Frequently Asked Questions?
Who is an insurance Broker?
An insurance broker is a professional intermediary between the insurance provider and the insurance buyer.
Is he the same as an insurance agent?
He differs from an agent in that he acts in the interest of the insurance buyer while an agent sells policies under contractual agreement with the insurance company he represents.
A broker can bargain for better terms because he is at liberty to place insurance with any insurer while the agent is restricted to the terms laid down by his employer.
What should I do if I suffer a loss?
As soon as you suffer a loss, notify us immediately and we will take up the claim on your behalf from there while you continue with your other engagements.
What is the cost implication for your services as a broker?
Our services are Free of Charge to you. We are by law remunerated by the insurers by way of commission.
Will the broker not charge higher premium to boost his commission?
The broker’s rates are lower in most cases because he can transact insurance with any insurer, the liberty other direct agents do not have.