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Why use an insurance broker

Jun 24, 2019
Views: 4005

Business Insurance Small Business Insurance General Insurance

Why use an insurance broker? What a good question to ask when considering your insurance needs and the many different insurance alternatives that are open for you to consider.

So why use an insurance broker? Well, there are several good reasons to use an insurance broker and below we will outline a few.

Insurance Brokers work for you, the client, not the insurer.

In the world of insurance, an insurance broker works for the client who engages them. This means that the insurance broker is literally on the side of the client and working for the client. That is great news when you find a good insurance broker. An insurance broker with expertise in the specifics of your industry. You have an insurance professional that is working for you.

Insurance Brokers know the ins and outs of the different insurance products - they are the experts.

Insurance brokers are experts in insurance. It is the job of an Insurance Broker to know the details of what is included and excluded in various insurance products. This intimate insurance knowledge enables insurance brokers to know what will best align with a client's needs and requirements. With a good insurance broker, you can trust that the terms and clauses that may bamboozle, can be deciphered and understood.

Insurance Brokers understand the insurance claims process and can help you navigate it.

Making an insurance claim can be a daunting task. Do you have the right information, have you completed the forms correctly, what is the process that you should be following. At claim time, having an insurance broker to help navigate the path is a great benefit. Remember an Insurance Broker is working for you, not the insurance company, and so they work hard to get you the outcomes that your policy entitles you to.

Insurance Brokers can help you identify & mitigate risk in your business

Spending all day thinking about risk identification and mitigation across a myriad of clients, gives an insurance broker a unique perspective. Insurance brokers are well placed to help you manage risk within your business. Often Insurance Brokers can suggest process improvements and business changes that can both reduce the likelihood and severity of an insurable event occurring. So ask your broker for assistance and guidance beyond the insurance policies they recommend.

How do I find a good Insurance Broker?

Management Liability Insurance

Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business.

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Business Insurance

A business insurance pack can provide cover for your business premises and contents, against loss, damage, theft or financial loss from an insured interruption to the business.

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Business Package

Purchase up to six products under one Business Insurance Package.

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How do I find a good Insurance Broker?

Finding an insurance broker you can trust used to be hard. You can ask a friend or family member who they use and be, hopefully, connected to a good recommendation.

For more options Advisr brings together thousands of Insurance Brokers and enables you to find one you can trust. With Advisr, you can search by location, to find an insurance broker near you, or by specialisation to find an insurance broker with experience in your specific industry. Also, real customers can leave reviews on an Insurance broker, helping you to know what they are like to work with before you engage.

So why wait? Use Advisr today to find and connect with an insurance broker you can trust.

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General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Andy Jamieson, ABN 17 613 588 266