So, what is the traditional brokers’ defence of their current way of doing business? How does the internet deliver a better experience when it comes to buying small business insurance online?

The traditional insurance broker

When an insurance broker is asked, “why should I do business with you?” Many will say it’s because they manage risk, provide insurance advice and get the best products. That’s their pitch to you.

However, the feeling amongst small business owners suggests a different experience. Feedback from small business owners is that traditional insurance brokers are not meeting their needs. Many see them as unnecessary middlemen who aren’t transparent with them, doesn’t get to know their business enough. More so, many small business owners don’t know if brokers are getting the best prices for them, reducing trust. And, there are other reasons why brokers are not trusted.

For too long now, the biggest threat to traditional insurance brokers has been themselves. By concentrating on high commission, sales volume bonuses, profit bonuses and marketing fees, brokers have created a high-cost base, paid for by their small business customers. Few brokers deliver what their industry promotes and, by doing so, many have inadvertently encouraged their customers to look elsewhere for small business insurance.

So, let’s put your broker relationship to a test. When was the last time your Insurance Broker in Auckland in met with you to review your insurance needs, reduce your business risks or find better products and prices for you? Do you feel that your broker provides personalised service, are they fast and do they make it easy for you to do business with them?

We have set out ten questions to ask yourself about your insurance broker relationship.

If you’ve answered negatively to most of the questions above, then your insurance broker is probably only having a transactional relationship with you. You may recognise that your traditional insurance broker is not getting to know you and your business or providing advice or presenting you with competitive quotes. But is there an alternative?

The power of insuring online

We’ve all bought products and services through the internet. We find it easier and we can get more choice. It’s faster and more convenient. It’s available when it suits us and we can do our research before buying. We can personalise our purchase and ourorder is confirmed instantly. We feel empowered and informed, and we can save money.

When it comes to buying small business insurance cover, the internet brings the same benefits to small business owners. You know your business better than anyone else and you may be better off than with your traditional insurance broker. After you’ve taken our ten question quiz, you might well find that it’ s time for you to insure online.

If it is, check us out at www.insureonline.co.nz where you will find helpful information on business insurance and can get a quote and buy online in less than 30 minutes.

When it comes to a business interruption in NZ, we know you have several options available to you. This can be overwhelming and it is important to find an insurance broker that understands your needs well and outline the most important coverage for your unique needs.

An insurance broker in Wellington provides expert, unbiased advice on your insurance needs. They are professionals. They bring their experience and their judgment to their role as your personal insurance advisor. Most important, they have the liberty to make impartial recommendations. Their core job is to serve your interests; you can trust a professional insurance broker for your business interruption needs. They are a wealth of knowledge and experience on all aspects of insurance. They are good at risk assessment, and how to protect you and your business by getting the best insurance coverage.

An insurance broker in Wellington will act as your advocate with the insurance company. When you have to make a claim, you broker is there to ensure you receive fair and prompt payment to get your business back to normal.  In the event of a dispute, the professional will act as your advocate with the insurance company. Many times, the experience and knowledge of an insurance broker help settle a dispute claim.

So get in touch with a business broker in Wellington to find the right insurance coverage at a competitive price.

Statutory liability insurance covers defense costs linked with alleged breaches of statutory acts affecting commercial behavior. It also includes the cost of representation at an investigation or an inquiry. Statutory liability also includes fines or cash penalties payable by the insured following conviction for an offence under the insured statutes.

The complexity and risks of running a business in New Zealand’s highly competitive market is increasing. So all businesses should hold statutory liability insurance in NZ no matter what the size of the operation. This includes any individual offering products or services to the public. The insurance is designed to help protect businesses from fines, penalties or reparations for unintentional breaches of laws and regulations. The insurance covers all the legal cost of investigations as well as the costs of investigating and defending a prosecution that if proven could result in a fine or statutory damages insured under the policy.

Statutory liability insurance covers defense costs linked with alleged breaches of statutory acts affecting commercial behavior. It also includes the cost of representation at an investigation or an inquiry. Statutory liability also includes fines or cash penalties payable by the insured following conviction for an offence under the insured statutes.

A professional insurance provider can provide good insurance advice in NZ to any individual interested in buying statutory liability insurance. If you are interested in buying, get in touch with an insurance provider with vast knowledge and experience in statutory liability insurance. Knowing that you have an expert by your side will ensure you are covered. This insurance will also take off the pressure off your business.