The document compares obtaining insurance without a broker versus with a broker. Obtaining insurance without a broker means dealing directly with the insurer, handling all documents and claims. Obtaining insurance with a broker means the broker acts as an intermediary between the insured and insurer, negotiating coverage and rates, managing claims, providing risk advice and ensuring timely policy renewals. A broker handles more services including claims investigation, property inspections, and obtaining the best rates and policy terms.

1. INSURANCE WITHOUTA BROKER
YOU
INSURER
THESE DEFINITELY MAKE UPTHE JOB DESCRIPTION OF AN IN-HOUSE INSURANCE OFFICER
!
INSURANCE WITHA BROKER
INSURER
YOU
DOCUMENTS
CLAIMS NOTIFICATION
FOLLOW UP FOR CLAIMS SETTLEMENT
REQUEST FOR INSURANCE COVERAGE
NEGOTIATE FOR BEST RATES
PROVIDE UPDATES ON RISK DEVELOPMENTS
ASSIGN OFFICER TO MANAGE CLAIMS
REVIEW TERMS AND CONDITIONS OF INSURANCE
SCOUT FOR BEST RATES IN THE MARKET
REVIEW RISK HAZARDS TO QUALIFY FOR
DISCOUNTS
FOLLOW UP FOR TIMELY RENEWAL OF POLICIES
ACCOUNT RECONCILIATION
INSURANCE DOCUMENTS
CLAIMS INVESTIGATION
SURVEY/INSPECT PROPERTY FOR INSURANCE
CLAIMS INSPECTION
SETTLE CLAIMS
DOCUMENTS
INFORMATION
POLICY DOCUMENTS
CLAIM CHEQUES
RISK ADVISORY
WIDE RANGE OPTIONS
INSURANCE DOCUMENTS
CLAIMS INVESTIGATION
SURVEY/INSPECT PROPERTY FOR INSURANCE
CLAIMS INSPECTION
SETTLE CLAIMS
DOCUMENTS
CLAIMS NOTIFICATION
FOLLOW UP FOR CLAIMS SETTLEMENT
REQUEST FOR INSURANCE COVERAGE
NEGOTIATE FOR BEST RATES
PROVIDE UPDATES ON RISK DEVELOPMENTS
ASSIGN OFFICER TO MANAGE CLAIMS
REVIEW TERMS AND CONDITIONS OF INSURANCE
SCOUT FOR BEST RATES IN THE MARKET
REVIEW RISK HAZARDS TO QUALIFY FOR
DISCOUNTS
FOLLOW UP FOR TIMELY RENEWAL OF POLICIES
ACCOUNT RECONCILIATION