An insurance broker does all the work on behalf of the client and acts as a professionally trained personal advisor on insurance matters. Brokers give you an expert, unbiased advice for your individual needs. We want to ensure that you, your family, your business, and your possessions are properly protected in order to provide you with peace of mind. A broker’s job doesn’t finish at the point of selling a policy; you will be guided by your broker in policy coverage, any changes in policy and claim & settlement process.

Every business needs a broker, as they save you time, money and they allow you to sleep easy knowing your business and your personal assets are protected. The coverage of your business can be ensured by your broker as they understand the fine print when it comes to a broad range of insurance matters.

For every business, Public & Products Liability Insurance is VITAL, as if an accident involving bodily injury or property damage occurs and you are held liable it can be extremely expensive. It is strongly recommended that you should have an adequate cover due to the possibility of being sued for being negligent.

Premium should not be the only parameter while choosing policy; it should also be based on cover, service, and reliability. Cover: for the best protection of your business you want the broadest cover possible, if you are shopping on price you may get a lesser quality policy leaving your business exposed. Service: If you are to place your policy with us you have a dedicated account manager that will be there to handle all your needs and you won’t have to speak to someone different overseas every time you call. Reliability: you can rely on the fact that you will have the support from your broker when you need it.

Insurance rates (also known as premiums) are based on risk and exposure. Risk refers to the likelihood of a loss, while exposure refers to the impact of a loss. Statistics, individual factors such as age, location, etc. are used by Insurance Companies to measure these factors.

To reduce risks and make saving on insurance premiums, brokers suggest their clients to adopt risk management procedures. Risk management is all about taking precautions to reduce the risk of loss – this might include fitting smoke alarms or sprinkler systems, or extra security on windows and doors. In commercial premises, it might involve safer working practices within the factory or more staff training in safety, or even practice fire drills and evacuation procedures. There are so many risk management techniques for larger businesses as well, which are all designed to lower insurance risk exposure and costs.

Your Insurance Broker must be a member of The Insurance Brokers Association of India. This is the professional body, which ensures that broker members operate with accuracy, efficiency, and professionalism, as set down in the Code of Conduct to protect you as their client.

No, there is a very big difference between the two. The agent acts on behalf of one or more insurance companies and can only sell what his principal insurer has to offer. We, at MIALTUS Insurance Broking, act on behalf of you, the client. We, as a licensed insurance broker, are legally obliged to act in your best interests, are not tied to any insurer and can arrange the best protection for you at a competitive price, normally ascertained after a due diligence exercise with all the insurers in the market.