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.