Business Insurance Planning Pty LTD

an insurance policy is a legal contract. the two parties to the contract are the insurer (an insurance company or underwriting agency) and the insured (an individual, partnership, company or other legal entity) both parties are expected to be truthful and honest with their dealings between each other. an insurance broker is an intermediary required to act in the best interests of their clients who are predominantly the insured parties. the broker's role is to assist their clients to put in place insurance policies which are relevant to their client's needs. the general public as a rule do not have in depth knowledge of how insurance policies operate and the nuiances involved with them. brokers are expected to have a sound understanding of the principles of insurance law and enhance their knowledge regularly by attending training on the products that they are handling. brokers are usually paid a brokerage which is generally a percentage of the insurance premium for placing a policy with