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.

Insurance Agents work for the insurance company that they represent. The Insurance Agent is aligned to the insurer whose policies they represent and sell. An Insurance Agent is not independent from the insurance company that they represent.

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.

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.

Liability Insurance provides coverage from Financial Loss if your actions, you are negligent or the condition of your property has caused another person to be killed or injured, or their property has been damaged or destroyed or if another person suffers loss due to reliance on your advice or services provided.

Liability insurance takes three forms:

1. Public liability
2. Professional liability
3. Product liability

Liability products are most commonly taken out by businesses for risks involved in their day-to-day operation, but they are also built into many property insurance policies, for example liability cover in home and contents insurance.

Liability insurance typically covers two key financial risks that a business may be exposed to when it comes to liability:

One is the legal cost of defending a liability claim made against you.

Second is the compensation that you may be required to pay to wronged or injured party if proven you were liable. In addition, sometimes, court costs for the other party are required to be covered.

The cost of a liability insurance policy can vary greatly and depends on the unique make-up of your business as well as the extent of coverage you opt for. This includes consideration of your business revenue and size, what activities your business engages in and the risk profile of those activities, where your business is located, what you want to include or exclude from the policy, as well as the amount of insurance cover that you need for your business. Your insurance broker will be able to determine how best to cover your business for its risks, considering different insurers and looking for the most competitive price point.

Using an Insurance Broker for your Liability 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 Liability 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 accidental damage to a client's property, actions at work that injure a client or member of the public or failure of the products that you sell, your Insurance Broker can assist you to be covered.