Home and contents insurance adviser (work from home)

Insurers pay you commission. Clients usually pay only their premiums, though some brokers also charge a broker fee.

Commission on each new policy and on yearly renewals, shared with the licensee you work under. Income builds slowly as your client base grows.

• Clear explanations of cover and exclusions
• Sales and follow-up
• Careful record keeping
• Building trust with clients

• You generally can't sell general insurance without an Australian Financial Services licence or authorisation under someone else's, so check ASIC's requirements
• Check the training and ongoing compliance obligations set by your licensee and ASIC
• Professional indemnity insurance is usually needed, so check whether your licensee covers you or you must buy your own
• Rules on disclosure, conflicts of interest and how commission is handled, so check them before you advise anyone
• Income is slow to build at the start, so plan for months with little commission

Estimates suggest startup costs are typically around $2,000 to $8,000, depending on your arrangement with a licensed broker or network, your training and compliance needs, your insurance and your home office setup.

Estimated monthly revenue is typically around $1,000 to $5,000, depending on how many policies you arrange and renew. Income can be slow to build at the start, so plan for months with little commission.

You generally can't sell general insurance without an Australian Financial Services licence or authorisation under someone else's, so check ASIC's requirements. Also check training and compliance obligations, professional indemnity cover, and rules on disclosure, conflicts of interest and commission.