Whether you're looking for personal cover or insurance for your business, an insurance broker can help you understand the ins and outs of different insurance policies.

RELATED: Understanding Short-Term and Long-Term Insurance

What Is an Insurance Broker?

They are the middleman between you and an insurance company. Unlike agents who work for specific insurers, brokers are independent and work to find the best policy for you. They know the market, understand different policies, and can break down the fine print so you know exactly what you're signing up for.

What Does an Insurance Broker Do?

Brokers do much more than just find you a policy.
• Understanding your needs: They take time to assess what kind of coverage suits you best.
• Giving expert advice: Brokers offer recommendations based on thorough market research.
• Managing risks: Brokers identify potential risks and suggest ways to protect yourself.
• Handling paperwork: From applications to renewals, they take care of the admin side of things.

Types of Brokers

There are different kinds of brokers, depending on the type of coverage you need.

General insurance brokers:

They handle a range of policies from life, health, car, pet, to household insurance.

Independent insurance brokers:

These brokers do the hard work of researching options, so you can make an informed decision.

Business insurance brokers:

Also known as commercial insurance brokers, they specialise in helping businesses protect their assets and manage risks.

RELATED: Business Insurance for Retailers; Business Insurance for Restaurants.

How To Find the Right Insurance Broker

Here’s what to look for:

Experience & Specialisation
Find someone with expertise in the type of insurance you need.
Licensing & Accreditation
Make sure they’re registered with the right regulatory bodies.

Doing Your Insurance Research

Whether you’re using a broker or making decisions on your own, we know one size doesn’t fit all. At dotsure.co.za, we offer a range of options for car insurance, extended car warranty, pet insurance, and business insurance!