Having an independent commercial short-term insurance broker is a no-brainer, here’s why

Having an independent commercial short-term insurance broker is a no-brainer, here’s why

– Debbie Smart (Director, Cornerstone Insurance Brokers)

The business financial year has officially come to an end and for most company owners, this means compiling new budgets and allocations to ensure the different needs of the business are met. One of the easiest ways to increase profit, is to cut costs by reevaluating company expenses. One of these costs might be your commercial short-term insurance.

If you have been managing your own insurance policies directly with suppliers, you will know how complicated and frustrating it can be. At Cornerstone Insurance Brokers, we take the hassle and struggle out of commercial short-term insurance by providing you with expert knowledge and guidance. If you, like many other business owners, are still doing all your insurance management yourself, this article is for you.

Stop wasting valuable company time and resources and appoint a qualified, experienced short-term insurance broker to take care of your business. Here’s a few reasons why having an independent commercial short-term insurance broker is a no-brainer.

Insurance options that’s best for your business and not the provider

A truly independent broker will always put your company needs first and won’t try to sell you a policy that isn’t right for you, simply to pocket the commission. Many times, clients are sold policies by insurance providers that are either very expensive or completely wrong for their needs. This is because most insurance providers are limited to offering only their solutions, because they cannot offer a holistic and transparent list of policy options.

However, an independent broker will be able to offer you an array of solutions from various providers to make sure you pick the correct one that meets your business needs. This way you can avoid paying a fortune for something you don’t need.

Helping you to avoid costly and dangerous loopholes

Short-term insurance, especially the commercial side, can be extremely complicated and difficult to understand. Between the terminology, regulations and exceptions it’s easy to get lost and overlook possible liabilities and loopholes, which can cost companies millions in unpaid claims.

As experienced brokers with decades of combined experience, we know the commercial insurance world in and out and will be able to share our knowledge and expertise with you. We’ll identify any possible loopholes and make sure that you avoid all the unnecessary costs associated with them, saving you time, money and valuable resources.

Hassle-free, fair and faster claims

Between endless calls, paperwork, lists if questions and inspection sheets, submitting an insurance claim yourself can be incredibly tedious, not to mention costly for your company. With insurers under more and more financial pressure, every claim is scrutinized to the finest detail and one slip up can result in a claim rejection and a massive reduction in your company’s cashflow.

If you appoint a specialist broker to manage your commercial short-term insurance policies, claims will be a breeze. A qualified broker will know exactly what to look out for and what to avoid when submitting a claim. They will also act and fight on your behalf if your claim is unreasonably rejected or underpaid.

Can you or your business really afford not to have a commercial short-term broker? Contact us today to find out more about our expert and bespoke business insurance solutions.

Also, remember to contact Cornerstone Insurance Brokers for all your commercial and domestic short-term insurance needs and follow us on Facebook and LinkedIn for more useful and interesting content.

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