Why use an Insurance Broker?

Why use an insurance broker to obtain your General insurance?

An insurance broker is able to save you not only time, but also money. They can take the worry away because you are getting advice from an experienced expert which in a way gives you additional protection. They owe a professional duty to you just like an accountant or lawyer who provides you with professional advice. A qualified Insurance Broker usually will have years of training and experience and is also able to give you true professional advice.

When arranging insurance, many people just do not understand everything that is needed to make sure the right protection is in place. Many will take shortcuts without seeking proper advice. They often not only do not understand the fine print or even skip it because it is simply uninteresting. So they would not even know if they are getting value for money. Then at Claim time they can be quite disappointed when their insurance doesn't come to the rescue.

Direct Insurers generally will not give personal advice. They are selling one product, their own, so they will at best tell you why it is the best, but they will not tell you when it is not as good as another. An Insurance Broker will.

Then when it is Claim time, you are at the Insurer’s mercy. With an Insurance Broker on your side, they can assist in negotiating and settling any claim as they understand how the Insurance Policy is intended to work.

Despite the Federal Government’s best efforts to protect the consumer better with the Financial Services Reform Act, it has instead driven a clear divide between those providing personal advice and those that do not particularly on home or car insurance. Direct Insurers have improved margins by reducing paperwork that normally comes with Personal Advice. Insurance Brokers simply cannot compete when it is only price driven. Their advice, expertise and assistance is factored into all types of Insurance and this does come at a cost.

The best example of this are the recent flood claims many people sought to make on their Householders Insurance policies only finding out then they did not have this cover. The onus was on the Householder to ask questions of the Call centre staff about what was covered in their policy. Instead they were sent a 40 page Product Disclosure statement and asked to work it out for themselves. An Insurance Broker takes care of this for you.

With business insurance, brokers provide advice and assistance to make sure you are properly protected. Skill and knowledge is needed to advise a client on what their risks are and how they can be protected.

 Using a broker doesn't necessarily cost more. Often it costs less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf. A broker will also explain your policy and any special issues you need to watch out for. Furthermore, a broker will advise you of any additional fees charged for services provided to you.

 An insurance broker's foremost duty is to act in the client’s best interests. An insurance broker works for you. That's the reason to use an Insurance Broker, but call a good one.

Call CPR Insurance – experts who will save you! 

After the Storm - you are on your own

NIBA - Why use a Broker?

Latest News

CPR now CAR of Ausure

From today, 5th March 2018, CPR Insurance Services are now Corporate Authorised Respresentatives of Ausure Pty Ltd.

CPR Insurance Services effectively outsources its IT Broking systems, Accounts, Compliance and support systems to Ausure for a very reasonable cost. It allows us to concentrate on being Insurance Brokers knowing we have strong support from a large prominent Insurance Brokerage and deliver the best possible Insurance Service to you..

For our existing clients, your Invoices will look a little different, premiums are made payable to Ausure Pty Ltd (as provided on the Invoice). However, our service to you will remain the best it can be.

From our point of view, we expect to have quicker and more responsive support. They are providing Broking Systems more advanced than most insurers. They are Brisbane based giving us a feeling of local support. We are now closer to the Steadfast Group who part own Ausure. They have been very strong supporters of our business and assist us in all areas of Insurance, including providing very advanced Quoting systems and carefully negotiated broader policy wordings.

We look forward to building a great relationship with Ausure that we are sure will benefit our clients.

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CPR joins Ausure

We would like to announce to all our Clients, Prospective Clients, Suppliers and Insurers, that Cooper Professional Risks Pty Ltd trading as CPR Insurance Services, will be leaving National Adviser Services Pty Ltd (NAS) and joining Ausure Pty Ltd as a Corporate Authorised Representative from 5 March 2018.

Fundamentally, there is no difference to you, except our Invoices will look a little different, and the Banking details will be in a different name and account number. Everything else at CPR stays the same.

There are a number of reasons we have made this decision, but the primary reason is for what we believe is best for our clients.

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