Why use a broker?
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. Often it costs less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf.
What do insurance brokers do?
In a nutshell, an insurance broker trawls through a number of insurance companies to find the most cost-effective cover for your needs.
You and the broker chat about what you want your policy to cover and give them your details.
They then act as the middleman between you and the insurance company, and should look out for your best interests when presenting you with insurance deals.
In addition, insurance brokers act as your intermediary when it comes to claim time, and can communicate with both yourself and your insurer to speed up the claims process, and can take away some of the stress from calling and following up with insurers, ensuring that you can continue running your business while we handle the claim on your behalf.
Furthermore, insurance brokers stay on top of your current insurance policies by alerting you when you are due for renewal, and also shopping around your policy each year to see if there is a competing insurer offering better terms, a better premium, or both. Brokers can also amend your insurance policies on your behalf, and provide advice for additional cover that may be of benefit to you and your business.
Lastly, at Sphere Insurance Group, our brokers have over 200 Australian Insurers and Underwriters to choose from, to ensure that they can find the best possible coverage to suit your needs.