Why use a broker?
Insurance is complex, particularly in the commercial arena. It is crucial to the success of your business that you have the RIGHT cover should disaster strike. Using an insurance broker could be the best decision you make for your business' bottom line. Brokers work for you not the insurance companies and can advise what is best for YOU, not the insurers. Consequently, the policies you chose in conjunction with a broker will ensure you are only paying for the cover you actually need, negotiated to suit your budget.
Just like an accountant or lawyer who provides you with professional advice, based on years of training and experience, a qualified broker can do the same with your insurance.
A good broker will be aware of the benefits, exclusions and costs of competing policies on the market. They will also help arrange and place the cover and can often provide advice on how to make the most of your insurance budget.
Insurance brokers are trained, regulated and monitored by ASIC to ensure you receive the most accurate, appropriate advice for your needs.
When arranging insurance without dedicated professional advice, many people take shortcuts and fail to understand the policies they are purchasing. Often they are disappointed when their insurance doesn't respond as they had believed in the event of a claim.
Going direct to an insurer may appear to be cheaper on the surface but you need to consider your level of risk and insurance carefully. A broker can guide you through the process, from enquiry all the way to satisfaction of a claim, should the need arise. Understanding the vast range of products on the market and the processes involved requires a lifetime of learning so save yourself the time and effort to focus on doing what you do best - running your business.