What is an Insurance Broker 

An insurance broker is a registered professional advisor that advises you on insurance and finance-related matters. Insurance brokers arrange insurance cover with insurers on your behalf so that you have an easy and stress-free experience. 

Benefits of using an Insurance Broker

More Options With An Insurance Broker

An insurance broker will make sure that you get the best option on the market for you. Because an insurance broker already has all of the information, you don’t need to worry. There’s no need to scour the internet looking for the best option that will suit your budget and your needs. An insurance broker will do that for you. 

Advice from an Insurance Broker

If you are opening a new business, reopening an old business, doing any exchanges of information by using technology, employing people, having people walk around your building, or taking credit payments from clients then you need insurance. Insurance can cover your property, belongings and yourself. Without cover, you leave yourself vulnerable to accident claims, cyber hackers, lose out on large unpaid bills and many more variations of you losing a lot of money. As your insurance broker will handle all of your claims, there is no need to worry once you have your insurance. 

Relationship with your Insurance Broker

Having a relationship with your insurance broker is important. You have to be able to trust them, as they will handle all of your claims. The human connection is an added bonus to being able to meet with your broker. They understand what is going on and are there to help. 

Sense of Security From an Insurance Broker

Knowing that there is someone in your corner is an extremely comforting feeling. Your insurance broker will be in your corner. They will fight for your claims and give you advice on whatever you need (insurance-related of course). At LHK we pride ourselves in providing a safe space for you to talk to us frankly so we can provide the best advice and service to you. 

An Insurance Broker will Make Your Claim

All you have to do is contact your insurance broker. Just like that, you will have sorted your claim. Your broker will do all the work after that. When there has been an event that requires you to make a claim, the last thing you want to do is add more to your plate.

Actual Security From an Insurance Broker

When you have an insurance broker you know you are safe under the umbrella of the LHK family. 

What Can an LHK Insurance Broker Cover?

Commercial Insurance Combined Packages

Our commercial combined packages provide cover for material damage, business interruption, liability, money, glass, computers and fire brigade charges.

We can arrange a commercial combined package which can be tailor-made to suit your business requirements. 

Commercial Legal Insurance

Commercial legal expenses insurance protects against the potential costs of legal action brought by or against your business. 

Commercial Liability Insurance

Liability insurance is required to protect your business against negligence claims. It provides your business against claims resulting from injuries and damage to other people or property.  

The LHK commercial lines team have years of experience advising all types of businesses, across multiple industry sectors. We can tailor your liability cover according to your unique business circumstances.

Commercial motor insurance

Commercial Motor Insurance protects a range of vehicles used for commercial purposes.

Due to our longstanding relationships with Insurers, LHK can compare the market and negotiate preferential rates on your behalf.

Commercial property insurance

If you or your business owns a property that’s rented, tenanted or unoccupied, it’s important to protect your investment against financial loss or physical damage to your assets.

Regardless of tenancy, we can arrange the most suitable cover at the right price.

We recommend that you shop around particularly if you have recently acquired the property and or if your tenants have recently changed. We would be delighted to complete a review of your existing cover at our expense. 

Contractors All Risk Insurance

Contractors All Risks insurance provides coverage for the main types of risks on construction projects – property damage and third-party injury or damage claims.

As a contractor carrying out work for your customer, you need to ensure that the property you are working on has cover for materials being used, and the property under construction is insured against losses arising from Fire and Perils or accidental means. The policy can be extended to include your plant, hired in plant and employees tools.

 

Credit Insurance

Credit insurance is suitable for almost any company providing goods or services on credit to other companies, regardless of scale or industry and is used for both domestic and export trade. When your business has a credit insurance policy in place, you can forge ahead with the confidence to take on new commercial opportunities and new customers, knowing that your business is protected, should non-payment occur. We have the in-house expertise to arrange a credit insurance policy for you which can reimburse up to 95% of the cash and help secure the future of your company.

In addition to covering you for any losses, a credit insurance policy will also provide ongoing risk reviews of your customers, so that you can make better choices about how and who you do business with.

 

LHK Group has unique expertise in the area of credit insurance. Before joining LHK in 2022, Sinead Wolfe worked with one of Ireland’s leading Credit Insurance companies for 14 years. Sinead’s approach is about offering advice and best practice guidance on all the aspects of the credit management process including credit risk analysis, credit management best practices and debt collection. If you would like to discuss the benefits of a credit insurance policy or attain a quote for your business, please contact .

 

Cyber insurance

Our team are very familiar with the digital risks businesses are exposed to and we are well placed to support and protect your business. Property and liability insurance often take precedence with many clients not seeing the value in standalone cyber policy. While there may elements of cover within traditional insurance policies, it tends to be partial cover at best, falling very short of what is covered under a standalone Cyber policy.

