An insurance broker is a professional who helps businesses and individuals find and compare insurance policies from multiple providers. Unlike direct insurers, brokers work independently to secure the best cover based on a client’s specific needs.
Brokers provide expert advice, ensuring clients get the right level of coverage at the best price while navigating policy exclusions and legal requirements.
✔ Access to Multiple Insurers – Brokers compare policies from different providers to find the most suitable cover.
✔ Tailored Advice – Policies are customised to match business risks and personal requirements.
✔ Claims Assistance – Brokers help clients handle claims efficiently, reducing stress and delays.
✔ Cost Savings – Brokers negotiate competitive rates, often securing lower premiums than direct insurers.
✔ Regulatory Compliance – Ensure businesses meet legal requirements for employer liability, public liability, and other mandatory coverages.
Insurance brokers earn money through:
✔ Commission from insurers (included in policy cost).
✔ Flat fees for complex or high-value policies.
✔ Consultation fees for risk assessments (if required).
Typical Costs:
Fraser Bond works with top UK insurance brokers to:
✔ Find tailored insurance solutions for business and personal needs.
✔ Compare multiple policies to secure the best coverage and pricing.
✔ Assist with claims and renewals to ensure seamless protection.
An insurance broker simplifies the process of finding the best insurance policies, ensuring you get comprehensive cover at the best price. Whether you need business, personal, or specialist insurance, working with an experienced broker guarantees expert advice and financial security.
For expert insurance guidance, contact Fraser Bond today.
