Why use a specialist broker -
-We are able to go to the whole market, some insurers will only deal through a specialist broker.
-We offer an "UNBIASED" view of each insurer rather than an insurer only informing you of their good points.
-You only need complete one form to get a variety of quotes rather than having to fill in a form for each insurer you approach.
-You can distance yourself from the sales pressure of each insurer and deal with just one contact.
-We can advise on a selection of differing structures which may suit you better - not just wholeturnover
-We can also offer advise and support for the term of the policy not just set-up and renewal
-Our services to you are free of charge.
Examples of areas of where we have helped recently
-We placed a multi-million pound business with an insurer who can underwrite sole traders and partnerships with ease, despite the fact that he cannot get information via the status agency market.
-A company who is factoring was struggling to get funds because of the restrictive credit limits placed on his buyers by the factor. A credit insurance policy has helped increase his borrowing ability by 20 fold.
-We helped structure a transport companies business with an insurer covering only (and paying for only) the mid to top spectrum of his accounts, he thought that wholeturnover was the only option, because this is all he has ever been presented with.
-A policyholder had a very high aggregate deductible of £50,000 attaching to the policy, we were able to restructure the policy with a threshold of £15,000 and reduce the premiums by nearly half.
-The terms on the policy stated open account 30 days there had been a misinterpretation of 30 days, the actual policyholders terms were 30 days but from month end, so in total 60 days, had a claim been made under the policy, it is questionable whether it would have been paid by the insurer, so we were able to amend the policy to reflect the correct terms.
-The policyholder could not get cover for 3 of his key buyers from his current insurer, we were able to get these accounts covered in full by another insurer with the bonus of a small premium saving.
-We have helped a company reduce their annual premiums despite an increase in turnover.
-We helped a Turkish company obtain specific account cover on one of his buyers he is supplying in the UK.
-We managed to place a company with an insurer who would underwrite twice as much cover (£2.5m) as the rest of the market.
-A supplier had orders from one company but were delivering to another company, they had a credit limit, but on the wrong company, if they had had to make a claim they would not have been paid, following our appointment we were able to highlight this and resolve the situation.
And as brokers, there are the daily benefits that we bring, negotiating credit limits, claims handling, training, etc. A broker is for the life of the policy not just for renewal.