Home-Based insurance agent

Insurers and product providers pay you commission. Clients usually pay through their premiums, sometimes with a broker or policy fee.

Commission on each policy sold, plus ongoing commission when clients renew. Income starts small and grows as your renewing client base builds up.

• Explaining complex products in plain language
• Building trust and following up with clients
• Careful record keeping and attention to detail

• Selling insurance usually needs an Australian Financial Services Licence or authorisation under one, so check with ASIC before advertising
• Qualification, training and registration rules differ for general and life insurance, so check which apply to you
• Professional indemnity insurance and what your licensee covers
• Commission can be uneven in the early months, so keep other income while you build
• Check whether your council requires approval for a home-based business

Startup costs are estimated at typically around $1,500 to $7,000, depending on your setup and what your licensee provides. Monthly revenue is typically around $800 to $4,000 as an estimate, depending on policies written, and commission can be uneven early on.

Selling insurance usually needs an Australian Financial Services Licence or authorisation under one, so check with ASIC before advertising. Also check qualification, training and registration rules for general and life insurance, professional indemnity cover, and whether your council needs approval for a home-based business.

Useful skills include explaining complex products in plain language, building trust and following up with clients, and careful record keeping. As an estimate, plan on at least around 15 hours a week, and keep other income while you build.