7 Reasons You Need to Use an Insurance Broker

7 Reasons You Need to Use an Insurance Broker

Do you want to save on your business expenses?

Do you want more time to build your business and then enjoy the fruits of your labors?

You can save both money and time by using an insurance broker to handle your business insurance needs. When most business owners think of saving money, they assume it means doing it themselves. There are many areas of your business where going DIY can save you money. With business insurance, though, going DIY could actually end up costing you more. More money, more time and more headaches.

Here are 7 reasons you need to use an insurance broker for your business.

  1. Time. Independent insurance brokers have access to many insurance companies and can quickly find the best insurance deals for you. If you go DIY, you’ll have to track down and visit all of those insurance websites yourself. That’s a lot of time spent researching.
  2. Money. An independent insurance broker can save you money. Not only will they help you find the right insurance, they can help make sure you’re not paying more for that coverage than you need to. Using a broker won’t cost you any more than if you did it all on your own—and they may end up saving you money. Their commissions are paid by the insurance company, NOT by you.
  3. Peace of mind. Your insurance broker will make sure that you have the right amount of insurance for your business. Not too little, not too much. And they will also help you to make sure you have the right coverages. It is the job of the business insurance brokers to know what types of coverage would be right for your specific business. They can educate you about insurance coverages that you may not even know exist but are important for your business.
  4. Understanding your Policy. Insurance is a jargon-filled industry, with legal terminology and enough acronyms for a can of alphabet soup. A good insurance broker will walk you through your policies and de-mystify the jargon while deciphering the alphabet soup of insurance acronyms. A broker is responsible for ensuring that you have a clear understanding of the coverage you’re being offered.
  5. Understanding Your Needs. An insurance broker is not tied to a single insurance company. Their job is to represent you and your needs through the insurance process. In addition to helping you find the best deals on the right coverage, they can advise you on how to customize your policies in ways that will save you even more.
  6. Help with claims. In the unfortunate event that you need to file an insurance claim, your insurance broker can assist you through the process, and act as your advocate and liaison with the insurance carrier.
  7. Education. Not only is it your insurance broker’s job to be absolutely current and up-to-date with the latest changes, trends and legislation in the insurance market, they will also make sure that you are kept informed of the changes, trends and legislation that can affect your business.

Reasons you need to use an insurance broker

A good insurance broker can become your trusted insurance advisor and advocate to help you with all the resources you need to make the right insurance decisions for your business. And a really great insurance broker like Roper Insurance can help you with additional resources to make running your business, managing your insurance and administering both your business insurance and your employee benefits easier and more effective.

How Does Your Insurance Broker Measure Up?

How does your insurance broker measure up? Click here to download Roper Insurance’s quick broker comparison checklist. And then call Roper Insurance at 303-721-1145 or send us an email to learn more about how our exclusive YourPlan Approach™ and our ExtraMile Standard of Service™ will make your insurance experience easy and enjoyable.