The world is changing and so is the way we buy Insurance. Following the initial impact of Direct Insurers the pundits were sounding the death knell for Regional Business Insurance Brokers. How wrong they were! Far from presiding over the death of the Regional Business Insurance Brokers the services provided by them and the expertise and help they offer have never been more relevant.
So what are the benefits of using Regional Business Insurance Brokers?
These are many and varied and some may not even be immediately obvious to the Insurance buying public and are set out below:
- Many of these businesses are owner managed which means that the attitude towards service and customer satisfaction is given a very high priority. Very often this is evidenced by the Business Insurance Brokers setting out clearly for the clients specific service levels so that the client knows at the outset what they can expect throughout the Insurance Process, including should a claim occur.
- One major benefit of dealing with Regional Business Insurance Brokers is that they have a better understanding of the area in which you live or operate your business in and their advice will be based on that knowledge.
- The important thing with any Insurance is how claims are dealt with and by using Regional Business Insurance Brokers they are close to hand to tell you what you can claim for and to help you prepare your claim for submission to the Insurer. They will also negotiate with the Insurer should there be any disputes or queries during the claim process. If the claim requires a visit to the site of the claim regional Business Insurance Brokers can undertake this easily.
- How Insurance is originally set up, taking into account the specific requirements of the Insured and how their business operates is very important. All Insurances Policies are not the same and no two businesses are the same. Good Regional Business Insurance Brokers will take time to find the most suitable policy or policies for your specific needs. A major advantage of the Regional Business Insurance Broker is that he can meet with clients, if necessary to carry out a complete review of their Insurance requirements relating to the way the business operates and its specific exposure to risk. This facility is forms a major part of the Insurance programme planning for any business.
- It is a popular misconception that big is better when it comes to Business Insurance Brokers but this is not true. The expertise and experience often found within Regional Business Insurance Brokers is invaluable to any individual or business seeking insurance advice. This is often backed by the fact that many are part of a Network organisation which provides Regional Business Insurance Brokers with the purchasing power, Insurance markets and compliance and technical backup of a national broker, making them a very powerful force in the general insurance Broking market.
Regional Business Inurance Brokers are far from dead and in fact go from strength to strength and the future has never looked rosier for them.
To find out how regional business insurance brokers can help your business, contact us at Greenfield Insurance Services on 01489 579808.
Great article – To me a local broker adds 2 things. The first I use all the time which is the local knowledge and understanding of your business to make sure that you get the right cover.
The second thing I hope I will never have to use, when you need to make a claim – You know that your broker is going to have your best interests at heart and will ensure that any claim is a smooth and painless process.