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Brokers National
Why Use A General Insurance Broker?
An insurance broker can save you time, money and worry. Just like an accountant or lawyer who provides you with impartial professional advice, based on years of training and experience, a qualified broker can do the same with your insurance.
When arranging insurance, many people take shortcuts without seeking proper advice, understanding the fine print or considering whether they are getting value for money. Often they are disappointed when their insurance doesn't come to the rescue.
Whether it's home, car, life or business insurance, brokers provide advice and assistance to make sure you are properly protected.
Brokers have access to lots of different policies because they deal with a range of insurance companies. A good broker will be aware of the benefits, exclusions and costs of competing policies on the market. They will also help arrange and place the cover and can often provide advice on how to make the most of your insurance budget.
Using a broker doesn't necessarily cost more. Often it costs less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf. A broker will also explain your policy and any special situations you need to watch out for. Furthermore, a broker is obliged to advise you of fees charged for services provided to you.
All brokers are required to be licensed and are required to have accounts audited annually and have professional indemnity cover.
All brokers are regulated by the Insurance (Agents and Brokers) Act 1984 and The Financial Services Reform Act to commence in March 2004.
The principal body is the National Insurance Brokers Association (NIBA) which was established in 1982. It represents around 500 member firms and 2,000 individual employees of insurance brokers. NIBA member firms are subject to strict screening. They also agree to enforceable codes of conduct and practice. All NIBA members subscribe to an external complaints facility and have their own internal dispute procedures.
NIBA provides the following services to its members: Educational services including distance learning professional certification, Strong representation at state and federal government levels to protect members against potentially onerous regulations, A voice to the insurance buying public to promote the many ways in which NIBA brokers add value, Services to help manage and improve business practices and technical support, Organizes the annual convention.
Qualified Practicing Insurance Broker
With the new Financial Services legislation all broking staff providing advice are required to be qualified. The National Insurance Brokers Association provides a higher level of education and continuing professional development with its Qualified Practicing Insurance Broker (QPIB) certificate. This ensures they are kept up to date with industry trends and changes so they can provide you, the insurance buyer, with quality advice.
QPIB'S are experienced in the broking industry, are committed to continuing professional education, are associate members of the National Insurance Brokers Association (NIBA), subscribe to the Code of Conduct, and members of an Insurance Dispute Facility.
Doug Kerr, the Managing Director of Brokers National, is proudly a Qualified Practicing Insurance Broker.
So Why Use Brokers National?
Flexibility: We are flexible and approachable and at all times we endeavour to meet the needs of the client in respect of specific products and associated services.
Inevitably this makes brokers more flexible than insurance companies because larger brokers have access to most insurers and underwriting agencies.
Value: Brokers National will do the "shopping around" for you, looking for the cover that's ideally suited to your needs.
Brokers National staff make it their business to know what all the major insurance companies can provide and where to get the best value for our clients.
Security: People often take shortcuts with insurance, failing to understand the find print or weigh up the many factors that go into making the best deal.
All too often they're disappointed when down the track, their insurance doesn't "come to the rescue" in the way they had hoped.
Brokers National discusses your insurance needs and assists clients in having a better understanding of the security provided by various insurance products.
Impartiality: Brokers National is objective and offers professional advice based on years of training and experience. Our staff have a comprehensive, current knowledge of the insurance market. All our staff are qualified and meet the licensing requirements of The Financial Services Reform Act Policy Statements.
As a result, we can locate and negotiate the most competitive premiums on your behalf, and advise on a range of insurance products.
Strength: Brokers National meets all licensing requirements and generates its strength from its professional staff and its membership of the National Insurance Brokers Association, and the Steadfast Insurance Brokers Group.
The growth of Brokers National is due on our outstanding service and performance in a highly competitive industry, a commitment to our clients and a lot of hard work.
Steadfast is an unlisted public company comprising around 200 independent, Australian-owned, medium sized insurance brokerages. It is Australia's largest independent insurance brokers group. In addition, the Group has a number of strategic partners including some of Australia's largest insurers and premium funders.
Versatility: Whether it's home, car, boat, life or cover for small or large business, our brokers can source quality products from a broad, flexible range.
That breadth of choice enables us to locate value-for-money insurance to provide protection to suit each client's needs.
Brokers National has accounts with most general insurers and underwriting agencies and is able to select the facility that best suits your needs.
It is important to understand that most insurers specialize in certain types of products with acceptance depending on your occupation and other underwriting and risk management issues.
Advice: As an introduction for a Commercial insurance quotation Brokers National staff will need to find out more about you and your business. The business you are in, the ownership, its growth and profitability, the associated risks, your risk management procedures, and past claims experience.
Once we have a picture of your business, we can discuss your insurance needs, types of covers, and sums insured.
Our experienced staff are available to assist you with your questions.
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