Advantages of a Broker
It benefits you to work with us
Since we are specialists in insurance and risk management, we are an essential partner within your business operations. We provide you with professional advice, based on years of training and experience because we have thorough understanding of the insurance market.
As your broker, Marara Risk Solutions will help your submit claims and manage any dispute whilst ensuring that you are treated fairly by your insurer. Your Broker act as your advocate in settlement of any claim that may be made to you under your insurance. Claims are pro-actively handled, minimising costs and losses.
A Broker will assist you in identifying insurable and uninsurable risks thus allowing you to take informed decision on the level of cover you need, provide insurance solutions, acquire, and maintain insurance cover. We work in your best interests to provide insurance options and solutions to assist in mitigating both the financial and personal impact of losses within your business operations. We help you understand the details of a policy and also work out what level of cover you need. We provide you with tailored risk management solutions thst suits you.
You Save on Premiums
Despite what Direct Insurers may say in their advertising, it is not necessarily cheaper to cut out the middleman. Insurers that use Brokers pay ongoing commission on premiums, as opposed to Direct Insurers, who often pay Call-Centre agents a commission. It may be difficult for you, the consumer, to compare quotes from insurers, because they may assess your risk differently, require different levels of excesses, and/or offer different “bells and whistles”, such as cash-back bonuses. This is an added reason for relying on the expertise of a broker in decision making.
Adheres to the Regulatory Environment
Brokers are obliged to be registered as financial services providers with the Financial Services Conduct Authority and must comply with the requirements of the FAIS Act. This addresses things such as disclosure, needs analysis and rights of recourse. Brokers receive ongoing professional education through regular conferences and workshops. Relationship managers from the insurance companies regularly call on brokers to keep them updated on development and latest products available.
We care about our Clients' Business
We work for you, not the insurer. It is our duty of care to represent your best interests at all times. Understanding your day to day activities and the range of issues you face means our products and services will be tailored to your needs. We will ensure that you have the insurance solution in place to properly protect your business. Furthermore, we are advocates for our clients and will defend our clients entitlements.