Public liability insurance is important business, large or small, dealing with the public. With so many cover options available, it can be confusing to choose a single policy. Brokers are available to offer advice and arrange cover for you, but why should you get a public liability insurance quote from an insurance broker instead of dealing directly with the insurer? See below
Benefits of using an insurance broker
Many businesses think that by “cutting out the middleman” and searching for insurance policies on their own, they can save money. In fact, brokers normally manage to secure a cheaper quote than communicating directly with the insurance company. This is because brokers are professionally trained in finding the most appropriate policies for their clients, so the risk of under-insurance and additional claims is reduced.
Comparing public liability insurance policies from different providers can be very time-consuming. Quotes must be obtained individually from each insurer, either by calling and speaking to a representative or by filling out a separate online form for each insurance company. A broker only needs to take the details of your business once and does all the hard work so you can just sit back and wait for the quotes to be sent to you.
Ensure your business is fully covered
Under-insuring is a common problem for many businesses, and this can result in a significant loss if you need to claim later. Qualified insurance brokers are trained to ask appropriate questions to make sure that your business is insured with a sufficient level of cover, while still keeping the premiums as low as possible.
Helps you stay up to date
In any business, the last thing you want to worry about is whether your insurance is up to date. A broker will keep track of when a policy is due to expire and contact you with plenty of time to renew the policy and make any needed changes. Insurance brokers also stay up to date with changing legislation and help to update your policies if needed, so you can rest assured your business will always be covered in full.
Your broker is on your side in the event of a claim
If you do need to make a claim on your public liability insurance, your insurance broker will work on your behalf to communicate with the insurance company and helps to ensure quick and full settlement of your claims. If you have any problems with your insurer they can also act as your advocate and provide you with support and advice.