Why should you buy a policy through an independent broker?
When you buy something like a car, wherever you buy it, the quality of that car will be similar for the same model and type. This is not the case for an insurance policy. The same type of policy (such as for all risks) launched by the same company, if being bought by different persons, the coverage, conditions, and insurance premium rates may be dramatically diverse. Although many kinds of insurance policy are standard policies largely used by every insurance company, it does not mean the coverage and conditions are the same. The word “standard” only refers to “minimum coverage” that the company preliminarily offers. Any legal contracts can always be amended and changed.
Since an insurance policy is very detailed and complicated, the insured should let the professional take care of it. An insurance broker is the representative of an insurance buyer. It will be your personal insurance department, just like how HR department, legal department, accounting and finance department and procurement department are run, except that this insurance department is located at our company and works at our company’s expenditure. Therefore
“WE ARE ON YOUR STAFF BUT NOT ON YOUR PAYROLL”