Local small business insurance agent

Insurers or your licensee pay commission. Business owners pay premiums, and some brokers also charge a small fee, which you would need to check is allowed.

Commission on new policies and renewals, often higher premiums than household cover. Referrals from accountants, bookkeepers and trade groups can bring repeat work.

• Building trust with business owners
• Understanding business risks
• Networking and follow-up

• You generally need to be authorised under an Australian Financial Services Licence, check ASIC's current requirements first
• Professional indemnity and public liability insurance, check what your licensee provides
• Giving poor advice can harm clients, so be clear on what each policy does and does not cover
• Commission varies between insurers and may take months to build, so plan your cash flow
• Disclosure rules around commissions, check with your licensee and ASIC
• Car costs and time spent on unpaid quotes and visits

Startup costs are typically estimated at around $1,500 to $6,000, depending on your vehicle and travel needs, marketing, and what your licensee provides. Treat this as an estimate and check what support your licensee offers.

Monthly revenue is typically estimated at around $800 to $4,000, depending on how many clients you sign and the commission rates of the insurers you use. Commission may take months to build, so plan your cash flow.

You generally need to be authorised under an Australian Financial Services Licence, so check ASIC's current requirements first. Also check what professional indemnity and public liability cover your licensee provides, and the disclosure rules around commissions.