Benefits of Utilising A Business Insurance Broker

Business insurance is beneficial for all businesses, no matter what sector or category the business branch falls under. There are many reasons why a business may utilise a business insurance broker, such as to protect your business from a legal standpoint, from uncontrollable risk factors or to invest in the longevity of your business.

Commercial and business insurance can be difficult for some people to understand and wrap their head around the concepts and legalities involved. At First Choice Mortgage Brokers, we have a team of highly skilled commercial business brokers and small business insurance brokers that can assist with any questions or assistance you may need.

Here are some popular benefits of utilising a business insurance broker:

To protect your business from a legal standpoint

There are several types of business insurance that are available in Australia which are relevant to varying businesses depending on the nature and sector of the company. The types of business insurance include, but are not limited to:

  • Workers Compensation Insurance
  • Public, General and Professional Liability Insurance
  • Business Income Insurance
  • Commercial Property Insurance
  • Accident and Liability Insurance
  • Third-Party Personal Injury Insurance

Workers Compensation Insurance is compulsory if businesses have employees within Australia. Our experienced team of commercial insurance brokers at First Choice Mortgage Brokers can assist you in understanding what insurance and level of coverage would be beneficial for your business.

To protect your business from potential risks

Small business insurance brokers may be beneficial when kickstarting your small business. There are many uncontrollable risk factors that could impact a business, such as:

  • Natural disasters such as fires
  • Theft and damages to business property
  • Injury or accident for key person/s or employee of the business

Damage to business property can be covered through a specific type of business insurance which is property insurance. Property insurance can be taken out if you rent or own a commercial resident for your business and can help to protect your business against uncontrollable factors such as theft or damage to property.

There are some specific circumstances where the insurance level may not be applicable, so it is worthwhile going through requirements and level of cover with our experienced small business insurance brokers.

Invest in the longevity of your business

Business insurance is beneficial for any business to have to cover for the key person/s or employees within the business. Business insurance is commonly referred to as ‘keyman insurance’ for this reason. Business insurance is beneficial for the ongoing operations of your business in case a tragedy occurs, for example, a key employee or executive director passes or must take sudden time off work.

Business insurance varies in levels of cover, and this will depend on specific business requirements and needs. Generally, business owners tailor insurance to cover the 4 main types of risk insurance, which covers life insurance, total and permanent disability insurance, income protection insurance and critical illness/trauma insurance. Although, insurance can be tailored to cover any or all of these main areas of risk insurance.

Our talented team of business insurance brokers at First Choice Mortgage Brokers can assist you with tailoring coverage to suit your business needs, and can help you with the process of acquiring business insurance.

Are you ready to make the step to protect your business? Get started with First Choice Mortgage Brokers today!

Getting started with business insurance can be a tough decision for anyone. That’s why it’s essential to reach out to expert commercial insurance brokers if you need advice on the best insurance policies for your business or simply need a better grasp of insurance information and levels of coverage.

Our knowledgeable agents can provide you with insurance advice and can also assist you with saving money by combining insurance. For example, you can qualify for a business owner’s policy, including general liability and commercial property coverage.

First Choice Mortgage Brokers have over 30 years of experience in the Finance and Banking Industry. We are well-positioned to assist you with all your financial requirements. Our mortgage brokers can visit you at your workplace, home, or location of convenience to discuss your current situation and how First Choice Mortgage Brokers can assist.

From loans for small businesses, home loans, commercial insurance, investment properties, debt consolidation, personal risk insurance, life insurance brokers and everything in between, we offer all mortgage broker services for free! This ensures you can sit back and relax while we do the running around to find the perfect fit for you.

First Choice business insurance brokers offer services throughout all major capital cities, including Mortgage Brokers Sydney, Mortgage Brokers Melbourne, Mortgage Brokers Brisbane, Mortgage Brokers Adelaide, Mortgage Brokers Perth, and Australia.

Feel free to reach out to our First Choice commercial insurance brokers by calling 1800 111 455 or email First Choice Mortgage Brokers at enquiries@firstchoicemortgage.com.au to discuss business insurance brokers and any assistance you may require in accessing the commercial insurance application process.

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You can make an appointment with a First Choice Mortgage Broker consultants by calling 1800 111 455.

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