With more and more information available online about all sorts of things people are taking things into their own hands “do it yourself aka DIY” has become an increasingly popular trend. Purchasing insurance is increasingly being presented as one thing that people can do themselves and savvy marketing and digital companies are “selling” people on the promise of cheap and easy insurance while perpetuating the illusion of that insurance is a commodity. However, the reality is that we are not all the same and every insurance company and insurance product differs. These differences matter and both needs and products need the understood to ensure each client gets the right insurance from the right insurance company. This is particularly true when it comes to business or commercial insurance, but despite this reality people are still asking why do I need a commercial insurance broker?
Test To Determine If You Need A Commercial Insurance Broker
If you feel like you don’t need a commercial insurance broker than we’d encourage you to try to answer some or all of the following questions on your own:
- What is a waiver of subrogation and how does it work?
- What is an additional insured and why is it important?
- What are the 4 main coverages in a commercial general liability insurance policy
- What does an all perils policy cover?
- What’s the difference between commercial general liability insurance and professional liability or Errors & Omissions insurance?
If you aren’t able to answer some or all of the above questions we’d encourage you to avoid buying insurance directly from an insurance company. It’s important to understand some or all of the above and many other commercial insurance nuances, coverages, sub-limits, exclusions etc. to properly protect your business.
ALIGNED Insurance brokers are experts in business insurance and our brokerage is exclusively focused on commercial insurance. Request an insurance quote today and let us show you the benefit of working with on of the top commercial insurance brokerages in Canada.