What is the scope of action of a business insurance broker?
The mission of an insurance broker is both broad and specific. To give you a precise idea of their scope of action, we review the main tasks they perform for your company as well as the different insurance areas they manage.
What are the tasks of a corporate insurance broker?
Concretely, what tasks does a broker handle? Simply put, they manage all administrative flows related to your insurance and risk management, thereby ensuring the transmission of adequate and correct information to all stakeholders, at the right time.
What does this mean more precisely? Here are the main tasks they perform for you:
- Audit of existing insurance coverage and preparation of a detailed report
- Definition of a coverage concept aligned with identified risks and your company’s reality
- Proposal of innovative and customized solutions, including hybrid or self-insurance models
- Management of policy renewals and tenders, with active negotiation with insurance companies
- Presentation of price and quality comparisons, followed by implementation of selected coverage
- Control and management of premium notices (allocation by entity) and all insurance portfolio documents
- Proactive claims management and support for preventive measures with insurers
- Rapid information processing and management of response times
- Search for optimization solutions for the protection/cost ratio and conceptual and technological innovations
- Organization of dedicated sessions: action plan, risk cockpit, risk management policy, activity report
- Active market monitoring and tracking of legal framework developments
What insurance areas are managed by a corporate broker?
A corporate insurance broker supports you in the comprehensive management of your risks, with no blind spots. Their mission: understand your reality, anticipate exposures, and build tailored solutions, regardless of the risk involved. Employee protection, asset security, project support, or business continuity in the face of unforeseen events: the broker intervenes across all insurance areas, with a coherent and customized approach.
More specifically, the insurance areas covered are:
- personal insurance (LAA, LAAC, PGM);
- occupational pension provision (LPP);
- property and assets;
- construction and project owner liability;
- vehicle fleet;
- special risks: cyber, environmental, or specific crisis risks;
- transport and Fine Art;