5 Reasons Why You Should Use An Insurance Broker For Your Business

An insurance broker can save you time, money and worry. Just like an accountant or lawyer who provides you with professional advice, based on years of training and experience, our qualified brokers can do the same with your business insurance.

Regional Insurance Brokers offer more than just a service - they’ll provide an industry expert whose sole purpose is to give professional advice and act on your behalf, making the process of building a business insurance policy a whole lot easier. Today, we’ll be looking at a few important reasons why you should use an insurance broker for your business.

1. They’ll Offer You Industry Expert Advice

Whether you want to check that you have the right level of cover or want someone to explain some of the industry jargon, all you need to do is give your insurance broker a call. They have the expert knowledge to offer professional advice around your insurance and you can be confident that you have the right level of cover in place.

2. Having A Broker Will Save You Time And Money

Having an effective insurance policy in place is all about having high quality insurance cover, at the most competitive premium. The last thing you want is to be spending too much money on insurance cover which isn’t up to standard. Your broker will be able to save you money by finding you cost effective insurance which provides you sufficient cover in the long run.

They also save you time by doing the running around on your behalf. Regional Insurance Brokers are here to find out exactly what cover you need and liaise with a number of insurers to find insurance that’s right for you. With so many other things that business owners need to consider, insurance brokers take the hard work out, freeing up more of your time to run your business with confidence.

3. They Review Your Policy Regularly

When you’re a busy business owner, it’s easy to take insurance cover out and simply renew it year after year without looking at other options. After all, who has the time? However, if you don’t review your policy then you may be missing out on more cost effective or better quality cover.

When it comes to renewal time, your insurance broker takes the hard work out for you by reviewing your current cover to see if any changes need to be made. We’ll review any changes to your business over the course of the year - including any claims you made - and put together a proposal recommending the best option for you for the following year.

4. They Liaise Directly With The Insurer, So You Don’t Have To

Let’s be honest: when you’re busy running a business, the last thing you want to do is be on the phone all day to insurers to negotiate premiums or follow up on a claim. Our insurance brokers do all the liaison on your behalf and know exactly who to speak to so you get the right answer. Whether it’s speaking to an insurer about the technical details of a policy, advocating during a claim or asking specific questions, your broker will take care of these queries on your behalf. This means you have one point of contact rather than having to speak with different insurers about multiple policies.

5. Personalised Service Tailored To You And Your Business

One of the main advantages of using an insurance broker is that you can take advantage of the personalised approach that they provide. When you opt for cover through an insurer, you never know who you may be getting on the other end of the phone and you often have to repeat information to multiple people. Regional Insurance Brokers offer a single point of contact and they have a good understanding of your specific business insurance requirements, meaning they can tailor your policy exactly to the needs of you and your business.

How do we do this? Regional Insurance Brokers starts by carrying out a needs analysis to identify potential and existing risks to your business - taking into account any issues over the past 12 months. We’ll do research with the insurers, and present you with a personalised report recommending the best option.

For more information on how our insurance brokers can help you and your business succeed, get in touch.

Topics: Risk Management