Steadfast Eastern Insurance Brokers in Melbourne

An insurance broker is a specialist in insurance and risks. A broker acts on behalf of his/her client and provides advice in the client’s interest.

A personal insurance policy is a type of insurance that provides financial security to an individual or family for events such as serious injuries or illnesses, loss of ability to work, total and permanent disablement or even death.

Buying affordable term life insurance coverage during your twenties is recommended.

As a general rule, consider between 20 and 30 percent of your projected annual gross sales as the baseline budget for comprehensive business insurance coverage.

A general liability policy for a startup or small busi­ness typically costs between $400–$750 annually. That means between $42 and $91 per month for startup business insurance. It’s not a huge price tag for the peace-of-mind you get. It protects your business from most basic legal liabilities and damages.

It’s wise to consider insu­ring your assets, your revenue streams, and your liabili­ties. If you’re running a small business, there are seven types of business insurance that you should consider.

1. Public Liability Insurance
2. Business Insurance
3. Professional Indemnity Insurance
4. Management Liability Insurance
5. Tax Audit Insurance
6. Business Interruption
7. Cyber Liability Insurance

Professional Indemnity Insurance protects you and your business against any claims for alleged negligence or breaches of duty arising from acts, errors or omissions in the performance of professional service.

The financial sector covers a wide range of activities including real estate, consumer finance (credit cards), banking, and insurance.

Commercial insurance is insurance for businesses. It covers businesses against loss, arising from things like damages to property or injuries to employees, and is commonly used to label core insurance covers like public liability insurance and employers’ liability insurance.