What Are Insurance Brokers?

In the world of insurance policies, you often hear the term “insurance broker” being thrown around by people and companies. If you are new to this world, you might wonder what (or who) exactly is an insurance broker.

Quite simply, the best insurance broker is there to help you make the best decisions regarding your insurance coverage. His or her job is to ensure that your needs are taken care of in a professional and timely manner. Unlike an insurance provider, an insurance broker works for you.

The many tasks of an insurance broker include assessing your needs. In the case of a professional liability insurance policy, your insurance broker would discuss with you whether or not purchasing this policy is in your best interests. In other words, your profession might or might not put you at risk of being sued for a mistake or omission that you might or might not have committed. It is your insurance broker’s responsibility to assess those risks.

Aside from this, an insurance broker is responsible of obtaining insurance quotes and comparing them. Working with your insurance broker is therefore the surest way to find a policy that is both affordable and reliable. Insurance brokers should never, under any circumstances, be biased. They should always put the needs of their clients first.

Because they have your best interests at heart, they also search for opportunities to lower your monthly premiums. For some people, it is possible to combine different types of insurance policies for discounts. Your broker will usually let you know when discounts are available. In the event of you making a claim, your insurance broker will also ensure that the claim is being handled properly by your insurance company.

Finally, a really good Edmonton insurance broker is there to answer any question that you might have. He or she will explain any insurance terms that you might be unfamiliar with and is committed to providing you with assistance whenever you need it. We always recommend that you spend some time discussing any question or worry that you might have with your broker before making an important decision that could affect your insurance coverage.

Professional Liability For Councilors

Nobody is immune to making mistakes. All humans err in one way or another, and professionals are certainly no exception to that rule. At the least expected moment, a lawsuit may be filed against a professional, accusing them of making an error or an omission in the process of discharging their duties. If the professional has the misfortune of being uninsured, those liability costs could prove to be quite expensive. This demands an immediate action to prevent such unwanted losses. Fortunately, a professional liability insurance policy does the trick. This policy covers individuals and organizations that offer professional and personal services—including councilors who can enjoy their very own professional liability Insurance policy for councilors.

Councilors—being elected members—represent their subjects at the local council. Consequently, their mandate is to work for the people who chose them. They play a big part in the council’s decision making as well as identifying, funding and maintaining several projects in the community. It is thus clear that they dedicate their terms and lives to the service of the society.

The position of a councilor may seem like a privilege but it comes with its lion’s share of difficulties. For one, negligence on their part can be very costly. Alleged actions might be the basis of a court case against them. Furthermore, subsequent defense costs in trying to clear their names in the courts might end up wearing them down financially. In fact, court cases involving government members are known to take long. This only means higher lawyer fees among the numerous other court charges. In addition, even the policies they formulate might be challenged in courts—something that would, evidently, cost them dearly. Judgments expenses would even be worse. That is why every councilor should be covered under a professional liability insurance policy for councilors.
Though it is not mandatory to have a professional liability insurance policy for councilors, it would be wise for them to act fast and get covered. In this times when people go to the courts over what was previously regarded as minor issues, there is no room to take chances. Requesting a free insurance quote today would therefore prove a brilliant decision in days to come.