Why Use an Insurance Broker?
Many people go to a broker when they are looking to secure funding for their business or new home, yet when it comes to insurance, they tend to go back to the same company.
Many people also believe using an insurance broker can be expensive. This is not the case, in fact, often it costs less.
As we have seen in recent years, often people can be left out of pocket when their insurance doesn’t cover them in times of need.
So, why should you use a broker when purchasing insurance?
Insurance Brokers find the best price for you.
Insurance can be overwhelming, and owners often take short cuts or don’t take a customised insurance type because they don’t understand the implications. It can also be difficult to know whether they have the correct policy – and they are skilled in negotiating the best products at the right price on your behalf.
They are experts
Brokers have years of experience and training to help provide you with professional advice and can assist by saving both time and money in researching the best insurance for your type of business.
They find the right product
They help to ease the stress of finding the right policy to suit your specific risks with an in-depth knowledge of the insurance market and policies.
A broker will explain your policy and highlight any situations that you should be aware of and is obliged to advise you of any fees and charges for any services provided, so there are no hidden costs.
If you are about to renew or reconsider your insurance, a broker can provide advice and assistance on selecting a policy which is specifically targeted for your business.
You will benefit by developing a close working relationship with your broker, who understands your needs and MyPubInsurance has the added benefit of having worked in the pub sector, so their agents know exactly the type of insurance you should be looking for.
Remember, an insurance broker’s first obligation is to you, their client. Brokers are not employed by insurance companies, and it is their duty to keep your best interests at front of mind.
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DISCLAIMER: Each business will have its own needs and policies are based on individual needs. There is no one size fits all. The information provided is for general information purposes only, and it is not a substitute for professional advice. You should always consider the PDS/Policy wording before making a decision. Coverage may differ based on specific clauses in individual policies. Refer to the FSG on our website or by requesting a copy for our services and remuneration details.
MyPub Insurance Pty Ltd endorses the Insurance Brokers Code of Practice. To obtain a copy of the code click here
