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What is an Insurance Broker?

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 with your best interests in mind.

A broker will help you identify your individual and/or business risks to help you decide the risks you will need to insure as well as those you can manage in other ways. Most brokers specialise in one specific type of insurance or industry while some others 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 you find the most appropriate cover for your own circumstances. In addition to arranging and placing cover with the chosen insurer on behalf of clients, brokers also act on behalf of clients in the event of a claim.