Why you should use an insurance broker

June 26, 2017

Insurance is essential, we all know that. Your insurance protects you when things go wrong by providing a financial safety net and giving ultimate peace of mind. But what’s the benefit of going through professional insurance brokers? It’s easy to think that there’s no need for a middle man when it comes to insurance but the truth is that working with a broker provides a number of benefits.

Today, we’ll be looking at why it’s a good idea to speak to an insurance broker when it comes to your insurance.

Industry knowledge and experience

Your insurance broker is an insurance professional who acts on your behalf and provides advice. They have extensive knowledge of the insurance industry which means they understand what level of cover you require to cover your areas of risk. Their knowledge of the specific terms and conditions contained in various policies means they can decipher the inclusions and exclusions offered by the insurer. This means they can give a recommendation which suits your specific situation.

Your broker will be able to explain your policy to you and make sure you’re fully aware of any specific exclusions so you’re not caught out down track.

Saving you time and money

Although it can initially sound easy to take out policies direct with the insurer, when you’re spending your valuable time comparing various products it can quickly become time consuming and overwhelming. Even if a number of policies you’re looking at have the same premiums, there could be subtle differences in the fine print which make all the difference at claim time.

Your insurance broker takes the hard work out for you by comparing various products from multiple insurers to find the best insurance policies for your needs. They also have the connections within the market to negotiate a competitive price which can save you a lot of money and will review your policy regularly to see if they can find you a better deal.

Making the claims process easy

Your insurance broker doesn’t just sign you up for your policies and leave it at that – they’re available to answer any questions you may have along the way and to guide you through the process come claim time. This means you don’t need to worry about dealing directly with the insurer as your broker does this on your behalf. All you need to do is let your broker know that you need to make a claim and they’ll guide you through the entire process. For more complicated claims, they can also advocate on your behalf to the insurer to achieve the best possible outcome.

Whether you need basic insurance for yourself or multiple policies for your business, going through a qualified insurance broker is well worth it.

If you’re looking for business insurance brokers, or assistance with any other form of insurance, GSK Insurance Brokers are here to help. We’re one of Australia’s leading insurance brokers with the passion and expertise to find you the best insurance policies at a competitive price.

For insurance brokers Perth, contact GSK Insurance Brokers today on 08 9478 1933.