There are few things more important as a business owner than insurance. You want to make sure that you have the right protection in place for your business so that you can operate with confidence and manage any issues that arise, but you will also want to make sure that you are able to make savings while still getting a sufficient level of cover. Many businesses use an insurance broker to arrange their business insurance, and this can be a smart move. As with all important decisions, there are a few questions to ask your broker so that you can be sure that they will get you the protection that you need.
1. What Experience Do You Have & Do You Have References?
Before you use the services of an insurance broker, you want to make sure that you are using a company that has the experience and it is a broker that you can trust. This is why it is a good idea to ask for their experience and credentials when meeting for the first time. Additionally, you should check with any references that they provide so that you can get an idea of what to expect when you use their services.
2. Do I Have An Account Manager & How Long Will It Take To Get A Response?
When it comes to insurance, you want to make sure that you are always able to reach someone and get any questions that you have answered. This is why it is worth asking if you will have a dedicated account manager for your account as well as how long it will take for them to respond. You want a company that will go above and beyond for you and resolve any issues that you have swiftly.
3. What Coverage Do I Need?
One of the main reasons to use an insurance broker is that they can ensure that you have exactly the right level of cover for your specific type of business. If you were to arrange all of the insurance yourself, you might find that you end up without coverage for a risk – this could then cost you a fortune and cause significant damage. You could also end up with double coverage for certain risks, which would be a waste of money. An insurance broker will be able to tell you exactly what you need for complete coverage for complete protection and cost-efficiency.
4. Can You Offer The Best Rates?
Following this, you want to make sure that you will be getting the best rates when you use an insurance broker so that you can save money and still get the right coverage. When you use an insurance broker, such as KBD Insurance, they will be able to find the best rates for your policy and ensure that you are getting protection from a reputable carrier.
These are 4 key questions that you should always ask an insurance broker. It is vital that you have the right protection in place for your business and a broker will help you to achieve this and help you to save money.