How to choose an insurance broker for Your Organisation
After reading our previous blog post, “Why Use an Insurance Broker”, you may be wondering how to choose the right brokerage for your organisation. Selecting the right broker is about more than just finding someone to place your policies—it’s about finding a trusted partner who can support your risk management strategy. Here are some key points to consider.
Values Matter
Look for a broker whose values align with your organisation.
If supporting the local economy is important to you, consider a local broker.
If your sector requires specialist knowledge, choose a broker with expertise in your industry.
A values-based approach ensures a stronger partnership and better understanding of your needs.
Check Qualifications
No formal qualifications are required to become an insurance broker, so it’s important to look for brokers who have completed professional qualifications.
In the UK, the professional body for general insurance is the Chartered Insurance Institute (CII). A qualified broker may have Cert CII, Dip CII, ACII, or FCII after their name, and possibly hold the Chartered Insurance Broker title. You can check a broker’s membership and qualifications using the CII member database.
Seek Recommendations
Ask your contacts if they can recommend a broker and why. A strong relationship with your broker is vital—they should feel like an extension of your risk management team. Ideally, your broker will provide guidance before launching new products, undertaking mergers, or making strategic decisions.
Next Steps
If you’ve considered these points and would like to see if Talbot Jones Risk Solutions is a good fit for your business, please get in touch via our contact page. We’d be happy to discuss your needs and how we can support your risk management strategy.
