Why Use an Insurance Broker?

An insurance broker acts as a third party between you and insurance companies. The broker is the one who commits to giving the best possible results for both the client and the company. They’re the middleman that knows the laws and regulations regarding insurance so the client can have a better time understanding what they’re dealing with.

Key Facts

Unlike an insurance agent, an insurance broker is not tied to an insurer. Instead, the broker works with multiple companies and tries to get you the best possible deal given your needs and wants. 

Insurance brokers highlight all the benefits and downsides of any offer that you plan on accepting, so you’re getting a real bang for your buck in case you’re not familiar with such policies. 

Moreover, reading an entire contract is a painstaking process, and the insurance broker makes sure that you’re well-informed of every little thing without you having to waste your time doing so. Put simply, an Eventsured insurance broker will make the process as simple as possible.

Reasons To Use an Insurance Broker

Once you understand how brokers get paid, how they operate, and how they can serve you to the full extent, you’ll see why it’s a very good idea to call one. Here are just a few of the most common reasons to do so:

They Don’t Take Commission From You Directly

It’s very rare to find a broker with a fixed fee. Oftentimes, insurance brokers simply take a commission from the insurance firm that they end up making you a contract with. This way, you’ll pay far less than you would otherwise while still reaping the benefits of having a professional help you out with bureaucratic matters and more.

Moreover, brokers tend to be unbiased, as they receive the same type of compensation from any company that they work with. That’s an even bigger reason for them to offer you the best deal – as (part of) their commission gets canceled if you, in turn, cancel your insurance because you were unhappy with it.

You’ll Have Someone To Help You Change Plans

If you’re a full-time event organizer, you’ll need different types of insurance for each following event. That’s something that the pandemic taught us when it comes to such ordeals: you need to be as flexible as possible in order to maintain the flow of money without making too many sacrifices.

And even when the pandemic will come to a full stop, people might still be hesitant to attend events, case in point you’ll probably need a flexible type of insurance that can cover hybrid events, as well as events that are strictly either online or offline.

Get the Help You Need When Making an Insurance Claim

If something does go wrong during one of your events, you can rest assured that your broker will be there to help you make the necessary claim. Making insurance claims is a whole ‘nother hassle to begin with, so having an expert to help you out is truly amazing. 

Depending on the type of deal you’ve struck, you might not even have to pay extra commission. The whole commission might be paid out by the insurance company, so you’ll get your full damages covered without shelling out any more of your hard-earned money.

The Bottom Line

An insurance broker will help you out in a significant way, especially if you’re a beginner when it comes to striking up insurance deals for events. So, yes, you should definitely get an insurance broker if you’re too busy with other things and if you can’t afford to lose precious time.

What are your thoughts on the matter? Feel free to leave us a comment below regarding your experience with anything insurance-related. Would you get a broker? If yes, then why? If no, then why not? Let’s get the discussion started with the rest of the community.