Why use a broker?

Why use a broker?

An Insurance broker is a professional firm regulated by the Financial Conduct Authority (FCA) whose prime purpose is to help customers find suitable cost effective insurance protection.

Brokers can give advice on numerous issues including support in the event of a claim. Brokers are the agent of the client; they represent the client's interests. BIBA members provide advice, guidance and choice on a range of risk management services and insurance products.

Why use a broker?

  • An insurance broker will give you professional and independent advice
  • An insurance broker will find you the most suitable insurance cover to meet your needs from a range of products from various insurance companies
  • Insurance brokers are regulated by the Financial Conduct Authority (FCA) to ensure that they deal with customers competently and fairly
  • Insurance brokers can help you work out what cover you need, find the right policy for you and even help you in the event of a claim

The British Insurance Brokers’ Association (BIBA)

The British Insurance Brokers’ Association (BIBA) has launched a series of videos explaining the value that customers get when they use a broker.

How insurance brokers help their customers

An animation which explains how they can help customers - particularly if they're struggling to find appropriate cover.

Cinderella and the BIBA broker (business insurance)

Cinderella suffers an unfortunate incident. Luckily, she got her insurance through a BIBA broker and everyone lived happily ever after.

Hickory Dickory Dock and the BIBA broker (business insurance)

A clock-maker and jeweller business suffers an unfortunate incident. Luckily, the owner got his insurance through a BIBA broker and everyone lived happily ever after.

Humpty Dumpty and the BIBA broker (business insurance)

Humpty Dumpty suffers an unfortunate incident at work. Luckily, his boss got his insurance through a BIBA broker and everyone lived happily ever after.

The Three Little Pigs and the BIBA broker (business insurance)

The Two little pigs and son business suffers an unfortunate incident. Luckily, the third little piggy got his insurance through a BIBA broker and everyone lived happily ever after.

Need a BIBA broker?

You can find a list of brokers on the British Insurance Brokers' Association website.