When it comes to insurance, everyone wants the same thing: the best possible cover for the most competitive price.
Working with an insurance broker can help you get the right coverage for your needs. They can weigh up the options from a vast array of providers and use their industry expertise to get you the best program. If the worst happens and you need to make a claim, going through an insurance broker makes the process easier and more likely to be successful.
Trying to get a similar result on your own is nigh on impossible. For a start, most people outside the insurance industry don’t have the time and resources to thoroughly research and evaluate every possible options. They certainly won’t be able to rely on market expertise to get the best possible solution. And, when it’s time to make a claim, they’re unlikely to have the expert, in-depth knowledge required to navigate the complexities of filling out forms and providing the right information to maximise the chances of a successful outcome.
So it’s pretty clear that going through an insurance broker is the best way to approach your insurance.
Risk advisers are even more valuable
An insurance broker that acts as a risk adviser is the perfect blend if you’re looking to obtain optimum protection for your business.
A trusted adviser who uses their expertise and imagination to identify, analyse, and mitigate the risks you and your business are exposed to can dramatically reduce the chances you’ll need to claim on your insurance.
To be clear, it’s always worth having the right insurance. The most diligent and safe workspace can still suffer from unfortunate events and you need to be insured to protect your income and livelihood, as well as those of your employees. So it’s important that you don’t treat insurance as an afterthought or as a necessary evil. Having the right insurance in place can help you get back up and running fast, rather than spending time battling to get the right outcome
And, by managing risks appropriately, you can improve your chances of avoiding unfortunate events altogether.
Prevention is always better than cure
A risk adviser can review your business and uncover the potential vulnerabilities that could be putting you, your employees and customers at risk. This can range from physical risk factors such as safety hazards or inadequate security to people risk factors such as the safety and security of staff.
Once these vulnerabilities become clear, you can take steps to address them. This could include things like removing trip hazards or changing work processes to make them safer. It could also include improving security to reduce the chance of robbery.
Whatever the measures that need to be taken, it can be difficult for business owners to identify and address them on their own. Knowledge is power; working with a risk advisor upfront can save significant amounts of time and money.
The right risk adviser will protect your business by helping you eliminating or mitigate risks and by ensuring you have the right insurance cover in place. Insurance isn’t a set-and-forget business expense. It’s an essential business tool that should be carefully considered and strategically applied.
With that in mind, wouldn’t you rather work with a risk adviser?
All of the insurance brokers that are part of Austbrokers and the AUB Group are trusted risk advisers with many years of experience. To find out more about how we can help you, contact us or find a broker near you today.
