What type of document do brokers commonly use to address the demands and needs analysis requirements?

Brokers commonly use a fact-find document to effectively gather and assess the specific demands and needs of their clients. This document serves as a comprehensive tool to capture detailed information about a client's situation, including their insurance requirements, financial status, business activities, and any specific preferences they may have regarding coverage.

The process of conducting a demands and needs analysis is essential in ensuring that the recommended insurance solutions are tailored to meet the unique circumstances of the client. The fact-find helps brokers to delve into various aspects of a client's life or business, allowing them to identify potential risks and the coverage that would be appropriate to mitigate those risks.

Other options, while related to insurance, serve different functions. A policy summary document provides a synopsis of the key details of a specific insurance policy rather than addressing client needs. A key features document outlines the main elements and benefits of a product but does not focus on gathering information. A claim form is used after an incident to report a loss and is not relevant in assessing demands and needs prior to acquiring coverage.