What is a broker?

An insurance broker is a professional insurance adviser whose sole responsibility is to work for you – the insurance buyer.  As our world becomes more complex, the risks we all face seem to grow daily and increasingly need to be protected.  An effective insurance program is essential to business and community life.  Just as you call on a lawyer or accountant for assistance in their areas of expertise, so a professional insurance broker can help tailor the best policies to suit your needs. 

A broker’s job is to provide you with the most comprehensive and appropriate protection to suit your requirements.

When arranging insurance many people take shortcuts without seeking proper advice, understanding the fine print or considering whether they are getting value for money.  Often they are disappointed when their insurance doesn’t come to the rescue.

Whether it’s home, car or business insurance, brokers provide advice, and assistance to make sure you are properly protected.

Brokers have access to many different policies because they deal with a range of insurance companies.  A professional insurance 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 provide advice on how to make the most of your insurance budget.

Using a broker doesn’t necessarily cost you more.  Often it costs less because they have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf.  A broker will also explain your policy and any special situations you need to watch out for.  Furthermore, a broker is obliged to advise you of fees charged for services provided to you.

Insurance brokers can assist in arranging insurance policies for individuals, families and just about any type of organisation in commerce and industry