Are you confused about all the nuts and bolts behind your insurance needs? You’ll need the help of an insurance broker to find the right cover.
Why You Should Hire Insurance Brokers
Should you hire insurance brokers? Are their services worth it?
People and organisations trust an insurance broker to find the appropriate insurance cover and help them understand insurance requirements to get the right broker.
The broker’s duty and obligation are to prioritise your best interests and help you find the best professional indemnity insurance, cyber insurance, business insurance, public liability insurance, management liability insurance, and so on.
Fortunately, Brisbane and the rest of eastern Australia have many highly trusted insurance brokers. They help a company identify the risks it faces and then leverage its extensive relationships with insurers to provide several options for the company to review based on its business needs and budget.
An insurance broker can shed light on all the intricate details of different insurance policies, how they work, their benefits and downfalls, and the associated costs. With this valuable insight, you can make an informed decision about which policy is right for you.
We have listed some of the best insurance brokers that have been proven to save businesses time, money, and worry. Without further ado, here are the insurance brokers that can work on behalf of their clients.
1. East West Insurance Brokers
Since 1984, East West Insurance Brokers has provided business insurance advice for those who need a comprehensive solution. Your company may need help finding insurance, or it may have complex risks that require specialised expertise. They can partner a company with a broker who has the relevant knowledge and its best interests in mind.
With East West Insurance Brokers, businesses can rest assured that they are in professional hands. They have strong relationships with a network of insurers that have helped them build a reputation as a trusted and reliable brokerage.
Address: 19 Rosedale St, Coopers Plains QLD 4108, Australia
Phone: +61 1800 809 132
Website: eastwestinsurance.com.au
2. Guard Insurance Brokers Brisbane
Guard Insurance Brokers is a boutique brokerage specialising in insurance solutions for businesses of all sizes. Founded in 2008, their mission has always been to deliver exceptional advice and service to their clients.
For over a decade, they have worked hard to build strong relationships with insurers and underwriting agencies in Australia and internationally. Additionally, they understand the claims process, policy coverage, features, and benefits as insurance professionals. Their insurance brokers have years of industry experience, so a company can rest assured that they are in good hands.
Address: 915 Ann St, Fortitude Valley QLD 4006, Australia
Phone: +61 1300 167 143
Website: guardinsurance.com.au
3. Ausure Insurance Brokers Brisbane
Ausure is one of Australia’s largest insurance broking and advice companies, with more than 330 authorised representatives. They pride themselves on providing good old-fashioned “service” that is local to businesses and personal in its approach.
Their teams at Ausure understand the nuances of these differences and how to present a risk to the insurance market effectively. Insurers have different risk appetites, and if they are attracted, they can offer better pricing and the best cover.
They know their clients want risks to be adequately and securely covered at a good price, so they develop strong working relationships with insurers with a healthy professional appetite in every industry across the country.
Address: Level 25/324 Queen St, Brisbane City QLD 4000, Australia
Phone: +61 7 3319 5100
Website: ausure.com.au
4. Consolidated Insurance Brokers
Save time and effort by working with a broker who keeps you informed and educated, giving you the freedom to grow your business and live your life without fear.
With over 15 years of helping Australians protect their livelihood, Consolidated understands the frustration of dealing with insurance companies. At Consolidated Insurance Brokers, their insurance offerings surpass those of direct insurers with comprehensive coverage, and they are surprisingly competitive.
They work for businesses, not insurance providers. Whether a company needs help getting tailored coverage or someone to advocate for them in the worst-case scenario, they are here to help. With CIB, businesses have access to a team of professionals focused on providing excellent, not just “good,” protection for the things that matter to them.
Address: 109 James St, New Farm QLD 4005, Australia
Phone: +61 7 3292 1111
Website: cib.com.au
5. Hunter Broking Group
The Hunter Broking Group was established in 2018 by Managing Director Josh Ryan. Within 18 months, Hunter Broking had become a recognised insurance brokerage in the western corridor of Brisbane, employing a team with over 50 years of collective insurance experience.
They consider themselves technical product advisors with extensive experience in corporate risk reviews and strategic claims management. They strive to build businesses on the right morals and ethics while always maintaining a high level of service, knowledge, and consistency. Their goal is to become Brisbane’s most successful and respected business insurance brokers.
Address: 19/10 Eagle St, Brisbane City QLD 4000, Australia
Phone: +61 7 3279 6592
Website: hunterbroking.com.au
6. Aviso Broking
The Aviso Broking team strives to give their clients the best customer service and general insurance advice possible, enabling businesses to save time and feel secure in their decisions.
