Why You Should Use an Insurance Broker

As a business owner, getting a good insurance cover for your venture is one of the most important decisions you can make. The right policies will protect your business from third-party claims, accidents, injuries, natural disasters, theft, and more. This will give you peace of mind and help you avoid paying out of pocket if the worst happens.

Finding the right insurance for your business can be a difficult, time-consuming process, but an insurance broker will make it all so much easier – and prevent unnecessary costs.

So, take a look at the many reasons why you should use an insurance broker today.

They’ll Find You the Best Product

An insurer may not offer you all the policies they have when you work directly with them, which can limit your choices. Brokers, on the other hand, can identify the right product for your business and help you get exactly what you need.

You’ll have to supply your broker with information about your business and any other covers you may already have, for example, so that you can get the best deals. Brokers can also help you compare policies and see which one is best suited for you.

You’re Getting Knowledge

When you engage the services of an insurance broker, you get access to a large pool of knowledge and expertise. They’re market experts capable of finding the best policies for your business. What's more, a broker will also be able to find you the best prices, so you’re not paying more than you need to.

This can be a great advantage when shopping for more niche or specialist products that you don’t know much about as well, since brokers will use their considerable knowledge to advise you on the best policies and will easily find them for you.

Client consulting with an insurance broker

You Benefit from Impartiality

Working with insurance brokers means you get all the information on a cover, which doesn’t tend to happen when you work directly with an insurer. They're there to sell a specific product and may not make you aware of loopholes or ensure you get the lowest prices.

A broker will be honest with you and provide you with the necessary explanations you need to know to make an informed decision.

Brokers Know Insurers

Another reason why choosing an insurance broker is the right option for you is that they have a relationship with a selection of insurers. This allows brokers to access countless markets and to provide you with better deals and lower prices. As insurance experts, brokers understand insurers and communicate clearly with them, so it’s easier to find the best cover.

Additionally, as mentioned, brokers can get you specialised covers, such as income protection insurance. You can get a cover that is tailored to your business and individual circumstances, and the broker will know exactly who to speak to to do it.

Using a broker when you need cover for expensive items, for example, is also advantageous because of the relationships that brokers have with insurers.

It Frees Up Your Time

There's no denying that hunting for insurance takes time away from running your business, not to mention how much effort you have to put into the process. By using a broker instead, you don’t have to worry about spending hours researching insurance and can use it to focus on your business instead – or spend some quality time with your loved ones.

Your Claims are Backed

If the worst happens and you need to make a claim, working with an insurance broker can be a huge help. Not only do brokers understand all the ins and outs of the insurance policies, but they can also communicate with third parties (like claims departments) on your behalf.

They can also keep an eye on the whole process and ensure your interests are protected. Having a claim made against you can be stressful, especially when there’s a lot of money on the line, so the help and advice you can get from a broker is priceless.

two people discussing insurance

How IC Insurance Can Help

As insurance brokers in Bolton, we take care of everything for you, so you don’t have to worry about any admin. We'll search all companies to find the best quote for your business while still providing you with a great price, ensuring you’re paying just the right amount.

Not only do we employ insurance experts with many years of experience, but we’ve also built great connections and relationships with insurers in different markets. This allows us to provide you with a personalised cover.

We can offer a vast range of policies, including specialised covers, and our process is quick and easy because we understand that time is of the essence when you’re a business owner. From safeguarding your property against on-site accidents to helping you protect your income, we can help.

We offer a FREE, no-obligation quote and will come back to you within 24 hours on business days, so you don’t have to wait long to get a reply!

Please send us a message by filling out our online form, call us on 01204 565600 or email us on info@icinsurance.co.uk to learn more about our services and products.

We are a team of experienced insurance
brokers working together with our customers to understand and fulfil their insurance needs.
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