Important things to ask any Insurance Broker

By: Strategic Insurance Group  24-Aug-2010
Keywords: Insurance, Life Insurance, Business Insurance

 

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.

 

Keywords: Business Insurance, Health Insurance, Income Protection, Insurance, Insurance Agents and Brokers, Insurance Broker, Insurance Brokers, Life Insurance, Mortgage Insurance, Trauma Insurance

Contact Strategic Insurance Group

Email

Print this page