Aviso is committed to making a substantial investment in technology and people so that their clients have greater access to insurance products, risk management solutions, and niche insurance schemes across the country.
Aviso provides an alternative solution to larger, established insurance brokers and is part of the Steadfast Broker Network.
Address: Level 4/154 Melbourne St, South Brisbane QLD 4101, Australia
Phone: +61 1300 908 404
Website: avisobroking.com.au
7. Alleviate Risk
With over 18 years of experience in the insurance industry, Morgan, as a business owner, provides the most relevant and up-to-date risk management strategies.
Alleviate stands strong with entrepreneurs, sharing in the joy of their victories and supporting them if their endeavors happen to miss the mark.
Entrepreneurs are thrill-seekers by nature, and the team at Alleviate looks to nurture this behavior to inspire and assist their clients in achieving greatness through taking risks, reaping the rewards, and setting the foundation to do it all again.
Address: Suite 1/92 Cleveland St, Greenslopes QLD 4120, Australia
Phone: +61731542860
Website: alleviate.insure
8. Brisbane Insurance Brokers
Brisbane Insurance Brokers is a locally owned and operated insurance brokerage that provides businesses with insurance and risk management services.
They take pride in ensuring their clients are adequately protected without overspending or underinsuring. They take the time to understand businesses, explain the policies, and ensure they are fully informed before making any decisions.
Transparency and trust are the key factors that drive their business; they are transparent with their recommendations and trustworthy with their expertise.
Address: 22 Strathwyn St, Brendale QLD 4500, Australia
Phone: +61 434 016 647
Website: brisbaneinsurancebrokers.com.au
9. TIC Insurance Brokers
TIC Insurance Brokers is a family-owned general insurance brokerage operating since 2000. They offer stress-free, easy, and professional options for all types of available insurance products. They aim always to be honest and reliable, with a customer-first mindset, leaving their clients confident that they can trust them with their business insurance needs.
They understand that insurance can be complicated and stressful. They will always be available and prompt in addressing any questions or concerns a client may have, accompanying them every step of the way.
Address: 3a/242 New Cleveland Rd, Tingalpa QLD 4173, Australia
Phone: +61 7 3823 6999
Website: ticib.com.au
10. Business Insurance Specialists
Business Insurance Specialists is a significant provider of insurance and risk solutions to private clients, small and medium-sized enterprises, and large businesses. This business is an insurance broker that provides advice, insurance, and risk solutions. They act as advocates for their clients when dealing with the insurance market.
With its HQ in Brisbane, Australia, Business Insurance Specialists have access to exclusive and tailored insurance products. Their strength lies in their capacity to provide a full range of services to their clients.
Address: Level 9/97 Creek St, Brisbane City QLD 4000, Australia
Phone: +61 7 3139 3900
Website: insurancespecialists.com.au
Frequently Asked Questions (FAQs)
What Does an Insurance Broker Do in Australia?
An insurance broker in Australia acts as an intermediary between clients and insurance companies. Their roles include:
- Evaluating the client’s insurance needs and risks.
- Providing advice on suitable insurance products from various insurers.
- Getting and comparing quotes to find the best coverage at competitive prices.
- Assisting with the insurance application process, policy renewals, and changes to coverage.
- Helping clients navigate the claims process, ensuring they receive fair settlements.
- Offering advice on risk mitigation strategies to reduce potential losses.
What Is the Difference Between an Insurance Broker and an Insurance Agent?
While there are many overlaps, some key differences make both brokers and agents different practices altogether. Check out these common differentiating factors:
Insurance Broker
- Works on behalf of clients to find the best insurance coverage from a range of insurers.
- Not tied to any specific insurance company, providing access to a variety of policies and options.
- Focuses on meeting the client’s needs and interests.
Insurance Agent
- Works on behalf of an insurance company to sell their policies.
- Typically offers products from a single insurance provider or a limited number of providers.
- Aims to meet the goals and targets set by the insurance company they represent.
How Much Do Insurance Brokers Charge in Brisbane?
Insurance brokers in Brisbane typically earn their income through commissions from insurance companies. Broadly speaking, this commission ranges between 10% and 25% of the base premium amount. For example, if the annual premium for an insurance policy is $1,000, the broker’s commission would be between $100 and $250.
In addition to commissions, some brokers may charge fees for their services, especially for more complex or specialised insurance needs. These fees can be flat rates, hourly rates, or a combination of both. You can discuss the fee structure with your broker upfront to understand the full cost of their services.
Final Thoughts
With the right broker as your partner, you can be confident that your insurance will effectively protect your business in case of a claim. Look for an insurance broker who will help your business to survive and thrive.
