| Our Role |
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| Effectively, the primary role of an Insurance Broker can be summarised
as follows: |
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| Perhaps the following quote from the
Foreword of Lloyds Diary printed by Lloyds of London Press Limited
would best summarise the Role of an Insurance Broker
: |
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| "First, regarding
the Broker, his duty is to represent the Assured; to discover his
needs; to put his risks before the underwriters in as favorable
a light as possible; to obtain the best terms for him when the Insurance
is placed; and (if there should be a claim) to arrange the settlement,
collect the money from the underwriters and pay it out in the right
quarter. He must know the market; be able to select the most suitable
underwriter for each risk; be sufficiently acquainted with the law
to secure the contract of insurance in its right form; to prepare
the policy and get it signed on behalf of the underwriters; give
his help and guidance in the preparation and handling of claims;
and generally to act as philosopher and friend to the clients who
entrust him with their business" |
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