Austral Risk Services are risk advisors and insurance brokers for small, medium and large business. Based in Western Australia, we provide comprehensive risk management services and leading insurance solutions to protect your business, company or organisation.
Call us on 08 9344 6650.
News > Austral Articles > Business Insurance Broker Tips: Choosing Your Insurance Underwriter
In many cases the main criterion for selecting an Insurance Underwriter for your insurance protection comes down to the issue of price.
However the strength and integrity of the relationship between “The Insured” and “The Insurance Underwriter” is very important – in fact at Austral Risk Services, we would argue it is critical because at the end of the day, this determines how satisfied you are with your Insurance Underwriter and how well the insurance policies’ respond to an incident or claim.
How to assess and consider the selection of Your Insurance Underwriter in 8 steps
There are two parties to the insurance contract and in the event of an incident which may give rise to a claim, it is essential the Insurance Policy terms and conditions are clear and concise – and respond to your particular risks and exposures requirements.
The major factors which influence the selection of your Insurance Underwriter will differ for each class of insurance however here are 8 steps which Austral recommend should form part of your decision making process.
There are other considerations which may be included. Knowledge and understanding of your particular risks and exposures will influence your insurance decision further however this is a good base to begin your decision making process.
In many circumstances you may have a good understanding and appreciation of your risks and exposures to determine the most appropriate insurance protection required. An experienced insurance broker will help guide you in this area.
Austral has experience, capabilities and resources to assist you in this process. If you need help with determining the right Insurance Underwriters for your business, please call us on 08 9344 6650 or email us on firstname.lastname@example.org to schedule an appointment with one of our experienced business insurance brokers.
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