Firstly you need to have the correct cover for your business’s exposures, with no gaps or exclusions. Asking your broker to check your business insurance cover with this in mind should ensure you are properly protected.

• It is absolutely free of charges.
• The services provided by an insurance broker is free
• Unlike other brokerage services insurance brokers doesn’t charge their clients any commission. As per the guidelines of National Bank of Ethiopia insurance brokers collect their commissions from the insurance companies. Furthermore, the guideline states clients shall not be charged more premium for any policy when they go through brokers as opposed to going through an agent or direct walk in. To put it simple all the services you get from brokers is absolutely free.

• A broker uses their expert knowledge to highlight areas of cover that you may not have considered but that could potentially expose your business to risk.
• A broker can structure comprehensive insurance programs with the help of benchmarks, data & analytics and risk trends and help place them with insurance carriers at the most optimum so that you can focus on what’s important – growing your business.