We know that reliable insurance is crucial for your peace of mind and your businesses security.
Unlike with personal lines insurances where people tend to head online to purchase, 93% of commercial insurance in the UK is placed through Insurance Brokers (totalling a huge £69.3bn annually). *BIBA Manifesto 2023
So with the vast majority of all business being placed in this way, what are the benefits of using your FMB Insurance Brokers versus other methods of purchasing insurance?
1. Knowledge and Expertise
We know Construction and we know Insurance. This means from the outset we can get a better understanding of your business, the risks faced, and how we can fill those gaps together.
Our staff are continuously training and undertake qualifications from the Chartered Insurance Institute, ensuring we are up to date with industry knowledge.
We can also help when it comes to assessing cost. We all know that price is important, but the policy needs to cover you correctly – if saving a few quid now prevents you successfully making a claim in the future it isn’t a good value policy. We know you need the right policy, at the right price.
2. Fair assessment of the Market
As a broker we have access to a wide range of quality insurers and their diverse catalogues of products, ensuring we can create the correct insurance package for your specific business.
This means that when you purchase an insurance policy you are investing in high quality insurance to protect your business now and for the future.
3. Risk Mitigation
Since the Insurance Act came into force there has been a duty on Commercial customers to ensure they make a Fair Presentation of Risk – which means you must disclose every material fact you know, or ought to know. That’s quite a responsibility! By using a broker they are aware of exactly what information an insurer needs and can advise you accordingly. They can also give you tips on risk mitigation and management for other areas of your business.
4. Save time and hassle
We source the market for you, approaching a wide panel of insurers, reviewing quotes received and seeing how they best meet your demands and needs, before presenting you with our recommended quote. This means you can leave us to do the leg work whilst you can focus on your own day-to-day.
5. Continued after sales support
We’re not just interested at the point of sale – you have a dedicated representative that you can contact throughout the policy term, whether you want to check your current policy meets the needs of an upcoming project, you need to make a claim, or just want some advice or confirmation of your cover to secure a project you are bidding for.
Ultimately, we make insurance our business, so you can protect yours.
Contact us today to see how we can help protect your business on 01353 652760 or email insuran[email protected].