Many business owners ask whether grouping policies together results in a discount. In the intermediated insurance market, it is not common for insurers to offer multi-policy discounts in the same way that direct insurers might. However, there are still benefits to reviewing whether policies should be placed together or separately.

Some important points to keep in mind:

• Flexibility with a broker – Working with a broker means you do not need to keep all of your cover with the same insurer. We look across multiple insurers to find the best fit for your business, whether that involves one provider or several.
• Benefits of grouping policies – Having policies with the same insurer can help remove gaps in cover, streamline claims, and sometimes make your program easier to manage. While discounts are uncommon, it can provide leverage when negotiating premiums.
• Combining covers under one policy – In some cases, it is more cost-effective to combine multiple covers into a single policy. Common examples include:
  • Public Liability with Professional Indemnity
  • Public Liability with Contract Works
  • Multiple vehicles insured under one Motor Insurance policy
• Splitting policies across insurers – There are also times when it is better to spread your insurance across different providers. This might give you access to better coverage options, improved policy terms, or a more competitive price overall.

As your broker, we will guide you through these options and act as your single point of contact, whether your program involves one insurer or several. Our role is to make sure you have the right mix of cost, cover, and convenience for your business.

Contact us to discuss the best way to structure your insurance program and ensure you are getting the right protection at the right value.