What Does An Insurance Broker Do?

An insurance broker will help you identify the risks you are exposed to. The broker will advise you on what insurance products are available for these risks and, source the insurance covers that suit your needs from a number of local or foreign insurers. The broker will discuss the various options with you and help you select the best option and when agreed place the cover with the chosen insurer and arrange the documentation. The broker will also help you with general insurance advice and look after any amendments to the policies that may be required. In the event of a claim, the broker will assist you in the submission of the claim and will liaise between you and the insurer to bring the claim to a successful resolution.