hi . am paying $1326/yr for business insurance (retail) with public liability ($10mil), burglary insurance ($10K) & fire through GIO insurance. Do you guys know of cheaper insurance companies with similar coverage?
Business insurance - cheapest out there?
erroorfree on 14/08/2013 - 13:15
Comments
+1 to using an insurance broker. I use these guys for my insurance: http://www.wgib.com.au/intertrade-insurance-services-pty-ltd.
I think the real benefit to using an insurance broker is not necessarily the money you save (although they have beat all of my existing policies), but more the advice on the types of insurance you require through their understanding of your business type.
I recently got a few quotes done, and I found CGIB to be the cheapest by far (http://www.cgib.com.au/).
Not sure if it included burglery and fire, but it was $10 million public liability cover for $585.
Let me know how it goes, I'm interested in finding the best value provider also.
ok thanks. ill check cgib out
Insurance is the need of today's lifestyle and the cheaper depends on the government policies, but at the instant Aussies enjoying the luxurious lifestyle having classic economic growth as with GDP .6% along with reducing taxes on many sector by Abbot as this helps many insurance companies like http://www.tradecoverwa.com/contact.html to provide cheap insurance cover according to your requirement.
Hard to compare business insurance because each business is different. We used an insurance broker like Oamps to help find a good value suitable insurance company.