Tuesday, November 8, 2011

Need an Insurance Broker? 7 Things to Consider Before Engaging an Insurance Broker

In deciding on which to entrust your insurance broker, the following should serve as a guide only because the process of entering a business relationship can sometimes be complex. Typically, an insurance broker:
I. Must be genuinely interested in understanding the client's affairs, its risks and insurance needs. This should be a continuous process that these insurance policies often needs to change.
II. Must always act professionally. In most countries, the industry regulator requires years minimum related experience and / or qualification for those wishing to hold the designated position in a firm of insurance brokers. This ensures a certain extent, that only persons of good reputation with the proven ability to get the green light to operate as brokers.