Insurance broking is a regulated activity which adds to the usual pressures of starting up a new business. Drawing on the experiences of an insurance broker start-up in BIBA membership we have provided a check list of activities that might be useful for a firm starting out in general insurance broking with some good practice points. Where appropriate, we have included BIBA member benefits that might be helpful to start-ups.
The guidance covers:
Legal and regulatory matters
Gearing up to trade
Marketing and sales
IT, softwarehouses and telephones