General Insurance Broking

Insights
As your insurance broker, we act on your behalf in all dealings with the insurance market.

What sets us apart as a broker is our ability to:

We apply our research, technical expertise and energy to go the extra mile to make this happen.

At Barrack Broking, our general insurance broking goes beyond procuring a policy. From the outset, we develop an Insurance Program Strategy to ensure that your current and future business risks will be covered by your policies.

Insurance Program Strategy

The objective of our Insurance Program Strategy is to design the most effective cost and coverage options for your insurance needs.

We do this by:

With your Insurance Program Strategy in place, you will have comfort that your insurance program meets your risk needs and does not include exclusions or a policy structure that conflicts with your business structure and/or risk profile.

Insurance market proposal, negotiation and placement

This involves implementing your preferred program strategy.

Implementation involves working with you to:

After our initial insurance pricing negotiations with the preferred underwriters we will discuss and agree with you on a placement strategy to achieve the most cost effective outcome. At this point we will present you with:

Stewardship

As your broker, we have a fiduciary duty to act in your best interests and be your advocate in negotiating your contract with the insurer.

In leading the brokering process, we take charge of:

We understand that your risk profile from one renewal period to another may change. From the outset of our engagement we will mould our service delivery around your needs and requirements – giving you as much or as little engagement throughout the year as required.

Our experience

We have experience with a broad range of insurances from:

Summary of how
we can help

Talk to us about General Insurance
For more information or to seek our help, please contact our specialist team at Barrack Broking.
Insights
Market UpdateSorry We Re Closed
19 Nov 2020

Business Interruption Test Case

By Barrack Broking
Business interruption insurance is designed to indemnify a business for financial loss sustained because of agreed events. The name of the insurance can be misleading; it’s not designed to cover all interruptions to business, only the consequential loss from an agreed event, such as damage to a business premises forcing closure while repairs are made. […]
Risk TipUntitled Design (3)
28 Oct 2020

Cyber Security Strategy

By Barrack Broking
In recent years Cybersecurity risks have become more prominent in the minds of business owners. The World events of 2020 have only exacerbated this risk with the swift changes that were made to the working conditions of employees in all industries. In the last 6 months Cyber attacks have become even more pervasive and sophisticated […]
Market UpdateImpact Of Climate Change
10 Sep 2020

The impact of Climate Change

By Barrack Broking
IAG and the US-based National Center for Atmospheric Research (NCAR) have released the second edition of the Severe Weather in a Changing Climate report. The updated report incorporates new research and feedback from the scientific community and reinforces that extreme bushfires, tropical cyclones, storms, hail and floods are becoming more frequent and intense in a […]
Risk TipHazardous Materials 2
14 Aug 2020

Flammable Liquid Risks

By Barrack Broking
Flammable liquids are one of the largest groups of hazardous materials. Vapours are invisible, they spread quickly and ignite easily, causing an explosion/fire that includes rapid flame spread and is extremely difficult to extinguish.  While substituting with non-flammable alternatives is the only way to eliminate this risk, there are steps you can take to manage it.  Contain your flammable liquid risks  Where possible, it is best to substitute […]
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