What is Business Insurance, and why is it important?

Business insurance is essential for any company, regardless of its size or industry. It helps protect businesses from financial losses that may arise from unexpected events such as property damage, lawsuits, or accidents. 

Business insurance policies can provide coverage for property damage, liability claims, business interruption, and employee injuries. Without insurance, a single catastrophic event could lead to significant financial losses, even to the point of bankruptcy. 

Additionally, having insurance can help businesses establish credibility with customers and partners, who often require proof of insurance before entering into contracts. In short, business insurance is a necessary investment to protect a company’s assets, reputation, and long-term success.

Now that I have an understanding of what Business Insurance does and why it is important, why would I use an Insurance Broker? Why not just find insurance for myself online?

An insurance broker is a licensed professional who acts as an intermediary between individuals or businesses seeking insurance coverage and insurance companies.

Insurance brokers work on behalf of their clients, not the insurance companies, to help them find the most appropriate and cost-effective insurance policies to meet their needs. They gather information from their clients about their insurance requirements, assess their risk exposure, and shop around for suitable policies from multiple insurance providers. 

Once they have identified potential policies, they present them to their clients for consideration and help them evaluate the pros and cons of each option. Insurance brokers also provide guidance on policy terms and conditions, help clients understand their coverage, and assist with the claims process when needed.

In short, an insurance broker acts as an expert advisor to help clients make informed decisions about insurance coverage and find the best policies to meet their specific needs.

Why should I use Fortune Insurance Brokers as my insurance broker?

Fortune Insurance Brokers are committed to ensuring that we provide the relevant advice and guidance based on your expectations of us. We want to work with you to provide the level of support that you need. 

This means that if you only want the most affordable premium, we can look to provide that to you. Alternatively, if you are looking for risk managment and risk aversion strategies, and are looking for more personalised advice relevant to your objectives, financial situation and needs, we can provide that to you too.

At Fortune Insurance Brokers, we will work to meet your expectations, and we request that you let us know the level of service that you are wanting from us, so that we can meet your requirements.



Fortune Insurance Brokers is also a proud member of the National Insurance Brokers Association (NIBA), meaning that we abide by the NIBA Code of Practice (‘the Code’).

For more information regarding NIBA and the Code, you can click here to go to their website.

Furthermore, if you have been struggling to locate insurance due to the toughening insurance market, and you have found that no Australian insurer is willing to provide you with a quote, we have access to a network of global insurance providers, which allow us to approach international markets to find you the insurance that you are looking for. This is a facility that is not available to all insurance brokers.