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Benefits of an IBAO Broker
The symbol of dedicated professionals
The only symbol that stands for the best insurance at the best possible price. All insurance brokers displaying this symbol, are members of the Insurance Brokers Association of Canada and maintain high, professional standards within the insurance industry. When you see this symbol, you can buy with confidence in knowing that your insurance broker is committed to providing high-quality, personalized insurance products and services within your community.
What is an Independent Insurance Broker?
We are…an Independent Insurance Broker, which means we act as professional insurance advisors operating an independent business to serve all your insurance needs. Our dedicated employees are continually trained through the IBAO (Insurance Brokers Association of Ontario) and other RIBO (Registered Insurance Broker of Ontario) approved programs. We are experts at simplifying the intricacies of insurance policies, sharing our knowledge and presenting our best recommendations to you, the customer. Our office represents several different insurance companies and we are, therefore, able to shop around and negotiate the best premiums matched to the best coverage for your protection. Simply put…we work with you to help you make a more informed decision.
The success of our independent brokerage relies solely upon satisfying your insurance needs. Therefore, it is always in our best interest to continually provide you with prompt and personal service whenever you are purchasing or updating your insurance. If you are ever caught in the unfortunate circumstance of having to make a claim, we will always be by your side. We will do our best to assist you quickly and to make sure that you are treated fairly by the insurance company.
What is the difference between a Broker and an Agent?
The difference is simple. As your independent Insurance Broker…we represent several reputable insurance companies and negotiate the best possible coverage and price, on your behalf. An Insurance Agent, on the other hand, works directly for one specific company and can only sell one company's policies at a fixed rate. Pricing is non-negotiable. They do not have the luxury of choice that you share with us, your Independent Insurance Broker. |
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How you I benefit by using an Independent Broker?
You benefit because of the Accessibility…
As your Independent Broker, we're located in your community and we'll meet with you in person in order to understand your particular requirements and lifestyle needs. This makes it easier for us to maintain a more personal relationship and to provide you with a clearer understanding of your insurance options.
You benefit because of Qualifications…
As your Independent Broker, we are thoroughly educated, trained and licensed to sell insurance. We believe we are the most qualified insurance intermediaries. We continually research the ever-changing property and casualty marketplace on your behalf. We are experts at sorting out all the complexities of various insurance policies from different companies and are able to present them back to you in a clear and no-nonsense manner.
Your benefit because of Choices…
As your Independent Broker, we are a trained, independent source of knowledge. We deal with more than one insurance company on a daily basis and will do the shopping around for you. We work hard to understand your particular needs, and we will use the knowledge when searching for the best insurance company. We provide you with a greater variety of policy options and pricing.
You benefit because of Confidentiality…
As your Independent Broker, we will at all times, maintain the highest, professional standards that our membership in the IBAO requires, and it is because of this, that we are obligated to keep all of your information in the strictest of confidence.
You benefit because of Peace of Mind…
As your independent Broker, we work for you…and will continually let you know that we are there for you at all times. Even in your hour of need, should you ever have to make a claim, you can count on us to ensure that you are treated fairly and professionally.
Why am I a member of the IBAO?
The IBAO stand for the Insurance Brokers Association of Ontario. It is a non-profit, professional business association for independent brokers and is the recognized symbol of excellence within the insurance industry. Membership is strictly voluntary, but is highly recommended in order to offer the highest degree of training, knowledge and service.
The IBAO offers continuing education programs and training seminars for its members. To qualify for membership, an insurance broker must first pass a licensing exam as a set by the Registered Insurance Brokers of Ontario (RIBO) and are then required to meet all of the IBAO's membership standards. In order to maintain a license and membership, brokers must attend continuing education courses every year.
The IBAO is also part of the Insurance Brokers Association of Canada (IBAC), which awards the CAIB (Canadian Accredited Insurance Broker) professional designation and offers Best Practices courses to assist independent brokers to improve efficiency of their operations and help serve you better.
The IBAO also deals with governmental issues affecting you and reviews proposed wording changes in legislation that ensures the consumer is protected.
It is because of the strict standards of the IBAO, we are proud to be a member and feel that we are truly justified in claiming that your best insurance…is an Insurance Broker.
Reproduced from IBAO brochure. For more information please visit www.ibao.com. |
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