or even death.

The cost of a Key Man insurance policy is determined by a few factors. These factors include, but are not limited to:

Age of the key man being covered.

Level, size and scope of the insurance coverage required or desired. 

Level of contribution of the individual to the business.

Uniqueness of the individuals abilities and skills.

What is key to remember is that the cost of Key Man Insurance is often a function of the coverage being provided, so cheaper Key Man Insurance may not always offer the same levels of coverage as more expensive alternatives. You want to consider your coverage requirements first, and then seek to find and determine the costs associated.

Using an Insurance Broker for your Key Man insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Key Man insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer.

So whether it's loss of existing contracts, repaying a loan the key person has made to the business or loss of detailed knowledge/expertise necessary to run the business, your Insurance Broker can assist you to be covered.

Advisr has 160 insurance brokers and 34 insurance brokerages specialising in Key Man Insurance. To find the right insurance broker who specialises in Key Man Insurance, check out this page for specialist Key Man Insurance Brokers.

• Read real customer reviews to learn more about them
• Educate yourself about Key Man Insurance by reading articles written by insurance brokers that explain Key Man Insurance
• Ask friends or colleagues to refer their Key Man Insurance broker to you and look them up on Advisr to read their reviews and connect with them.

Advisr is built to help you understand your insurance needs and find an insurance broker that is right for you.

Professional Indemnity Insurance is insurance for professionals who provide advice or services to their customers. Professional Indemnity Insurance, sometimes called PI Insurance, protects consultants, contractors, businesses and professionals from the financial loss associated with any legal costs or claims that may arise during your engagements with clients.

Professional indemnity insurance covers professionals, contractors, consultants and businesses from financial loss associated with the advice or services that they may provide.

Claims that are covered may include for unprofessional advice, failure to deliver to the required level of skill or for a breach of professional duty that may have occurred.

Professional Indemnity insurance costs are determined by a few key factors. Some factors include:

Size of turnover in your business.

Type of business you operate.

The industry that your business operates in.

Your claims history and business background. 

Professional indemnity insurance is important and when it comes to cost of your professional indemnity insurance what is key to remember is that the cost of Professional Indemnity Insurance is often a function of the coverage being provided. Cheaper Professional Indemnity Insurance may not always offer the same levels of coverage as more expensive alternatives. You want to consider your coverage requirements first, and then seek to find and determine the costs associated.

Using an Insurance Broker for your Professional Indemnity insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Professional Indemnity insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer.

So whether it's provided inadequate advice, services or designs that cause your client to lose money or allegations of professional negligence, your Insurance Broker can assist you to be covered.

Small Business Insurance is insurance designed to cover small businesses and their particular needs. Sometimes Small Business Insurance may be called a business pack. 

Small business insurance may package or bundle together a few different types of broad insurance coverage into one package. A Business Pack may be more cost-effective and more efficient than a small business buying multiple different policies.  In short, an SME business pack can enable a small business to get insurance coverage for most of their business needs in one package.

Small business insurance may include coverage for:

• Business interruption insurance
• Professional Indemnity
• Public Liability Insurance
• Asset Protection: For motor vehicles, your operating premise, the goods that you store. 
• Cyber Insurance - although it can be worth considering a specialist Cyber Insurance policy to better align with your requirements. 

Small Business Insurance may include coverage for the following insurance areas:

• Business interruption insurance
• Professional Indemnity
• Public Liability Insurance
• Asset Protection: For motor vehicles, your operating premise, the goods that you store. 
• Cyber Insurance - although it can be worth considering a specialist Cyber Insurance policy to better align with your requirements. 

Depending on your coverage requirements for your small business. It is worth considering your legal requirements for operating and the risks that are specific to your business. To better understand what risks you might face and what insurance policies may help to provide coverage, please consider engaging an Insurance Broker. 

Small business insurance costs vary depending on a few key variables:

• Level of cover being sought.
• Type, size and nature of the business that is looking for small business insurance cover.
• Claims history for the business.
• Inclusions and exclusions on the policy being sought.
• Industry trends for the sector and location of the business

What is key to remember is that the cost of Small Business Insurance is often a function of the coverage being provided, so cheaper Small Business Insurance may not always offer the same levels of coverage as more expensive alternatives. You want to consider your coverage requirements first, and then seek to find and determine the costs associated.

Using an Insurance Broker for your Small Business insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Small Business insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer.

So whether it's property damage or personal injury, accidental damage to, or theft of business property, your business vehicles or management liability claims, your Insurance Broker can assist your small business to be covered.