Smart Business Insurance vs Trade Risk

Victorian insurance broker arranging business insurance for small businesses, including tradies

Smart Business Insurance Pty Ltd is a Victorian insurance broking business whose ABN has been active since January 2013. As a broker it seeks quotes from the insurers it deals with regularly and places cover on the client's behalf, rather than selling one insurer's policy. Its financial services guide lists business packages, public and products liability, construction and plant insurance among the covers it arranges.

Pros

• + Advised broker that seeks quotes from several insurers on the client's behalf
• + Arranges a broad range of business covers, including public and products liability, construction and plant
• + Premium funding can be arranged to pay by instalments
• + In business since at least 2013 (ABN active from January 2013)

Cons

• − No confirmed public prices; premiums are quoted per client
• − Premium funding for instalments charges interest
• − Advice usually covers only the insurers it deals with regularly, not the whole market
• − Not a trades-only broker

Brisbane-based insurance broker for trade businesses, run by Trade Risk Pty Ltd

Trade Risk is an insurance broker focused on trade businesses, operated by Trade Risk Pty Ltd, a Queensland company registered in 2012 and founded by Shane Moore. Its website describes broking public liability, personal accident and tool insurance for tradies, with a focus on the construction trades. As a broker it quotes each business individually rather than selling cover off the shelf.

Pros

• + Broker focused on trade businesses, including the construction trades
• + Arranges public liability, personal accident and tool insurance
• + Operating since 2012, with a Brisbane office

Cons

• − No published prices could be checked: each policy is quoted
• − Ask which insurer underwrites each policy and whether a broker fee applies
• − Enquiry and quote process rather than instant online cover