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 > How To Get The Best Advice From Your Business Insurance Broker
Insurance brokers exist to get your business the best
insurance cover for your business and the best price. At Austral Risk Services,
our brokers are no different. In fact they thrive on finding the best offerings
for our clients.
So we asked our broking team, from a client’s perspective,
how you get the best business insurance advice? This is what they
had to say.
Talk to your insurance broker and ensure they
understand the ins and outs of your business. The better understanding of your
risks and exposures, the better job they can do for you.
Ask your broker to explain what the mandatory
insurance requirements are for your business or industry. Your insurance broker
will help you understand these must-haves.
Ensure you have a thorough understanding of the
features offered by different policies – get your broker to walk you through each
policy so you understand what’s covered, what the features of the policy are
and what the price differences are. For example, they will be able to help you
accurately compare policies considering all things like excess amounts payable,
claim service times and so forth.
If your business changes, you need to make
changes to your insurance cover to protect you. Keep your insurance broker
informed so they can keep your insurance up to date. It’s too late when things
Depending on the size of your business, review
your business insurance needs annually and prior to renewal. If you business is
growing fast or is larger, your broker will more than likely schedule more
regular catch ups to keep them informed.
Don’t forget cover notes. Always obtain a cover
note if you need to trade or use a vehicle before a policy is issued.
A broker is a part of your team and like all
good teams, communication is key for a great relationship – and for you to get
the best advice.
Many of the businesses Austral Risk Services
works with have been with us for a long time. The reason is we have become a
part of the business team. That’s because we’ve become trusted advisors – and
That’s what you should be aiming for too.
And of course, if you’d like Austral on your
team, contact our insurance brokers here.
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