(http://optimuminsurance.com.au/Blog/tabid/158/ArticleID/6/The-benefits-of-engaging-an-insurance-broker.aspx) - We ask you to consider the following which should help you make a better informed decision:

1. Benefits of Engaging an
Insurance Broker

2. Insurance Expertise
We ask you to consider the following which should help you make a better
informed decision:
• Do you have expertise in insurance and fully understand the terms,
conditions and exclusions of the insurance product(s) that you have or
intending on purchasing?
•
Would you know what to do in the event of a claim?
A solicitor is needed in a legal dispute, and an accountant helps to lodge your
company's tax return, an insurance adviser is there to look after your overall
insurance needs.

3. Professional Advice
When arranging insurance without dedicated professional advice, many
people fail to understand the policies they are purchasing. Dealing direct with
insurance companies may save you money, however without entirely
understanding the terms and conditions of your insurance policy, have you
got the right cover and will the policy respond in the event of a claim? It may
well turn out to be an extremely expensive exercise.
It is all too often the case that there is disappointment when a claim arises
and the insurance policy doesn't respond in the way customers believed it
should. This is generally due to lack of understanding of the terms, conditions
and exclusions of the policy.

4. Insurance Advisers
Insurance Advisers are vital components of the business process. We advise
business owners and managers on the best ways to “transfer” the inevitable
risks they carry as part of doing business. Which enables businesses to plan
ahead with the certainty of knowing they have financial protection against
loss, injury or threat to the well-being of their business.
We specialise in insurance and it is our role to understand your business,
identify your insurance risks and find the best available cover through our
range of insurers. We have access to a range of different policies and will
advise you of the policy features, exclusions and costs of competing policies
on the market. We act in the interests of our clients, not the insurer The only
.
exception is where a special agreement with an insurer exists, which will be
disclosed to you should this be present.
We also provide invaluable help in the event of a claim. We know and
understand the system and can simplify a process that is often timeconsuming and technically difficult.

5. Adequate Protection
Our role is to serve our client's interests with integrity at all times and as
members of the National Insurance Brokers Association, we are governed by
the Insurance Brokers Code of Practice. We are also regulated and
monitored by ASIC under the Financial Services Reform Act 2003 and the
Corporations Act 2001 to ensure you receive the most accurate, appropriate
advice for your needs.
For your business or personal insurance needs, we can provide advice and
assistance to make sure you are properly protected.

6. The Role of An Insurance Broker
•
Conduct a risk/needs analysis and advise our recommendations on the
correct covered required to protect the individual or business’s assets and
liabilities
•
Recommend the appropriate insurer to match the risk
•
Only recommend financially secure and stable insurers
•
Provide alternatives on your risk retentions through various excess options
•
Provide alternatives to pay premiums in monthly instalments
•
Prompt and timely serving of all requests to ensure that our clients are
adequately informed of issues that may effect their individual / business
needs

7. Claims Support
In the event of a claim, we provide you with support when you need it most:
•
•
•
•
completing the claim from
arrange a loss adjuster if required
,
submit the claim form to the insurer
provide advice to ensure that you have received full entitlements

8. How do we get remunerated?
As a requirement under the FSRA 2002, we are obligated to provide all our
clients with a Financial Services Guide which contains information about our
services and charges, including our clients rights as a client and other matter
such as how an complaints are dealt with.
We are paid commission for the insurers which can range for 5% - 22.5%
and also charge a broker fee which varies dependant on the type on
insurance cover
.

9. Connect With Us on Social Media
http://www.facebook.com/OptimumInsurance
http://www.linkedin.com/company/optimum-insurance
http://www.youtube.com/user/OptimumInsurance
https://twitter.com/#!/Optimum_Online
http://www.optimuminsurance.com.au/Blog.aspx
https://plus.google.com/u/0/100198722059770097421/about#1
00198722059770097421/about

10. Contact Us
Phone
Fax
Hours
Email
Website
+61 1300 739 861
+61 1300 732 225
9.00am to 5.00pm (EST)
Monday – Friday
service@optimuminsurance.com.au
www.optimuminsurance.com.au
Office Location
Level 1, 27 Belgrave Street,
Manly NSW 2095
Presentation Disclaimer –– “This material contains general information only and may not suit your
particular circumstances. To decide if a policy is right for you please carefully read the relevant Product
Disclosure Statement (PDS) and/or Policy wording. A copy of the PDS or policy wording is available by
contacting our office on 1300 739 861;”
Disclosure Statement – “Optimum Insurance Services Pty Ltd is a Corporate Authorised
Representative of Insurance Advisernet Australia Pty Ltd (Car No. 291220), Australian Financial Services
Licence No 240549, ABN 15 003 886 687.”