BUSINESS SUPPORT XXXXXXX YOUR FMB FMB INSURANCE BROKERS
Be smart about how you protect your business by using the FMB’s insurance brokers to assist you, writes Director of FMB Insurance Services Emma Whyatt BROKERS ARE BEST
R eliable insurance is crucial for your peace of mind and the security of your business. Unlike with personal lines insurances – when people tend to go online to purchase cover – 93 per cent of commercial insurance in the UK is placed through insurance brokers, totalling a significant £69.3 billion annually (according to the British Insurance Brokers’ Association’s 2023 Manifesto). So with the vast majority of business being placed in this way, what are the benefits of using your FMB’s insurance brokers compared with other methods of purchasing insurance? Make use of our expertise The FMB knows construction and insurance so we understand your business, the risks you face and how, together, we can fill any gaps.
they make a fair presentation of risk, which means you must disclose every material fact you know, or ought to know. That is quite a responsibility. The benefit of using a broker is that they are aware of exactly what information an insurer needs and can advise you accordingly. They can give you tips on risk mitigation and other areas of business management. Save time and hassle Here’s how we save you time and energy: ● We source the market for you ● We approach a wide list of insurers ● We review quotes to see how they best meet your demands and needs ● We present you with our recommended quote. You leave it to us so you can focus on your own day-to-day operations.
Our staff are continuously training and undertaking qualifications from the Chartered Insurance Institute, ensuring we are up to date with industry knowledge. We can also help when it comes to assessing cost. We know that price is important, but the policy needs to cover you correctly. If saving a bit of money now prevents you from successfully making a claim in the future, then that simply isn’t a policy of value. You need the right policy at the right price with the right cover. Fair market assessment As brokers we have access to a range of quality insurers and their diverse catalogues of products, so we can create the correct insurance package for your specific business. This means that when you purchase an insurance policy you are investing in high-quality cover to protect your business both now and in the future. Mitigate risk Since the Insurance Act came into force, there has been a duty on commercial customers to ensure
Enjoy after-sales support We’re not just interested at the
point of sale – you have a dedicated representative who you can contact throughout the policy term to check if your current policy meets the needs of an upcoming project, make a claim, or if you just want advice or confirmation of your cover to secure a project you are bidding for.
How do I find out more
We make insurance our business, so you can protect yours. See how we can help protect your business by calling us on 01353 652760 or emailing at Insurance@fmb.org.uk
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