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3 Things Business Insurance Brokers Should Always Do

Tyler Vogelsberg • Jun 14, 2018

As the owner of a small- or medium-sized business, you have to make sure that your business insurance coverage is in order. Whilst business insurance coverage is absolutely crucial for the protection of your company, finding the right insurance broker can be a time-consuming endeavour.

Fortunately, the best business insurance brokers manage much of your business insurance for you. Read on to learn the three things that your business insurance broker should do for you.

1. Manage Your Claims

Whilst you probably won't have to deal with insurance claims very often, they can be extremely timeconsuming - additionally, claims can be quite confusing and frustrating. The documentation required to file a claim can be extensive and can take valuable time away from other important things.

The best business insurance brokers can act on your behalf by initiating the claims process for you. You'll need only to provide the essential information regarding the claim, and then your business insurance broker can get to work straight away.

Initiating a claim may be as simple as a telephone call to your business insurance broker - in fact, in many cases, you won't even have to leave your office to start the claim. With your business insurance broker handling the claim for you, you'll be able to focus on what matters most: your business.

2. Deal With You Personally

When you're dealing directly with a large business insurance broker, you may run the risk of becoming just another number in their client queue. Often, you could be confronted with automated telephone systems and long wait times simply to speak with someone who can actually help with your questions and concerns. When you just need to get answers fast, having a liaison representing your business interests can make all the difference.

Opt for a business insurance broker who makes a commitment to personalised service. By working with this type of insurance provider, you'll have someone who can work reliably and quickly.

The best business insurance brokers know the issues that you're dealing with, and they know how to get you the help you need straight away. You won't have to wait to ask questions or voice your concerns this way, and you'll get your answers promptly and without wasted time or stress.

3. Keep You Updated on Legal Requirements

As a business owner in Western Australia, you are required to maintain at least two types of insurance: workers' compensation insurance and public liability. Additionally, all businesses that own motor vehicles must maintain third party personal injury insurance. Every state in Australia has its own specific laws regarding the amount of business insurance required. Most business owners also choose to maintain property insurance and other types of cover as well.

Making sure that you are properly protected as a business owner is important - but ensuring that you're following all the local laws and regulations regarding business insurance is equally crucial. Choose a business insurance broker who is locally based, as this allows for the best knowledge and experience with the Western Australian business environment.

The best business insurance brokers will work to continually stay updated on all local insurance laws, rules, regulations and policies. When changes occur, you'll be informed of this straight away so that you can make any necessary changes. You'll have no more worries about whether you're following the local laws, whether you have the proper coverage in place or whether you need to purchase additional insurance cover.

The Westralian Insurance team is here to help with a full range of business insurance services. Contact us anytime for help with business insurance.

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