Transparency. Experience. Fair.
One thing we would like to make clear is that we are not against brokers earning commission from placing insurance. The marketplace would not function without them, and good brokers are worth 10x the income they generate and can save clients millions on their balance sheets when things go wrong. Some brokers volunteer the information and have clients enter into fee agreements where they are fully aware of what they are paying for. This removes possible conflicts of interests which are driven by brokers trying to improve their top line year on year.
Other brokers are not so forthcoming, placing business with markets who pay the highest commissions as opposed to who offers the best all round solution, with others formulating delegated authority or scheme arrangements to push earnings above and beyond market standards. Insurance buyers are often naive to brokers earnings and do not have a full understand of what role the broker plays and what service they should ultimately be receiving.
Our service sets out to correct that. We do the leg work so that you don’t need to, armed with market knowledge and industry contacts. Having many years on the broking side of the fence, we have a solid understanding of the work involved on a placement and therefore can make a judgement call on what is fair value. We provide this information in laymans terms so that you can act on if you need to. The journey does not end there, if we identify you are being overcharged or undervalued, we assist you with correcting this and ultimately putting money back into your business.
Still not sure? Book a no obligation consultation with one of our advisors today.
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