We’re often asked, why do we need an insurance broker? Are we better off using an insurance broker? Or should we go it alone?
And our answer is, we’ll save you time and money, so you only pay for the insurance you need.
Recently, National Insurance Broker Association (NIBA) worked with Deloitte to research the value of an insurance broker.
The report found the benefits to clients are many, with brokers helping access a broad range of offerings, understanding risk, and dealing with claims.
With more than half of clients confirming they have a good deal on insurance or save money on premiums by using a broker.
“The prevalence of broker use throughout the economy and across all types and sizes of businesses speaks to the value that organisations place in them,” NIBA CEO Dallas Booth said.
Deloitte Access Economics Partner and report author John O’Mahony, says insurance broking is a complex business.
“Insurance broking is not as simple or transactional as walking into a store and buying a good,” he said. “It is a relationship-based business that involves up to 10 pre-sales and post-sales services and creates many sources of value.”
As you can see, there are many great benefits to working with an insurance broker rather than going it alone.
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The report showed getting help from an insurance broker can be valuable.
1. Saves you time and money.
2. We help you understand how it works so you get the cover you need.
3. You’ll understand the big picture – the risks you face, how to minimise, or how to manage them.
4. If you need to claim, insurance brokers take care of it for you.