To ensure that you are partnering with the right broker to provide you with tailored insurance solutions for your specific needs, look through our list of questions to ask your insurance broker.
Insurance Broker Question
- Q: Do you have professional indemnity cover?
A: It’s important for your broker to have professional indemnity cover to ensure that you’re protected if your insurance broker has been negligent in dealing with an insurer on your behalf.
- Q: Are you licensed to sell this product ?
A: Ask to see proof of your insurance broker's credentials and ask about their experience and client base. Hollard Zambia deals with all Pensions and Insurance Authority approved brokers.
- Q: What kind of communication do you offer your clients?
A: An insurance broker should keep in touch with clients, perhaps via a newsletter or an annual update visit. They should also be proactive in recommending changes or additions to your cover, depending on market conditions, or important events in your life, such as the birth of a child or a child reaching the age of 18.
- Q: What claims service do you offer?
A: Your insurance broker should handle all of your claims queries on your behalf and ensure that the process runs smoothly. Your insurance broker should be able to deal with difficult claims or disputes about your coverage.
- Q: Are you available after hours?
- Q: May I contact some of your existing clients for a reference?
A: Word of mouth is the best way to establish your insurance broker's reputation for service.
- Q: How are you compensated for this service?
A: Your insurance broker should be earning his fee from the insurance company who underwrites your policy; their fee should not be your responsibility. Hollard has carefully chosen insurance brokers in Botswana who will be happy to give you more information – and address all your insurance queries.