New research shows just what a vital role brokers play for small businesses when it’s time to renew insurance cover.

The Vero SME Insurance Index 2023 found clients whose brokers were involved in the renewal process leads to improved outcomes, as clients become more thorough in considering various factors and gain greater confidence in their insurance coverage. 

For example - 37% of clients whose brokers were involved considered the impact of increasing replacement costs at renewal, while only 5% of clients whose brokers were not involved did the same. 

This highlights the added value that brokers bring during the renewal process by guiding clients to make informed decisions and consider crucial aspects of their coverage. 

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