I. Start-Ups

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

Compliance

Gearing up to trade

Human relations

Finance

Marketing and sales

IT, softwarehouses and telephones

Insurers