In recent years, an increasing number of Irish businesses, both big and small, have been opting to use insurance brokers instead of purchasing policies directly from large multinational insurance companies. While some have highlighted a desire to support Irish companies and workers, there are a multitude of reasons why this trend is continuing to grow. The shift is driven by several key advantages that brokers offer, ensuring better value, tailored coverage, and enhanced support for businesses. When we explore why this trend is gaining momentum, the picture becomes very clear.

One of the primary benefits of using an Irish based insurance broker is the ability to receive highly customised insurance solutions. A good insurance broker takes the time to understand the unique needs and risks associated with your business, ensuring that the coverage is tailored specifically to those requirements. This personalised approach is often lacking when dealing directly with large insurance companies, which tend to offer more generic, one-size-fits-all policies. If you are a construction company based in Dublin, your needs may be quite different to one based in Donegal, for example.

Insurance brokers have access to a wide range of insurance providers and products. This extensive network allows them to compare different policies, coverage options, and prices from various insurers. By leveraging their industry connections, brokers can find the best deals and most comprehensive coverage, something that businesses might struggle to do on their own.

For businesses Navigating the complexities of insurance policies can be daunting.

Insurance brokers are industry experts who provide valuable advice and guidance to their clients. They help businesses understand the nuances of different policies, ensuring they make informed decisions. Moreover, in the event of a claim, brokers act as advocates for their clients, handling negotiations and ensuring a fair settlement. Research from Ernest and Young suggests that beyond the price, what many customers are still looking for is to receive tailored advice from a professional whom they trust and who understands their needs.

Contrary to what some might believe, using an insurance broker can lead to significant cost savings. Brokers are skilled negotiators who can secure better rates and discounts from insurers due to their volume of business and industry relationships. Additionally, by tailoring policies to meet exact needs, brokers help businesses avoid paying for unnecessary coverage, further reducing costs. Listen to our podcast with restaurant insurance expert, Darren Lundy (Click Here). Darren talks with Hartley Restaurant owner, Julie Shiels, about why she engaged Dolmen Insurance brokers, and how they managed to reduce their business insurance costs by almost 40%, without compromising cover.

Time is Money

For many business owners, time is a precious commodity. Researching and comparing insurance policies can be a time-consuming process. Brokers streamline this process by doing the legwork, presenting the best options, and handling the administrative tasks involved in securing coverage. This efficiency allows business owners to focus on running their operations without the distraction of managing insurance details.

Insurance needs can change as a business grows and evolves. Brokers provide ongoing support to ensure that a business's coverage remains adequate and up-to-date. They conduct regular reviews and adjust policies as needed, offering proactive risk management advice to help businesses mitigate potential threats and avoid future claims. Your business activities often evolve, and where you need cover and protection often changes. Many brokers specialise in certain industries, bringing a deep understanding of the specific risks and regulatory requirements involved. This specialised knowledge allows them to design insurance programs that address the unique challenges faced by Irish businesses in those sectors, providing a level of expertise that might be difficult to find when dealing directly with large insurers. Business owners need to feel their policy will be administered by qualified experts, who will be available should they need them, rather than feeling like 'just another number' calling a call centre.

Whether you run a small startup or a large corporation, partnering with an insurance broker could be a strategic move to safeguard your business's future. At Dolmen Insurance Brokers, we can offer your business cover, both for Ireland, and for Irish companies with an overseas presence. Protect your business, and talk to one of our qualified commercial insurance experts today!

Call: 01 867 2121Visit: www.dolmen-insurance.ie

info@dolmen-insurance.ie

Dolmen Insurance Brokers Ltd. is regulated by the Central Bank of Ireland.