Rank: Guest 
|
Posted By Dave Stevenson
Hi all,
I am now also looking after insurance (renewal etc..) for my company. Is anyone else doing this for their company and can anyone recommend a suitable training course?
Thanks
dave
|
|
|
|
|
|
Rank: Guest
|
Posted By David Bannister Hi Dave, if you are a large buyer then I would suggest that your brokers may be persuaded to provide someting suitable. It is in their interest to have someone at their clients who understands what they are doing. An alternative point of view however is that you may then be able to spot when they're doing nothing... If you're a smaller fish then local colleges will possibly run "introduction to insurance" courses that new starters in the insurance industry may be taking. Try this link to the Institute: http://www.cii.co.uk/gen...ieties/underwriting.aspxYou may find that buying a basic book on the subject will provide you with sufficient background information, when linked to the advice of your brokers. Good luck, and remember - they are a businesses not philanthropic organisations.
|
|
|
|
|
|
Rank: Guest
|
Posted By Dave Stevenson
Many thanks fpr your comments
|
|
|
|
|
|
Rank: Guest
|
Posted By Charley Farley-Trelawney
Dave
I look after facilities as well as H&S and if you look carefully at past insurance rates what the level of cover is and financial cost that really is about all you need. A good broker if you wish to go down that route, is paid commission by the underwriter to sell their policies, if you deal direct (depending on level of cover) you can make some healthy savings. Look at the policy details you will save money by having this or not having that.
Just reduced a £600,000 premium last year to almost half by not including the insurers H&S audits my predecessor had agreed to 4 times a year, each one taking a week and bumping the cost up by thousands, there are many areas within the policy that you can save money on and still enjoy cover by a reputable company.
Good Luck
CFT
|
|
|
|
|
|
Rank: Guest
|
Posted By Phil Grace
Dave,
I would agree - speak to your insurance broker, or speak to the insurer.
Whilst brokers work on commission they are not really like financial advisors (as a previous poster seemed to suggest) The commission is how they get paid, but it does not induce them to sell any one insurers policies. In fact brokers have a legal duty to offer "best advice" which means they must tell you which is the best deal - the cheapest quote may be from an insurer who offers less service! And if they get it wrong you can sue them - they have Professional Indemnity cover for this.
As regards the previous poster who halved his premium..."didn't he do well"! But one needs to distinguish between the policy premium and what is paid for "on top". My employer - a major insurer - does undertake surveys. These provide feedback for underwriter but with added benefit for policyholder of free feedback and recommendations for improvement. But we have an in house risk management company that provides training and consultant for a fee. And - important point - the Chinese walls are in place. The underwriters don't get to see consultant's reports unless agreed with policyholder.
|
|
|
|
|
|
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.