When you’re a business owner, making sure your insurance policies protect your assets and your business are important and are often forgotten. There are times where the success or failure of your business can rest on whether or not you have the right insurance in place.
There are options on how you buy your insurance. You can purchase direct from an insurer or you can engage the service of a licensed insurance broker. Armstrong’s Insurance Brokers is a licensed insurance broker.
An insurer is a company which is licensed by the Australian Prudential Regulation Authority (APRA) to underwrite insurance policies. APRA regulates and monitors insurance companies to ensure that they manage their business in a way that can pay claims.
An insurance broker is a professional adviser who is an expert in risk and insurance. They must hold and Australian Financial Services Licence (AFSL) and meet a strict set of obligations.
There are pro’s and con’s to how you purchase your insurance. This comes down in part to how comfortable you are with your insurance knowledge and how much time you have available.
When you engage us as your insurance broker we ensure that we understand you and your business, manage your claims and ensure you are getting the best insurance cover possible.
Contact us and obtain an insurance quote when you’re ready to take the next step to discuss your insurance needs.