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Why need an Insurance Brokers ?
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Business and Organisations are exposed to various physical and financial hazards. A professional broker will help you understand this and help advise possible measures to counter these impacts with Risk Management services.
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Insurance covers and policies evolve continuously. A professional broker would help you in getting access to upto date insurance products and services.
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In a competitive and sensitive market, the quality of products and services are often compromised. A professional broker will assist you in getting the best available protection.
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A professional broker can, should you so desire, provide guidelines in establishing the right Sum Insured, Values for insurance, Limit of indemnity etc.
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Globally, insurance regulatory authorities (including Ministry of Economy in the UAE) recognise the value added service provided by Insurance brokers. Regulators and Insurers have agreed that even in the event of a broker being used as a intermediary, the premium remains unchanged as opposed to directly dealing with an Insurance company. Thus the services of a broker comes without any additional cost to you.
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A professional broker scrutinizes the policy document to ensure its accuracy with regard to cover, specification, extensions, etc. these could prove to be very critical at some time.
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