An Insurance Broker Optimises Your Company’s Insurance Coverage
An Insurance Broker Optimises Your Company’s Insurance Coverage
An insurance broker ensures that you do not pay for unnecessary business insurance or leave gaps in your insurance coverage
An insurance broker helps you get the best possible insurance coverage for your company's operations. A broker is an insurance expert who does not represent any insurance company. Rather, they always work to benefit you, the client. The insurance broker knows business insurance like the back of their hand, and they also know the insurance needs of a wide variety of businesses.
When you work with an insurance broker, you get to take advantage of the best business insurance prices and avoid double insurance. The broker identifies the risks related to the business of the company you represent and ensures that risks are taken into account in the company's insurance policy. You do not need to worry about whether your insurance is up to date – the broker takes care of that for you.
Most importantly, your company may also benefit from insurance policies that could not be accessed without the help of an insurance broker. Such policies include insurance solutions available on the international market, for example.
What is an insurance broker?
An insurance broker is your trusted partner in matters related to business insurance, risk management and claims. The insurance broker examines the business of the company you represent in depth and identifies the special needs of your industry.
They will make sure your company's insurance is up-to-date, and they will also regularly review your coverage. The broker will also make proposals for changes to improve insurance coverage and will tell you when it is time to tender. In addition, the broker will keep you informed of new insurance solutions and other matters that could suit the business of the company you represent. When your company has a management contract with an insurance broker, the broker handles daily insurance matters on your behalf, reports on how things are progressing and ensures that the company's insurance coverage remains at market price.
At Söderberg & Partners, the client is always assigned a personal insurance broker. Our insurance brokers offer services in 16 locations in Finland, from Tampere to Vaasa and Oulu. We also offer local services abroad through our diverse contact network. Forget queueing at the insurance company's phone service – let your insurance broker take care of things. At Söderberg & Partners, you can also ask us to optimise your employee benefits.
An insurance broker knows different industries
An insurance broker works with clients from many different industries, so they likely have special expertise in your field as well. The broker helps you to identify the risks in your business and industry and to protect yourself with excellent and cost-effective insurance coverage.
All of our insurance brokers are part of our Nordic Group and a strong international network. Thanks to its size, our network has strong bargaining power to agree on more competitive pricing and better insurance terms from the client's perspective.
A good insurance broker is also able to identify situations where taking a moderate risk might be more sensible than taking out expensive insurance. After all, the role of a broker is not to sell the most insurance policies, but to optimally secure the business of the company you represent.
Insurance brokers in Finland
The profession of an insurance broker is regulated at the EU level. Only a trained professional can be an insurance broker. In Finland, the activities of brokers are supervised by the Finnish Financial Supervisory Authority. The profession of an insurance broker is so demanding that the position requires a degree (in Finnish). Only a party entered in the Finnish Financial Supervisory Authority’s register of insurance intermediaries can use the title of insurance broker or insurance intermediary. Söderberg & Partners is also a member of the Finnish Insurance Brokers’ Association.
What does an insurance broker do?
An insurance broker will tender the company's insurance on your behalf. You save on the company's budget and your valuable time by letting the insurance broker handle the tendering of your company's insurance policies. The broker is a professional in the industry: they acquire and tender insurance coverage for a living. This means that the broker has a very good sense of the pricing and terms and conditions of different insurance policies. If necessary, the insurance broker can also negotiate special terms and conditions for insurance coverage, for example.
In Finland an insurance broker always represents you, their client, never an insurance company. As our client, you will be able to choose from a wider selection of insurance, because we have access to an international insurance market and services from operators who only offer their services through an insurance broker.
Does the company I represent need an insurance broker in Finland?
In Finland, the services of insurance brokers are mostly used by large companies, but recently medium sized companies have also discovered the benefits brought by insurance brokers. In Finland, it is illegal for an insurance broker to take a fee from an insurance company, so insurance brokers are experts independent of insurance companies. The most cost-effective use of an insurance broker is in companies that have a lot of assets or personnel to insure, or the company has business operations abroad. For small or start-up companies, the services of an insurance broker in Finland are mostly not cost-effective.
We will ensure that your business is appropriately insured
In short, appropriate insurance means that your business insurance covers the risks associated with your company's activities. We will ensure that your business is always insured in the best way possible, at a cost-effective price. Contact us to learn more!
