Insurance broker on a call with a customer


Why use an insurance broker?

12 February 2020

With the introduction of price comparison sites, business owners can find insurance quotes within minutes by answering a few simple questions. For someone who doesn’t have a lot of time or is looking for a cheap quote, these sites work well, but do they meet your insurance needs?

Take a look at the infographic below to see why using an insurance broker could help secure the best deal for your business insurance.

This resource has been made into a downloadble infographic for you to save, print or share. Use the download below to save this guide.
Infographic thumbnail

Best price

Brokers have relationships with industry-leading insurers and can discuss your insurance needs in detail, whereas requesting a quote on a price comparison site means that you will answer set questions and cannot elaborate on the risk you want to insure.

A broker's relationship with their panel of insurers is built on human interaction, which allows grey areas of insurance to be discussed, as opposed to the black and white approach of price comparison sites.

Whilst the price presented from a broker may not necessarily be the cheapest, a broker’s aim is to ensure you get a competitive price for the unique risks that you wish to insure.

Bespoke service

As opposed to comparison sites, a broker will collect detailed information about your business to offer a tailored policy.

Businesses with complex requirements will benefit from a broker rather than a price comparison site, as a broker will ask more questions to find the perfect solution.

A one size fits all approach rarely works when it comes to business insurance, as you may miss out on some vital covers.

Expert guidance

When you speak to a broker, in most instances they will provide advice to make sure that your insurance policy meets your needs.

This means that they understand your insurance requirements and will provide advice on the cover you need and make recommendations.

At Premierline, 55% of employees are professionally qualified with the Chartered Insurance Institute, ensuring that customers receive the best advice and have the peace of mind that they can continue to do what they love.

It is estimated that 40% of UK businesses are underinsured, meaning that their insurance cover might be inadequate in the event of a claim, leading to losses.
It is important to make sure that you have the right insurance in place to protect the business that you have built. Every business is different and has its own business insurance needs, which is why we work with some of the UK’s most well-known insurers to ensure that you are getting the right insurance cover for your business.
The information and tools contained in this guide are of a general informational nature and should not be relied upon as being suitable for any specific set of circumstances. We have used reasonable endeavours to ensure the accuracy and completeness of the contents but the information and tools do not constitute professional advice and must not be relied upon as such. To the extent permitted by law, we do not accept responsibility for any loss which may arise from reliance on the information or tools in our Insight Hub.