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Keyman insurance: Why it's important

to shop around for the best quote

One of the worst mistakes in finance (including personal finance) is to do business with the first company that gives you a quote.

And this is especially true with all forms of insurance - The sensible plan is to shop around.

Do this and you're odds on to get a more competitive price and often a better service.

A better strategy to follow:

  1. If your bank does try to sell you a Keyman insurance policy don't automatically assume it will be expensive. At least hear what they have to say and note all the details

  2. Then contact an independent insurance broker to see what they offer - chances are their quote will beat the bank's
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