3 Reasons to Use a Small Business Insurance Broker

Insurance Blog

As a small business owner, you need to make sure that your business is adequately insured. While you may know the basics about business insurance, you may not have the experience yet to know exactly what kind of cover you need.

It can take some time to get up to speed on the business insurance market, but using a business insurance broker may help. Why is it a good idea to use a broker?

1. Tap Into the Broker's Experience

Business insurance brokers have expert and in-depth insurance knowledge that relates directly to your business. As well as ensuring that you get good general insurance, an experienced broker can also help you find specialist cover or add-on features that you might not know about yet.

For example, you may know about the general risks that you need to insure against, like fire, theft and damage. However, your broker has a broader scope.

Brokers understand other business risks that you may not have thought about, like business interruption or cyber-theft. A broker can help you build a full insurance portfolio that is tailored to your business and covers all potential risks that might be a problem.

2. Get Lower Insurance Costs

If you shop around for your own business insurance, you'll be able to find differences in premium costs as you look at different insurance companies. However, you probably don't have the time or industry knowledge to search all that widely.

Insurance brokers that work across the whole business insurance sector can help you find policies at a more competitive cost. They know which insurers will give you a good deal and which ones to avoid. They can introduce you to business insurers you may not have heard of before. This could cut your insurance costs.

3. Get Claims Advice

If you do need to make a business insurance claim for the first time, then you won't necessarily have the experience to deal with the claim effectively. If your broker can help you put in a claim, they can give you guidance on the process and tips on how to get the best pay-out.  

This help and advice can be useful. It could increase the money you get if you do need to claim for a business problem or insurance event.

If you're about to set up business insurance for the first time, you have nothing to lose by asking a broker for advice. A broker could save you time and money and make sure that your business is well protected.


27 December 2018

Insurance Considerations for New Parents

If you have a new baby on the way, you need to decorate the nursery and buy nappies, but you also need to review your insurance policies. Do you have enough extra health coverage? Do you have dental coverage? Do you have life insurance in case anything happens to you? Do you want life coverage on the baby? Those questions and many more are just of few of the issues you should consider before you have a baby. Hi, my name is Marni. Our family was recently blessed with the addition of a new baby, and I had to work though those questions as well. I want to make sure no new parents are under-insured so I decided to create a blog of facts and tips. I hope these posts help you.