25/04/2017
Why Use A Broker?
In personal and business matters, the correct insurance is vital. Wrong or inadequate protection can lead to disastrous consequences for individuals, families or businesses. The right advice makes all the difference and prevents costly mistakes.
Insurance brokers are specialists in insurance protection. They are independent, have an indepth working knowledge of the insurance market, are able to provide professional objective advice on identifying risks and exposures, and recommend cost effective solutions.
An insurance broker is an independent professional adviser who acts for you.
Who Is The Broker Working For?Insurance brokers are instructed by you, and at all times, act on your behalf. They are not agents of the insurance company. Their independence ensures that you benefit from the convenience, knowledge, choice, innovation and their high level of professionalism:-
CONVENIENCE – A broker can arrange all the insurance and risk protection you need. Probably only one meeting is necessary to identify your needs, and he or she can develop a comprehensive insurance proposal for you.
KNOWLEDGE – A broker has daily contact with many insurance companies, and knows where to obtain the best insurance protection at the best cost.
CHOICE A broker deals directly with most insurance companies, and can present your risks in the most effective way. He or she can canvass the market to obtain competitive terms and costs, and then suggest a contract which best fits your needs.
INNOVATION Many brokers are now helping their clients reduce risks through modern risk management procedures and systems, thereby reducing their dependence upon insurance, with considerable cost savings.
PROFESSIONALISM All major insurance brokers are members of IBAZ and are bound by its Code of Conduct, professional standards and ongoing educational requirements. IBAZ sets standards for their financial security, and has a Code of Conduct covering professional service and expertise.