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| Thread ID: 120119 | 2011-08-25 12:05:00 | Commercial Insurance Help | Iantech (16386) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1226140 | 2011-08-26 10:11:00 | Way back, Accountants used to act as agents for Insurance Companies, I don't know if they still do. Bryan, that's showing our age !, when I worked for W&K Ltd. we used to be Agents for the National Insurance Co. Lurking. |
Lurking (218) | ||
| 1226141 | 2011-08-27 19:50:00 | Try another broker mate - plenty out there wanting your business at the moment. For commercial cover I would definitely recommend you use a broker for most of the reasons spelt out earlier - ie; Your business is running your business, not arranging insurance / you need a multi-faceted policy that suits your business and assets, which may involve a mix of insurers / at claim time the broker can act as your contact person, not the insurance co who you don't have a personal relationship with / you have someone local you can point the finger at should the policy not provide cover that you thought existed when you took it out. You are in Christchurch - which fair to say has been impacted by higher costs due to risks in the area, but I would not think that any broker would say increased costs are due to its admin charge increases (what has increased?) and/or interest (interest on what??) as they should present the costs as a whole, and if charges increased build it into the premium. Maybe they want rid of you? No one ever likes paying insurance. But when you do make sure you have adequate cover - if you tell your broker what you want (or more importantly that you don't know what you want and ask the broker to establish the amount of cover) and the policy doesn't cover you in the event of a claim you have redress under legislation. You don't have the same level of redress if dealing direct with insurers as they will just cover you for what you ask for. I'm a Loss Adjuster and like working with Brokers even though they can be a pain in the you know what for us and insurance companies at claim time. Those ones are the ones I would like as my broker. If I can offer one more piece of advice it is to take note and ensure the figures are correct. I was aware this week on a building down there in CHCH worth over a million dollars market value with replacement value of a lot more, but it was insured for $200,000. That will hardly cover the demoltion cost BUT the premium was awesome! |
Jester (13) | ||
| 1226142 | 2011-08-27 22:12:00 | Iantech I have a great broker. Email me offline and I'll pass his name on. |
ellpow (16400) | ||
| 1226143 | 2011-08-28 00:15:00 | You probably only need a broker if you have specialist needs and liabilities. You probably know what you want by the sound of it! Listen to the advice here, pick a couple of companies and get quotes and have a good look at the policies before signing up. If need be I'm sure you can get some pretty qualified advice on policy wordings back here(opinions only of course, with the new legislation coming into effect). Its worth doing a bit of homework beforehand, than find out your not covered when you make claim. | PPp (9511) | ||
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