There are two ways to get commercial insurance quotes for your business: Do it yourself or pay an insurance broker to do all the legwork. If your time is worth anything to you – assuming it is better spent running your business that is, you would do well to choose the broker.
What does a commercial insurance broker do? Well, she does what you would do, if you were to go about getting quotes on your insurance needs on your own. Except – she does it with a lot more knowledge end experience than you could ever do – unless you were actually in the insurance business yourself. Anyone who does something for a living almost automatically becomes an expert at that one thing. Hopefully you are an expert at what you do in your business, but no one would expect you to be a commercial insurance guru in any way – so why insist on doing that very important piece of work yourself?
If you hire a commercial insurance broker, you will probably have to have a couple of meetings before she can start getting quotes for your business. This is to make sure she has access to every last bit of information about your business which might have significance to the size of your insurance premium – or as to whether you can be insured at all. This can amount to a lot of data, so to make it as easy as possible to yourself and the broker, make some kind of arrangement which allows her to get the information herself – without you acting as a middleman everytime she needs to see a file or look behind a door.
Then, when she has the information she needs, she will begin to shop around for quotes. She will know how to interpret the quotes as they come in, and can catch anything dubious before you commit to it. This way you avoid falling for a seemingly good deal – which is really one pitfall after another. A broker is recommended!