HomeCareersSole TradersShould I use a broker?

Should I use a broker?

Insurance brokers provide you with advice, in a similar manner to your accountant or solicitor, which can ultimately help you protect yourself and your assets. This professional advice supports you to make a well informed decision.

A broker acts on behalf of you and your best interests. Insurance for providers who work with vulnerable people is complicated. A specialist broker who understands what a disability services provider needs can give you advice. 

Brokers charge a fee but this does not mean you will pay more. For example, if you don’t get good advice and you have to make a claim, the policy may not respond in which case you are self-funding or self-insuring these costs.

Defending a complex liability claim can be very expensive and if the court orders you to pay a settlement. Without the right insurance in place, you will have to find the money yourself which could result in you losing everything you have worked so hard for.

A broker will not only help you place the right cover, they will support you at claim time. Having a large broker in your corner when you need it and the right specialist broker who knows your industry makes a real difference.

A broker can assist you to take out cover for:

  • Public and Products Liability
  • Professional Indemnity
  • Medical Malpractice
  • Cyber Liability and Privacy Protection
  • Building and Contents
  • Business Interruption
  • Personal Income Protection
  • Motor Vehicles
  • Mobile Equipment
  • Travel

If you have employees, your insurance requirements and risks change. Your insurance broker can advise you on what Workers Compensation insurance is required in your state or territory. Management Liability or Directors and Officers insurance may also need to be considered and your broker will work with through you to ensure your cover remains up to date.

To the extend that any material on this page may be considered advice, it does not take into account your objectives, needs or financial situation. You should consider whether the advice is appropriate for you and review any relevant Product Disclosure Statement and policy wording before taking out an insurance policy.