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How to Select a Broker

MITBA offers a service to help Business and Consumers find a Broker they can trust. To find a Broker, click here "broker finder". You will benefit most by developing a close business relationship where the broker understands your future plans, the associated risks and how you like to do business.

Before selecting a broker there are some basic questions you need answered by the broker especially when looking for business insurance. For example :

  • Do you need business or domestic cover?
  • Are you looking for special services? For example, special risk management services or technical advice?
  • Would you prefer to work with a small or large firm?

Ask the brokers you've selected to give you an expression of interest or a proposal. From the expression of interest you'll get a feel for which one may be right for you. This should detail :

  • Their qualifications and registration with official bodies or associations
  • Who would service the account
  • Their experience with your type of business
  • Their range of services
  • Size of their “typical” client
  • How they bill for work
  • Referees.

If you are a business, you might then ask the broker to make a presentation. At the presentation you should look for :

  • Business compatibility
  • Level of commitment
  • How they propose to solve your insurance problems
  • The competitive advantages of their firm over any others you may have selected.

Once you've made a decision, include a review period in the relationship with your broker. This allows both parties to discuss issues of concern and see if the relationship is working.

Call/contact a broker today and have a peace of mind that you have purchase the correct protection to cover the risk

Unit 303 Block A, Pusat Dagangan Phileo Damansara II.
No.15,Jalan 16/11.Off Jalan Damansara,
46350 Petaling Jaya,
Selangor Darul Ehsan.

Tel: + 603 79608191 / 79609476
Fax: + 603 79543954

mitba@mitba.org.my