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Beyond Policies: What an Insurance Broker Can Do for Your Business

Value of an Insurance Broker
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In an ever-evolving market, it can be difficult to decide on the most appropriate cover for your business. Additionally, with so many options to choose from in terms of coverage, premiums, and policy terms, it can be overwhelming for business owners to determine the most appropriate cover for them. That’s where your insurance broker comes in.

At iNeedCover, we understand that cut-and-paste, one-size fits all policies won’t keep the lights on when the worst happens. Your broker is a real human, not an online bot! They will:

  1. Offer you professional advice,
  2. Take time to understand exactly what you’re looking for,
  3. Scour the market on your behalf to ensure you are paired with cover that is tailored for the specific risks of your business.

Working with iNeedCover is different to buying cover directly with an insurer or plugging your details into an aggregator. Here’s how an insurance broker will help.

Your Broker Provides Access to Exclusive Insurance Policies & Premiums

Many business owners don’t realise that by using an insurance broker, you will have access to a variety of exclusive policies, premium rates, and coverage limits that can’t be found in a Google search or when buying directly from an insurer yourself.

iNeedCover is backed by Australia’s largest General Insurance Authorised Representative network, Community Broker Network (CBN). This provides you with access to broker-only underwriting markets, competitive premiums, and superior policy conditions and deductibles that are not available to the direct insurance market.Having access to these options is crucial, particularly if your business has a unique and complex set of risks.

Your Trusted Ally Who Understands Your Business and the Insurance Market

Your insurance broker works in the industry every day, and as such, has a deep understanding of the market dynamics. By combining this knowledge with an understanding of your business and its unique risks, they will recommend tailor-made insurance solutions that are specific to your needs.

While direct insurers can only provide one policy option,insurance brokers have access to a vast network of insurers and a range of products. Your broker will give you unbiased advice on multiple policy options to ensure you get the best available product to suit your specific risks, as opposed to a cut and paste solution.

Your Broker Helps You Save with Cost Effective Protection

We’re all aware of the struggle caused by rising costs of living in today’s environment. Your insurance broker can help navigate this challenge by carefully designing an insurance program to ensure the coverage you pay for can respond in the event of a claim to provide effective protection. Your broker can also provide valuable cost-saving recommendations, such as policy bundling or adjusting excesses, all while keeping your essential coverage intact.

Your Specialist Advocate in the Event of a Claim

When you’ve worked for years to grow your business, it’s hard to think about losing it all. iNeedCover is all about protecting the things that you love, and it’s important to remember that our brokers represent you — not the insurer.

In the event of a claim, your iNeedCover advisor will work as your trusted advocate, rolling up their sleeves and working tirelessly on your behalf to ensure a smooth and stress-free claims experience. Your broker takes the overwhelming administrative tasks off your plate, from lodging the claim to achieving the best possible settlement.With a broker by your side, you can breathe easy, knowing your claim will be handled with care and expertise, even in trickier situations involving multiple parties, liability disputes, or complex policy wordings.

Your Broker is on Your Team, Providing Ongoing Support and Professional Advice

When you’re a busy small business owner, it’s important to have comfort, knowing that your equipment, assets, and reputation are all protected. We’ll do the hard work of ensuring everything that’s important to you is covered, no matter what comes next.

As your business is always evolving, so are your insurance needs. Your iNeedCover broker will provide steadfast support that never skips a beat:

  • When you work with an iNeedCover Advisor, we begin by performing a detailed needs analysis so that we completely understand your circumstances and can cover all the insurable risk exposures your business faces.
  • We manage your insurance program on an ongoing basis, checking in and making any necessary adjustments during the policy period to ensure changes in your business are accounted for.
  • We keep tabs on any emerging insurable risks that may affect you, along with recommendations on how to respond.
  • We conduct comprehensive annual reviews of your insurance program to ensure you always have the most appropriate cover for your business needs and a cost-effective policy structure.
  • We’re always on hand to assist with any questions you have and will act as your trusted advocate in the event of a claim.

How an iNeedCover Broker Can Benefit Your Business

With an insurance broker in your corner, you can relax knowing your business not only has quality coverage designed to respond in a claim, but also the support of an insurance advisor who has your back.

Safeguarding your business is not just a smart move - it's vital for your long-term success. Pair up with an insurance professional who’s on your team. With the expert guidance of an iNeedcover insurance broker, you can proactively manage risks, stay on top of emerging trends, and confidently navigate the ever-changing insurance universe.

When it comes to expert insurance advice, look no further than iNeedCover.

Get covered by insurance based on reliable human advice, not hope. Find your Perfect Advisor today.

This article provides information rather than financial product or other advice. The content of this article, including any information contained in it, has been prepared without taking into account your objectives, financial situation or needs. You should consider the appropriateness of the information, taking these matters into account, before you act on any information. In particular, you should review the product disclosure statement for any product that the information relates to it before acquiring the product.

Information is current as at the date the article is written as specified within it but is subject to change. Community Broker Network Pty Ltd t/as iNeedCover and Community Broker Network Authorised Brokers make no representation as to the accuracy or completeness of the information. Various third parties have contributed to the production of this content. All information is subject to copyright and may not be reproduced without the prior written consent of Community Broker Network Pty Ltd.

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