Why You Should Use an Independent Insurance Broker

Purchasing business insurance is surprisingly one of the most important decisions a business can make. Your most valuable asset is not the products you sell, or services you deliver, it is your employees who are responsible for keeping the cogs turning. Therefore protecting them in the event of an incident is critical to the success of any business.

However, the process of obtaining insurance can be more complex than you might have previously assumed. Insurance types vary significantly and shopping directly can be a very daunting and confusing process. There are many variables to consider when choosing the right insurance for your business, from the type of insurance, such as private medical insurance, to the risk factors that may affect the final cost. An insurance broker is a highly trained professional, with experience in finding businesses and individuals the best and most cost effective insurance plans.

Here are 5 reasons why you should use an independent insurance broker:

1) Expert advice

Taking advantage of an insurance broker’s knowledge and experience can make the process of finding the right insurance for you easier and free from unnecessary insurance costs. They have access to the most up to date insurance policies and can help point out critical things to consider when getting a new insurance plan.

2) Accuracy

As an independent insurance broker is an expert in the insurance market, they have a talent for finding you a policy that best suits your needs. Often, shopping directly fails to show you cover for exactly what you want or need. A broker will also be able to tell you what you may already be covered by with any existing policies you have, so that you avoid overlapping policies.

3) Impartial

An independent insurance broker is impartial as they serve you as their client, rather than representing the insurance company. This means you as the customer are put first, so your needs and budget are met. Most of the time, brokers will be paid from commission by the insurance provider, rather than charging you a fee for them finding you the best deal.

4) Save time and money

Getting insurance by ‘going direct’ is often confusing and time consuming. What’s more, cutting out the middleman is not always cheaper. Insurance brokers are equipped to find you insurance at the best value for money and as they do not take a fee from you as the client, you can be sure to score a good deal. Additionally, they have access to special broker pricing as the risk for the insurer is lower. If your business uses an insurance broker, you will likely be presented as lower risk due to the broker’s ability to evaluate business.

Brokers take all the stress and complexity out of shopping for insurance. They will do all the work for you, and you can have peace of mind that you will be covered correctly. They will also continue to manage your insurance afterward.

5) Tailored cover with a personal touch

Using an independent insurance broker provides you with a bespoke service. Comparison sites will not offer cover that is highly suited to your needs, like income protection or critical illness. Having an independent insurance broker will allow you have this tailored cover.

The benefit of using a broker is that they are pro-active and offer a human service to their clients. Brokers are informative so you will have a clear idea of the level of cover you are being offered. You will not need to worry about reading the small print of complicated policies because this will all be explained to you by a trained professional. Access to specialist insurers means you will have insurance that is not readily available on the direct market, so speaking to an expert will help you get a personalised insurance plan.

Berwick Devoil is a knowledgeable insurance brokers that provides you with a bespoke service in all areas from health to finance protection insurances. The Berwick Devoil team actively monitors the insurance marketplace to offer businesses bespoke employee benefits packages and individuals tailormade plans. So, whether you need cover on a corporate level, or just personal cover, Berwick Devoil offers a comprehensive rage of products to best meet your needs.

To contact us, please email enquiries@bdhl.co.uk or call 01892 891900.