Individuals and businesses alike often turn to insurance brokers for bespoke insurance products. Brokers typically act as a third-party intermediary between the customer and the insurance company underwriting the policy. They also play active roles in claims management and notification to the underwriting insurer.
The role of the insurance broker is to listen to the needs of their clients and to seek out insurance cover which is adequate for their needs. This requires assessment of a range of insurance products from different insurers, to find those policies with the most comprehensive level of cover to meet the needs of the client, and is suitable from a cost perspective.
Insurance brokers typically work in the in areas of:
Insurance brokers are generally independent businesses with no ties to specific insurers (unless they specify that they do). Problems can arise when the insurer either recommends or missells an insurance product because of an incentive offered by the underwriting insurer.
Typically, if an insurance broker has let you down, they may have done one or more of the following:
We are not able to assist you if the service which you have been provided is simply poor. If this is the case, you may be able to submit a formal complaint; please refer to our ‘Negligence or just a complaint‘ page for further information.
We can advise you if you have suffered a financial loss as a result of wrongdoing by an insurance broker. If you wish to pursue a claim, call our office on 0151 321 1000 to speak to one of our team. You can also visit beenletdown.co.uk to request a call-back for a time that suits you, or to complete our online claims form.