Choose an insurance adviser and present your risk

Introduction

As a business owner and/or employer you will probably use two types of insurance adviser.

General and commercial risk insurances are dealt with by an insurance broker. You will need to identify the type of insurance you need so that you can find a suitable broker for your business.

Life assurance, protection and health insurance are dealt with by independent financial advisers (IFAs). Insurance brokers and IFAs act as intermediaries between you and an insurance company.

Alternatively, you can contact insurance companies directly, but you might find it easier to use an insurance broker or IFA.

This guide explains the issues involved in choosing both types of adviser and how to present your risk details.

Subjects covered in this guide

• Introduction
• Who to consult and how insurance works
• Minimise your risks - and your costs
• Presenting your risk details
• Where to get advice on choosing a broker
• Where to get advice on choosing an independent financial adviser
• Manage the relationship with your insurance adviser
• Where to go if you have problems with your broker or insurer

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