An insurance broker is a professional adviser who is an expert in insurance and risk management. Brokers work on behalf of their clients, not for insurance companies, and can be relied on to provide professional advice in your best interest.
Brokers help identify individual and business risks to help decide the risks you will insure, and those manageable in other ways. They specialise in one specific type of insurance or industry, or they may deal with many different types.Brokers are aware of the terms and conditions, benefits and exclusions and costs of a wide range of competing insurance policies, so they are able to help find the most appropriate cover for your circumstances.
As well as arranging and placing cover with the chosen insurer on behalf of their clients, brokers also act on behalf of their clients in the event of a claim.