Nowadays, insurance is a vital part of every aspect of life. Health, education, liability, and business insurance, you name it; it’s all important. However, as much as it is imperative, choosing the right Perth insurance broker is usually a hassle. You need to be careful and precise to settle for a provider that can deliver great results.
What should you ask about and look for when vetting an Insurance Agent?
Well, vetting is an integral part of getting the right Perth insurance broker. If you are into business, the broker should carefully understand your business – its mission, vision, goals, strategy and values. He should have a unique understanding of the business, be flexible and also responsive. The broker should be able to adhere to your wishes and demands since you are the client.
Ask for referrals, which most insurance brokers at Oracle Group are willing to give, rather than depending only on the insurance firm’s site. As well, try to meet some of the key players in the firm to get an in-depth analysis of the firm. Try to inquire exhaustively about the insurance markets that are available. Why? Because you will get a better program if the insurance competition that the broker can foster is on the higher side.
One more thing that you should inquire about is whether or not individuals from Oracle Group Insurance sit on any of their carriers governing boards. If they do, they have some influence on the claims procedures as well as policy decisions being made.
Another key point to ask during your scrutiny is what limits of omissions and errors insurance do the brokerage carry. Depending on the amount they give, carefully consider if it is enough if the loss of your business was as a result of the broker’s mistake. You should also keep in mind that the limit of errors and omissions insurance is usually the same for all the firm’s clients.
How can you tell if a Broker Provides Quality Service?
There are ways by which you can tell if a broker offers quality service to his clients. Some of the questions that can help you with this include:
- Regarding premium rates, how do insurance brokers at Oracle Group do it? Do they do all they can to obtain the best rates for their clients?
- What ways does the Perth insurance broker use to keep you updated on the claims process? Are there any regular followups?
- Is the renewal being delivered one or two weeks before the renewal date or is it being done at the last minute?
- Are you involved in the process and do you have any control?
- Is the broker readily available? Can you access him/her even on a Saturday with an urgent or important issue?
What are the indications of whether to change a broker or continue with the one you have?
There is nothing as great as being loyal. However, sometimes it does not hurt to try out something new. One way to find out whether to move on to a new broker or not is to get an independent Perth insurance agent to review your program. Some of the things that they should check include:
• Duplicate coverage and coverage gaps
• Extra benefits
• Cost saving opportunities
If there are no improvements that can be done, then it is a perfect indication that you should stick with your current broker because he is obviously doing a fantastic job. Get more insights at HTTP://WWW.ORACLEGROUP.COM.AU.