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Can any broker use the BizCover for Brokers online system?
The BizCover for Brokers platform is available to all brokers, regardless of their affiliation. Brokers just need to sign a Wholesale Broker agreement with BizCover for Brokers and once this is done, we will set you up for access to the system.
What fees do BizCover for Brokers charge?
The platform fee is displayed on the quote as a separate line item and varies by policy type. An agency fee (charged by the insurer) may also apply and will also be displayed as a separate line item.
How do I view the policy online?
After signing up with us, you will be provided with a login and password for the platform. You can use these credentials to login into the BizCover for Brokers homepage. Once logged in; you can then view policies by clicking on the “My Clients” tab.
Can I purchase multiple policies at the same time?
Yes – you can purchase multiple products simultaneously.
I can’t find a policy in the “My Clients” section
The policy may be located under a different login within your brokerage. Please contact us for further information or to move a policy to a different user.
Can I common due date my clients?
Yes – You can do this during the quoting stage, page 2 on the platform.
Can I increase my policy limits or reduce them?
Yes – You can make policy amendments during the policy period, simply log into BizCover for Brokers, find the policy you would like to amend and click “Amend”.
I’ve made an error with the client details when binding a policy; how do I update the information?
You can update your client’s details during the policy period, simply log into BizCover for Brokers, find the policy you would like to update and click “Amend”.
Note – There is no need to create a new policy.
How do I renew a policy?
The system will generate renewal reminders 30 days prior to your client’s renewal date. The email will inform you of the best way to renew your policy through the website.
Express Renewal – at what point do I need to provide new information, if the client's circumstances have changed?
BizCover for Brokers offers brokers a one click renewal process called an ‘’Express Renewal’’. You will only need to confirm minimal information and then bind cover. This method uses all the previous year’s underwriting data to offer renewal terms and proceeds on the assumption that data remains accurate and meets duty of disclosure requirements (it is up to the broker to ensure that is the case). If your client’s services have changed significantly, you would like to have their information updated or they otherwise have additional information to disclose to the insurer as part of the renewal process, then you can manage this by pressing ‘’Renew’’ then ‘’Amend’’.
Why can’t I renew a policy?
If, for some reason, your client’s policy requires attention from our Relationship Manager, the renewal link will not be active. It may be because an underwriting guideline by an Insurer may have recently changed. If a policy renewal link is not active 30 days or less prior to expiry, please contact our team.
Why can’t I see a policy bound by someone else in my brokerage?
Policies created by a specific user are visible to that user only. If you need access to policies bound by others in your company, please contact us.
How do I close off access for a login or get a new login?
How do I make a claim?
BizCover For Brokers manage the claims process, so you do not need to deal with the individual insurers.
All we need is for your client to complete the BizCover claim form claim form and once we have this, we will manage the process for you. If your client is making a personal accident or illness claim, please contact our team for the insurer’s specific form.
Simply email the completed form to our claims team at email@example.com – we will do the rest.
Do I have to send BizCover for Brokers a closing?
How and when do I pay BizCover for Brokers, after I bind a policy?
Remittance is due 60 days following the inception date of the policy. You will receive a tax invoice with the payment details. The invoice is net of your commission and must be paid in full within 60 days.
**We do not accept cheques as form of payment.