Business insurance - Why use a broker when you’re buying insurance by Floyd Arthur (Article)

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<ul><li><p>CarmoonGroup Ltd. Business Insurance Hempstead, New York | </p><p>1 </p><p>Business Insurance: Why Use A Broker When Youre Buying Insurance? </p><p>By Floyd Arthur </p><p>These days, buying insurance seems like an easy do-it-yourself job. With so many </p><p>companies offering customers the option of shopping online, many people think that the </p><p>way to shop for the best coverage is to get a few online quotes and then pick the </p><p>company that offers the best rates. </p><p>Business Insurance </p><p>But there is more to buying insurance than meets the eye. To make a truly informed </p><p>decision, you need to do a side-by-side comparison of more than just rates, and have a </p><p>good understanding of the complex language of insurance-speak. Thats why having a </p><p>licensed insurance broker as an ally is a great idea. </p><p>What An Insurance Broker Does </p><p>An insurance broker works for customers, not companies. A typical broker has </p><p>affiliations with a number of insurers, each of which offers different types of policies at </p><p>different rates. Insurance brokers are licensed professionals, trained to recognize your </p><p>specific risk profile and choose policies that provide the appropriate amount of coverage </p><p>to meet your needs. </p><p></p></li><li><p>CarmoonGroup Ltd. Business Insurance Hempstead, New York | </p><p>2 </p><p>An insurance broker can also guide you through the claims process and ensure a fast </p><p>and fair settlement from your insurer should you experience a covered loss. If the </p><p>insurance company disputes a claim, the broker acts as your advocate, using his </p><p>knowledge and expertise to help resolve the issue quickly so you can get on with your </p><p>life. </p><p>Buying Insurance Through An Insurance Broker </p><p>Buying insurance through a broker has a number of advantage over a DIY approach. </p><p>These include: </p><p>o Choice -- Insurance brokers have relationships with many different insurance </p><p>companies. Some of these dont sell directly to consumers and some dont have a </p><p>presence online. Because brokers have no agenda other than to serve their clients </p><p>interests, they have no incentive to sell you anything but the best coverage for </p><p>your individual needs. </p><p>o Price -- When you buy insurance through a broker, the insurance company pays </p><p>him a commission (typically between 2 and 8 percent), so his advice is provided </p><p>to you free of charge. Additionally, many insurance companies discount policies </p><p>purchased through a broker, so you, the consumer, often come out ahead. </p><p>o Ease --Although the best way to meet with an insurance broker is face-to-face, </p><p>most offer online contact forms and telephone consultations as well. </p><p>Furthermore, brokers are far more personal in their approach to customer service </p><p>than large insurance companies, so you can expect faster and better service if you </p><p>need to make changes or additions to your your policy later on. </p><p>o Trust -- Trust is a hard commodity to measure, but most consumers feel that </p><p>dealing with a broker offers them a feeling of security that they dont get when </p><p>they buy insurance on their own. Brokers are trained to explain options, offer </p><p>advice, answer questions and guide you to the right choice -- which translates to </p><p>greater satisfaction later on. </p><p>At Carmoon Group, we are experts in providing customized insurance solutions for </p><p>individuals, families and businesses of all kinds. We work hard to ensure that every one </p><p>of our clients gets the right coverage at the best possible price. Give us a call at 516-292-</p><p>3780 to set up an appointment for your insurance review. Were here Monday through </p></li><li><p>CarmoonGroup Ltd. Business Insurance Hempstead, New York | </p><p>3 </p><p>Friday from 9 a.m. to 6 p.m. No time to call? Just fill out our online form and we will get </p><p>back to you within one business day. </p><p></p></li></ul>


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