Most information is now transferred digitally and Covid-19 has certainly accelerated this. The shift to remote working is believed to have generally increased security vulnerabilities.  

Directors and Officers Insurance

D&O insurance (Directors & Officers Liability Insurance) provides financial protection for the potential defence and damage costs for the leaders of an organisation if a claim is made against them due to decisions or actions they have made during their regular duties. There is a common misconception that it is only for companies but it is also required for committees, charities, sports clubs and the like.

Cover can be extended to include Entity Liability Insurance, Crime Insurance, Pension Trustees Liability and Employment Practices Liability – designed to protect employers against claims from employees for sexual harassment, discrimination, wrongful termination and other employment-related litigation.

 

Engineering Insurance

Plant and machinery involve a significant financial outlay and are the centrepiece of any manufacturing business. You need to be covered if something goes wrong. 

A technical malfunction or operating error can lead to machinery breakdown as well as physical damages to plant and equipment followed by consequential business interruption.

We have experience arranging Engineering and Machinery Insurance for small and large companies across many sectors including construction, manufacturing, engineering, retail, distribution and motor trade.

Our team have wide market access across Ireland, the UK and Europe. We can arrange cover for plant and machinery installed at the premises, either on an individual item or a blanket basis. Cover can include theft, accidental damage or fire.

Farm Insurance

Farming, by its very nature, carries many risks. Let us review your requirements to ensure you have the best insurance cover available at the best rates.

Our Drogheda team have many years of experience looking after the insurance needs of farmers and those involved in the agricultural sector.

We understand how important it is to protect your livelihood and ensure you have adequate cover in place. 

Group personal accident insurance

Your people are your most valuable asset. You want to be able to protect your employees against accidents in the workplace. 

We can provide a comprehensive range of products for both the Individual (& their families) and for the Employer whether large scale business, SME or Sole Traders.

Marine Cargo/ Goods in Transit Insurance

As goods are transported by land, air, or sea, keeping control of your assets becomes increasingly important.

Goods in transit insurance cover property against loss or damage while it is in transit from one place to another or being stored during a journey.  If you are shipping your goods by sea then you would take out marine cargo insurance. This also includes the transit of cargo over land at each end of the voyage.

We can arrange the appropriate cover to give you peace of mind that should the goods be lost, stolen or damaged whilst in transit, you will have the necessary cover and receive adequate compensation to protect your business operation.

Motor Fleet Insurance

Your fleet of vehicles is a significant investment and key to a successful and efficient business operation. Having motor fleet insurance will give you the peace of mind for you to focus on your business.  

Vehicles on the road represent a sizable proportion of the risk the company carries as driving is among the most dangerous work activities. From missed deliveries and unproductive downtime, replacement staffing and the high costs and delays associated with repairs, the costs of even a minor accident can escalate. You also want to protect your people who are driving company vehicles. 

You can qualify for a Motor Fleet policy when you have 3+ vehicles to insure. We can incorporate private cars, commercial vehicles and special type vehicles. 

Motor traders insurance

Are you a motor trader involved in servicing repairs, buying & selling vehicles?

Motor trade insurance will give you the ability to drive all of your cars and vans as well as your customer vehicles.

You will need to consider the following risks:

Office Insurance

Office Insurance is required for a wide variety of professional trades. Generally a competitively priced policy, it provides a package of covers to protect your equipment, computers, loss of revenue and liabilities. 

Office insurance is suitable for a wide range of businesses of all sizes and occupations and professions that are run from commercial property. We have experience working with Accountants, Architects, Engineers, and Solicitors in helping to place their office policies.

Professional indemnity insurance

If you give professional advice you require Professional Indemnity Insurance.

The Professional Indemnity market conditions are extremely challenging and it is therefore important to engage with a reputable broker who has experience in this market.

LHK have the ability to access the Lloyd’s and London markets, in addition to the UK and Global composite insurers.

We will work on your behalf and present your risk in such a way to ensure we can deliver value for our clients.

 

Professional Indemnity cover provides protection for the insured and employees against their legal liability towards third parties for their professional negligence in the event of a financial loss.

Shop and Retail Insurance

For most, shopping is event-free but each year shoppers become the unfortunate victims of accidents in shops, supermarkets, and shopping centres. When you do have to make a claim, we will ensure we act on your behalf and proactively manage the claims process with the insurer.

Special Types of Vehicles Insurance

Special Types Vehicles are vehicles which have a special commercial purpose and may or may not be used on public roads.

We can arrange a suitable cover for you and also extend the cover to include Third Party Working Risks Cover.

How Do I Get In Touch With An Insurance Broker?

If you are interested in starting a new business or securing your current one, contact an LHK broker to discuss your options.