Supporting business owners through insurance
As you reach new heights in your business you need to lock in a safety net below you so you don’t fall back down. That’s what insurance is all about – protecting what you have so you can continue to grow.
When a business starts out we might receive an enquiry for public liability insurance, as this is normally necessary for the landlord, local council or government regulatory body supervising your industry.
Meanwhile, many people continue to self manager their other insurances for cars, homes, pleasure craft etc through online provides or the ‘direct’ market as we refer to it. Direct market means a policy you buy without the help of a broker like us.
Then come the claims!
Did you know that ‘direct’ insurance products vs the ‘broker’ channel products are sometimes cheaper? Mainly for motor and home policies. You are probably guessing this is because brokers like us don’t have to be paid a commission. Well here’s how it really works. The chance of someone who is not an insurance professional claiming on a policy versus a professional acting on your behalf, is quite low. So if you have a direct policy and you try to make a claim, the likelihood of you succeeding or receiving the full claim amount from the insurer is not as high as if we were to do this for you. And there’s your answer. The claims paid via the direct market are significantly less than those approved to be paid via the broker channel so that’s why insurance premiums are sometimes cheaper online.
We liken this to the analogy of an individual representing themselves in a court case. Some may succeed but most fail.
You see, the passion for us lies in the fact that if we believe you ought to focus on running your business and spending your spare time with family, why would we be comfortable letting you deal with your own insurance matters if it isn’t what you do. If you spend money on insurance, it needs to protect you when you need it. There are literally hundreds of insurance underwriters available to you via our broker channel and we can most certainly either save you money on your insurance and offer favourable terms for your cover. Both are equally as important.
Give us a go and send us your insurance renewals as they come so you can be sure you are protected right.