EXPLAINED Guide: Managing broker tenders

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Choosing an insurance broker is an important decision in the purchase of insurance. This guide is designed to offer advice on the process of running a tender for services and negotiating a contract with a broker. The advice contained in the guide is relevant to most organisations, but with a particular focus on larger or more sophisticated risks, where typically more complex cover is in place. For the smaller organisation, the principles and activities remain the same, although less detail may be required to complete a review of current and required solutions.