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Why going to a broker for your business insurance needs could be the best option...


Firstly, what is an Insurance broker?

An Insurance broker is a professional firm regulated by the Financial Conduct Authority (FCA) whose prime purpose is to help customers find suitable cost effective insurance protection. Brokers can give advice on numerous issues including support in the event of a claim. Brokers are the agent of the client; they represent the client's interests.

Source BIBA (British Insurance Brokers Association)

Below are just some of the reasons why going to a broker for business insurance might be the best option:

Buy What You Need: When using comparison sites, you are usually buying generic off the shelf products which may include cover you don’t actually need…. or worse still not give you cover that you do need it. Brokers can help point out the types of cover available and get you the cover that you specifically need for your business.

Find a Specialist Provider: On comparison sites you might not find cover for things like income protection for example, or critical illness – cover that that needs to be tailored to suit your individual business needs.

Taking Care of your Claims: If you have ever made a claim before, you will understand how arduous and time consuming it can be it can be. A good broker will help you through every step of way. They speak the insurers language. They will also speak to loss adjusters and claims departments and do as much as possible for you so you don’t have the hassle and worry

Expert Guidance: Like comparison sites, they get paid commission by the insurance provider for selling their products so you don’t pay them a fee for shopping around to get you a good deal. Unlike comparison sites they have specialist expertise and can give you guidance on the products that best suit your needs.

At Woodward Markwell Chartered Insurance Brokers we pride ourselves or delivering excellent customer service, ensuring that our clients needs are at the forefront of our business. We ensure our clients get the right level of cover in place to meet with their own specific business needs. In the event of a claim we go above and beyond to ensure the clients have all the advice and guidance they need to help them through the process from start to finish.

If you are looking for business insurance or are coming up for the renewal of your current policy, do give us a call on 01473 408408.