Commercial insurance brokers are a valuable ally for many business owners, particularly those less versed in the ins and outs of this often complex field. By helping managing directors and other board members steer the often stormy waters of commercial insurance, these companies can help ensure businesses are not uninsured, under-insured, or over-insured, and that they instead have the most adequate cover for their professional needs.
At times, this process is carried out through the asking and answering of questions, which serve the dual purpose of helping the broker tailor the plan to the client and educating said client on the intricacies of commercial insurance. Below are three of the most common among these questions, which most commercial insurance brokers are faced with on a daily basis.
Why Is Business Insurance Necessary?
This is perhaps the most common question commercial insurance brokers are asked by clients. It is surprising how unaware businesses still are of the advantages of proper insurance cover, and this question therefore tends to pop up quite frequently when clients first contact commercial insurance brokers.
What Types Of Commercial Insurance Are There?
Most business owners are aware that there are different types of commercial insurance policies available on the market; however, much fewer of them are able to list or differentiate between the different types. Commercial insurance brokers are therefore often required to explain the different options available and outline the pros and cons of each one.
Is It Possible To Combine Policies?
Finally, many people want to know if it is possible to combine two or more types of insurance policies, and commercial insurance brokers are often called upon to expound about any such type of alternative they might offer.
These are, of course, not the only types of questions commercial insurance brokers are asked to answer by new clients; they can, however, be considered the most common. At Watson-Laurie, we often get them, and are always happy to answer!