IB Markets Helps Brokers Find Niche Business Insurance

IB Markets is here to quickly connect Australia’s insurance brokers with local underwriters offering hard-to-find commercial and business insurance products. There are three ways for you to search:

1. Use the search bar above. Select either company or coverage from the dropdown, then type and enter keywords to search our database of 1,200+ insurance products.

2. Explore our sorted business insurance categories to find a match for your client’s needs.

3. Visit our list of top business insurers—explore our exhaustive database of every niche provider you need to know about.

All the insurance forms you need

IB Markets exists to make finding and applying for niche business insurance products as easy as possible. We’ve done the hard work for you and collected thousands of business insurance product forms! They are available alongside each product and are delivered to you either as:

a form you can fill out in your browser

downloads you can fill out in your favourite PDF readers

a direct link to the provider’s page containing the forms

Information we provide

Every business insurance product we feature has information on:

Contact Information: An easy contact button, along with areas they service.

Lines of Business: All of the industries to which the product applies.

Contract Requirements: Indication of whether a contract is necessary.

Related Products: Similar products that might fit your client's needs.

Target Class: Businesses and individuals for whom the insurance is intended.

Forms: Access applications and fact sheets for your clients.

IB Markets For Insurance Underwriters

Underwriters of Australia: We want to hear from you!

IB Markets has a team of researchers working full-time to make sure that all our listings are as accurate as possible. However, we do give you the chance to work with us directly to make absolutely certain we have the right information the moment you decide it’s ready for the public.

Update Your Details to Stay Visible

For insurance underwriters who have found IB Markets: insurance brokers are actively searching for specialty business insurance—make sure they can find you! Keeping your IB Markets profile updated ensures maximum visibility, new opportunities, and the accuracy that every insurance broker—and their client—expects.

Contact
[email protected]
to update your profile today.

Maximise Your Exposure with Enhanced Listings

Stand out to insurance brokers actively searching for specialty business insurance coverage. An enhanced listing boosts visibility, increases leads, and positions your business as a go-to provider in this competitive industry.

Contact
[email protected]
to enhance your profile right now.

General Insurance FAQs

Should I shop around for business insurance?

Yes, looking around helps with finding the right coverage at a reasonable price. Reviewing policies regularly keeps businesses protected as they grow and face new risks.  

Finding affordable insurance is important, and working with brokers can streamline the process. They have access to many providers and can negotiate customised coverage for clients. 

 

Steps brokers can take to guide clients through the process  

 

  1. assess risks: understand the client’s industry, operations, and specific risks  

  1. research options: use broker networks to gather quotes from multiple insurers  

  1. compare policies: check inclusions, exclusions, and coverage limits for suitability  

  1. negotiate: secure discounts or personalised coverage on the client’s behalf  

  1. educate clients: explain policy benefits, drawbacks, and cost-saving options  

This proactive approach helps brokers support clients effectively. 

What three insurances are businesses required to have by law in Australia?

Australian law requires businesses to have specific insurance types to ensure compliance and financial security: 

 

  • workers’ compensation insurance: mandatory coverage for businesses with any number of employees, it covers medical costs and wages for work-related risks
  • public liability insurance: required in industries interacting with the public, it protects against claims for injuries or property damage caused by business operations 
  • third-party personal injury insurance: this is compulsory for trades using vehicles. It covers liability for injuries caused to others during accidents. This type of business insurance is included in vehicle registration fees

While not mandatory for all businesses, professional indemnity insurance may be required in regulated industries such as accounting, law, and healthcare. 

How much does business insurance cost in Australia?

The best small business insurance in Australia can offer the cheapest premiums:
 

Type of small business insurance Starts at
Public liability insurance $20 per month
Professional indemnity insurance $50 per month
Business property insurance $40 per month

 

These lower premiums offer basic coverage and may not suit all businesses.
Insurance brokers should assess each client’s needs to provide accurate, cost-effective business insurance rates. 

What insurance do I need as a sole trader?

Sole traders in Australia need insurance to protect their business and personal assets. Key types of business insurance for sole traders include: 

 

  • public liability insurance: covers claims for injury or property damage caused by business activities 
  • professional indemnity insurance: protects against mistakes or negligence in services or advice 
  • product liability insurance: covers claims for injuries or property damage from faulty or defective products sold or supplied by the business
  • Sole traders should also consider income and cyber protection, business equipment, or personal accident insurance to safeguard against various hazards.

What is the cheapest insurance for a small business?

The best small business insurance in Australia can offer the cheapest premiums:
 

Type of small business insurance Starts at
Public liability insurance $20 per month
Professional indemnity insurance $50 per month
Business property insurance $40 per month

 

These lower premiums offer basic coverage and may not suit all businesses.
Insurance brokers should assess each client’s needs to provide accurate, cost-effective business insurance rates. 

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