We know that hiring insurance for a company is not easy. For any branch there are different types and coverages that only professionals in the sector can inform you about which is the best insurance according to your activity. This is where the opportunity to hire an insurance broker appears, which will become essential in the day to day of your company.
What is an insurance broker?
The insurance broker is an insurance mediator, that is, a professional in the sector who searches the market for the best insurance option for your risk. In other words, the mediator or broker advises the client on which is the best insurance for their situation, advising them at all times based on the risks to which they are exposed according to their professional activity. In this way, and without being linked to any company, it is guaranteed that the insured risks are fully covered by the contracted policy.
Types of insurance brokers
To further highlight the figure of the broker, we explain the difference between insurance brokers and insurance agents, the types of insurance mediators in Spain and their definitions. These are differentiated into three types and their definition was updated after Royal Decree Law 3/2020, of February 4, on insurance distribution. This division is based on the relationship between brokers and insurance companies.
Difference between insurance agent, bancassurance operators and insurance broker
Insurance agents
Insurance agents are individuals or legal entities that distribute insurance through agreements with companies. These agents are divided into two classes:
Exclusive Agents: Agents who exclusively distribute the insurance of a single insurance company.
Bancassurance operators
They are the banking entities that, through insurance agency contracts, distribute the insurance of one or several companies. They may be exclusive banking-insurance operators or linked banking-insurance operators.
Insurance brokers
Insurance brokers are natural or legal persons whose activity is the mediation and distribution of insurance without binding agreements with the companies. In this way, insurance brokers offer independent, professional and impartial advice, in search of correct risk coverage for their clients. In addition, they provide services as an advisor and claims manager.
Without a doubt, hiring a broker as an insurance mediator is the best option for your company. Without links with the companies, the insurance brokers are in the middle of the operation, mediating so that the insured risks are fully covered in the event of an accident.
How much does it cost to hire an insurance broker?
Hiring insurance with an insurance broker does not make your policies more expensive, on the contrary. Thanks to Viafina’s experience, being experts in mediation for companies, we have the possibility of negotiating and improving the conditions of any policy without losing the essential coverage for your activity.
Why hire an insurance broker?
We search among the insurance companies which is the best option for you. We carry out a financial study, analyze the possible risks and study the best offers on the market according to your activity.
On occasions, we have come across companies that do not fully cover their activity and risks, with general policies and basic coverage, and in the event of an accident, the damage is doubled.
If you still hesitate to hire an insurance broker, here we give you several reasons to show you why Viafina is the best option:
We defend your interests
Hiring an insurance broker is going to an independent professional who will look after your interests, not those of the insurance company. A broker’s product is the one that fits what you need, regardless of who the company is that sells it.
Claims management
In the event of an accident, you will not have to worry about anything. The brokerage will be in charge of managing it and will defend your interests against those of the insurer.
Integral management
Forget about cumbersome procedures with insurers. From the insurance broker they will manage all your policies and looking out for your interests, just as you would.
Time saving
You do not need to waste time, searching and choosing between multiple options, the insurance broker does it for you.
It won’t cost you money
Yes, as you read, despite what many think, it does not mean a higher price for you, the broker’s remuneration is paid by the insurer. Therefore, get rid of the idea that going to an insurance brokerage is more expensive, in fact, you may save money.
Knowledge of the insurance market
One of the problems when hiring insurance is the lack of knowledge on the part of the client of the different options that exist. As professionals in the insurance sector, an insurance broker knows the market perfectly and is always aware of any news to communicate it to you if it could be interesting.
Personalized
The treatment of an insurance brokerage is far from the treatment offered by an insurer, here the center is you, not the product. The broker analyzes your case and offers you only those policies that cover your needs.
