Why use an insurance broker?
Sometimes it pays to have access to an insurance expert who can spend time with you, review your unique situation, and provide advice and guidance on the type, extent and value of insurance needed to cover your assets. This is where insurance brokers come in.
Find out how much it costs to get covered.
What do insurance brokers do?
Insurance brokers are experienced professionals who act independently of insurers. They provide advice, source insurance quotes and arrange appropriate cover for you through one or more insurance companies.
When an insurance broker acts for you, they help by assessing your situation to develop an insurance package to suit your needs. This involves comparing the myriad of insurance options in the market, from a range of insurers.
An insurance broker works for you, not the insurer. They take the time to understand your business, personal situation and the risks you face.
Helping you understand your cover
An important role of insurance brokers is to ensure you understand what your insurances cover.
This is especially important for business owners who need to better understand the internal risks that can be transferred through business insurance and risk management planning.
Value for money
An insurance broker will ensure you get the right cover, at a competitive price. With access to the latest innovative tools that help them to find and compare insurance products, they are better equipped to find the best options for you.
Peace of mind
Brokers will also help you through the claims process, working with you to ensure you receive an efficient and fair settlement.
This means you have a claims advocate on your side and someone to help you through the process if you need to claim. And because they work for you, and not the insurers, brokers work hard to get the right claim result for you and your business.
Using an insurance broker may cost less than buying direct with an insurer because brokers have knowledge of the insurance market and have the ability to negotiate competitive premiums on your behalf.
What products do insurance brokers offer?
Insurance brokers generally offer a variety of personal and business insurance, along with a suite of associated products such as insurance premium funding.
Insurance brokers can also access products that may not be offered directly to the public. This is usually due to the complexity of the products.
How are insurance brokers paid?
Brokers generally receive a commission from the insurer on each policy they arrange on your behalf and may also charge a fee to you directly.
Is it worth getting insurance through a broker?
Using an insurance broker may cost less than buying direct with an insurer because brokers have knowledge of the insurance market and have the ability to negotiate competitive premiums on your behalf.
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