Thursday, 6 September 2012

Mutually beneficial outcomes

While there is no definitive number of associations and similar organisations listed in the UK it is estimated that there is well over 300 that are fully staffed and up to a 1000 smaller associations in the UK. For you, the broker, this represents an excellent opportunity to maximise income.

Trade associations have several main functions for the companies that they serve; these include representation, providing economies of scale, supplying information and training. Alongside this associations must work hard to attract new members and retain existing, therefore a range of additional member benefits are offered.

Recently, ARAG has seen a surge of brokers working with associations to provide an insurance offering, including ARAG legal expenses insurance. This growing trend is mutually beneficial for all involved, members receive essential cover with their membership fee, associations can negotiate a competitive rate and for the broker and ARAG we maximise income and grow the business portfolio.

ARAG can provide legal expenses insurance on a commercial or personal basis and most importantly it can be tailored to the needs of industry depending on specific regulatory requirements. It may also be that there are specialist solicitors that the association recommend; ARAG may be able to work with them to provide the cover.

Alongside the legal expenses insurance, ARAG products also come with a range of professional services, such as a 24/7 legal advice helpline and an online document service, helping businesses to concentrate on what they do best.

So, whether you already work with associations or are looking to move into this market the opportunities are there to be taken and a partnership with ARAG means that it is likely to be a smooth and profitable journey!

To find out more either get in touch with your local ARAG Business Development Executive or email chris.french@arag.co.uk

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