An insurance broker is not just a broker. If you engage the right agency, they can provide you complete advice on the various insurance policies, the benefits and the terms under which the policies are issued. They are also sometimes referred to as advisers, and they do render advice. Firstly, the actual insurance policies are issued and administered by the insurance companies. The broker represents then and for every policy booked for these companies, they get paid commission as a percentage of the premium. If you are running a business, then a good business insurance broker would be able to guide you on the policies.
A Broker Brings on All the Services
If your business is run from Perth or any other city in Australia, you might findOracle Group insurance services offering the services that are quite relevant and useful. Their services as a business insurance broker will usually begin with a comprehensive review of your insurance needs for your business. This will include letting you have the background to each policy the need, the terms and the benefits if you paid the premiums and if indeed something goes wrong at a future date.
At the next stage, if you have decided on a few policies, the broker would bring up the forms required to be filled in and collect the documents from you and submit to the insurance company. They would collect the premium and have it deposited with the insurance company and have the original policy issued. The original policy is an important document, and you should keep it in safe custody. In the event of any claim, you would need the original policy to lodge the claim.
Broker’s Relationship is Long Term and Ongoing
The job of the business insurance broker does not end here. If you have a clutch of policies, the premiums could fall on different dates. The customer care team at the broker’s end would keep a track of your policies and remind you of the due dates of the premium payment. Though the insurance companies will also keep sending emails, reminding you of the premium dues, you might tend to overlook/forget in your busy schedule and preoccupation with work. The broker would provide this service for your benefit. In the insurance business, timely remittance of premium is critical to keeping the policy alive, and if and when you face a situation and have to file a claim, the insurance company will look at these aspects as well.
Lastly, and perhaps most importantly, if your business faces any loss, which was covered under the business insurance policies you had already taken, then the broker ensures that the claim is filed properly and also coordinates with the insurance company for a favourable and speedy settlement.
Looking into all these aspects, the role of Oracle Group services in operating as an insurance broker will be of benefit to their customers and though their base is located in Perth, Western Australia, they are offering their services to customers throughout the country. With the modern communication facilities, these services can be rendered seamlessly. For more information visit http://www.oraclegroup.com.au/