Doesn’t it make sense to cut out the middle man and go straight to the insurance provider? Or just do an insurance search online? No! Here’s 5 reasons why…
A good insurance broker will:
1) Help you understand, identify and manage your risk.
They can advise on regulations and requirements, security, fire safety, H&S, child protection and more.
Individuals and small businesses and charities often don’t have the resources to employ experts in these fields, so we become an invaluable part of your team. This helps protect your assets, keeps you on the right side of the law as well as meeting and understanding your responsibilities.
2) Have access to a vast range of insurance products.
A broker has the knowledge, expertise and access to find the right insurance provider and product for you – no need for you to trawl blind through a myriad of insurers and their products. Nobody’s got time for that! (Except us, of course!)
3) Makes sure you get a plan that suits your needs and budget.
Direct insurance providers may have to shoehorn you into a product that doesn’t exactly meet your requirements. These might miss some covers that are important to you while providing extra elements that aren’t appropriate for your needs. A broker will make sure your product protects you in the ways you need and expect, without superfluous cover that wastes money.
4) Represent you in a claims settlement.
A broker works on behalf of the client, not the insurance provider. In the event of a claim, you will have professional support to guide you through the process and get the best result for you.
5) Offer you real value for money.
With all this on offer, a lot of people think that using a broker must be the expensive option. That’s not true! Research by Riskheads shows that products purchased through a broker are often cheaper, as the value of a broker’s advice and guidance means the risk to the provider is minimised. Advertising costs, which are often quite significant for direct insurers, are significantly reduced when using a broker, so this also has an impact.
We would say that the greatest value of an insurance broker is our expertise and knowledge, which makes sure our clients not only feel peace of mind, but have peace of mind. We’ve all heard horror stories of people who paid their insurance premiums year after year, only to be disappointed and out of pocket in the event of a claim, when it turned out their cover wasn’t adequate after all. If you want your assets to be properly protected, it makes sense to have an expert’s help, don’t you think?
Talbot Jones Risk Solutions is a family-run community-focused commercial insurance brokerage. Based in Gateshead, we work nationwide, specialising in working with start-ups, not-for-profits and professions. Get in touch if you’d value risk management advice, a free insurance review or a quotation.