Do they have a tied Agency?
- Meaning they are contracted to give a large proportion or maybe all of their business to one insurer. Do they have your best interests at heart?
How much Professional Indemnity insurance do they hold and with whom?
- Protects you against receiving wrong advice, but it’s not compulsory for a Broker to hold.
How are they paid?
- Generally once a policy is issued, a Broker receives an initial commission from the insurer and a subsequent renewal commission each year thereafter (levels vary by insurer).
Let ‘Strategic Insurance Group’ help you through the minefield that is insurance.