Insurance Broker & Employee Benefit Solutions
-
Brokers can often find you a good deal on insurance because they have a thorough understanding of the insurance market and can negotiate premiums on your behalf.A broker will explain your policy to you and advise you if there are any special situations you need to know about.Brokers can prepare a customised insurance and risk management program for you or your business, where they design the policies, negotiate the terms with insurance companies and place the cover with the insurer.By including a risk management program, which puts some of the responsibility for risk prevention and loss minimisation on you or your business, you can reduce premium costs.
-
@danielhoweller said in Insurance Broker & Employee Benefit Solutions:
Brokers can often find you a good deal on insurance because they have a thorough understanding of the insurance market and can negotiate premiums on your behalf.A broker will explain your policy to you and advise you if there are any special situations you need to know about.Brokers can prepare a customised insurance and risk management program for you or your business, where they design the policies, negotiate the terms with insurance companies and place the cover with the insurer.By including a risk management program, which puts some of the responsibility for risk prevention and loss minimisation on you or your business, you can reduce premium costs.
If you need to make a claim on your policy, your broker will assist you through the process and will liaise with the is surer on your behalf.Insurance brokers might charge you a fee for their services, or they might receive a commission from the insurance company. They are required to advise you of the fees that they charge or the commission they receive. This may be set out in the Financial Services Guide, Product Disclosure Statement or where a broker has provided you with personal financial advice, the fees and costs associated with their advice will be set out in your Statement of Advice.
-
@danielhoweller said in Insurance Broker & Employee Benefit Solutions:
Brokers can often find you a good deal on insurance because they have a thorough understanding of the insurance market and can negotiate premiums on your behalf.A broker will explain your policy to you and advise you if there are any special situations you need to know about.Brokers can prepare a customised insurance and risk management program for you or your business, where they design the policies, negotiate the terms with insurance companies and place the cover with the insurer.By including a risk management program, which puts some of the responsibility for risk prevention and loss minimisation on you or your business, you can reduce premium costs.
@danielhoweller said in Insurance Broker & Employee Benefit Solutions:
Brokers can often find you a good deal on insurance because they have a thorough understanding of the insurance market and can negotiate premiums on your behalf.A broker will explain your policy to you and advise you if there are any special situations you need to know about.Brokers can prepare a customised insurance and risk management program for you or your business, where they design the policies, negotiate the terms with insurance companies and place the cover with the insurer.By including a risk management program, which puts some of the responsibility for risk prevention and loss minimisation on you or your business, you can reduce premium costs.
@danielhoweller said in Insurance Broker & Employee Benefit Solutions:
Brokers can often find you a good deal on insurance because they have a thorough understanding of the insurance market and can negotiate premiums on your behalf.A broker will explain your policy to you and advise you if there are any special situations you need to know about.Brokers can prepare a customised insurance and risk management program for you or your business, where they design the policies, negotiate the terms with insurance companies and place the cover with the insurer.By including a risk management program, which puts some of the responsibility for risk prevention and loss minimisation on you or your business, you can reduce premium costs.
Just as you would spend some time trying to make sure that the insurance policy you choose is the right one for you, if you decide to use an insurance broker you should make sure that the person you appoint is going to help you in your particular situation.The National Insurance Brokers Association is the peak body for insurance brokers and its Need-a-Broker service can help you find a registered, qualified insurance broker in your area who is a NIBA member.All insurance brokerages in Australia must have an Australian Financial Services licence, or be appointed as an authorised representative of an AFS licensee.
-
@danielhoweller said in Insurance Broker & Employee Benefit Solutions:
Brokers can often find you a good deal on insurance because they have a thorough understanding of the insurance market and can negotiate premiums on your behalf.A broker will explain your policy to you and advise you if there are any special situations you need to know about.Brokers can prepare a customised insurance and risk management program for you or your business, where they design the policies, negotiate the terms with insurance companies and place the cover with the insurer.By including a risk management program, which puts some of the responsibility for risk prevention and loss minimisation on you or your business, you can reduce premium costs.
Brokers are required to be members of an authorised external dispute resolution scheme as a condition of their AFS licence. Generally, the Australian Financial Complaints Authority is the independent organisation that helps resolve complaints and problems between brokers and their clients. Brokers are bound by the decisions of AFCA.Experienced insurance brokers in Australia will generally hold additional qualifications such as a Diploma of Insurance Broking, or other tertiary qualification, or a professional designation, such as NIBA’s Qualified Practising Insurance Broker or Fellow.
-
An Insurance broker is a professional who helps people buy and sell insurance. They can help you find the best policy for your needs, and they can also help you understand your options. Brokers also offer other services, such as financial planning and advice. If you're looking for insurance, a broker may be the best option.
