Five Of The Most Important Questions You Should …...Important Questions You Should Ask Your...
1
Autumn 2017 Issue 1 32 NSW Five Of The Most Important Questions You Should Ask Your Insurance Broker There will undoubtedly be ongoing questions you will have for your insurance broker throughout your journey. As your business grows, so will your insurance needs. To keep protecting your growing assets. Your insurance broker is there to make the complicated seem simple for you and ensure you are covered appropriately. Below is a list of five of the most common and important questions you should be asking your insurance broker when you first appoint them to your business: 1) What types of insurance do I need? As each business is different, it is important that you find out exactly what insurance types you should have. Once your insurance broker has developed an understanding of your business, this is a great question to ask to avoid surprises. 2) How much should I be covering my assets for? All businesses are of different sizes and it is important to understand how much you should be covering your assets for. You need to obtain an understanding Your insurance broker effectively becomes the expert of all your insurance wants and needs. They just aren’t another voice you hear or name on a piece of paper. They are there to get to know your business “back to front” and want to be there for you whenever you need them. of the replacement value of all of your assets to know how much insurance cover you need. 3) What do all the insurance types mean exactly? You are not expected to be an insurance expert. This is when you should rely on your broker. You should ask your insurance broker to thoroughly explain all the different types of insurance. What is public liability and how does it affect me? What is professional indemnity insurance? What is cyber insurance? You can never ask enough of these questions. Knowledge is power, remember? Try and utilise your insurance broker as an educator to you as it will help you develop an understanding of what to do in different situations. 4) How does each element of my business fit into each insurance category? Start to work out links between each of your insurance policies and the different exposures for your business. What insurance relates to my staff? What insurance relates to my equipment? What relates to natural disaster? Drawing diagrams can be really helpful with this one. 5) What do I do if I have a claim? The most important question of all. Establishing your communication strategy/action plan with your broker is very important in the instance that you do need to make a claim. You need to know exactly what the best steps of action are with your broker in these unfortunate situations! We recommend members to give the NECAGuard team a call on 1800 335 014 or email [email protected] and discuss with your NECAGuard insurance broker, Alexander Joosten, how we can best meet your requirements. Ref: 1701-NSW-32 NECAGuard
Transcript of Five Of The Most Important Questions You Should …...Important Questions You Should Ask Your...
Autumn 2017 Issue 132
NSW
Five Of The Most Important Questions You Should Ask Your Insurance Broker
There will undoubtedly be ongoing questions you will have for your insurance broker throughout your journey. As your business grows, so will your insurance needs. To keep protecting your growing assets. Your insurance broker is there to make the complicated seem simple for you and ensure you are covered appropriately.
Below is a list of five of the most common and important questions you should be asking your insurance broker when you first appoint them to your business:
1) What types of insurance do I need?As each business is different, it is important that you find out exactly what insurance types you should have. Once your insurance broker has developed an understanding of your business, this is a great question to ask to avoid surprises.
2) How much should I be covering my assets for?All businesses are of different sizes and it is important to understand how much you should be covering your assets for. You need to obtain an understanding
Your insurance broker effectively becomes the expert of all your insurance wants and needs. They just aren’t another voice you hear or name on a piece of paper. They are there to get to know your business “back to front” and want to be there for you whenever you need them.
of the replacement value of all of your assets to know how much insurance cover you need.
3) What do all the insurance types mean exactly?You are not expected to be an insurance expert. This is when you should rely on your broker. You should ask your insurance broker to thoroughly explain all the different types of insurance. What is public liability and how does it affect me? What is professional indemnity insurance? What is cyber insurance? You can never ask enough of these questions. Knowledge is power, remember? Try and utilise your insurance broker as an educator to you as it will help you develop an understanding of what to do in different situations.
4) How does each element of my business fit into each insurance category?Start to work out links between each of your insurance policies and the different exposures for your business. What insurance relates to my staff? What insurance relates to my equipment?
What relates to natural disaster? Drawing diagrams can be really helpful with this one.
5) What do I do if I have a claim?The most important question of all. Establishing your communication strategy/action plan with your broker is very important in the instance that you do need to make a claim. You need to know exactly what the best steps of action are with your broker in these unfortunate situations!
We recommend members to give the NECAGuard team a call on 1800 335 014 or email [email protected] and discuss with your NECAGuard insurance broker, Alexander Joosten, how we can best meet your requirements.
Ref: 1701-NSW-32
NECAGuard
