Clean It Up
UK General Cleaning Forum => General Cleaning Forum => Topic started by: domestic bliss on October 04, 2005, 09:55:25 pm
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I have had a bit of a shock to find my insurance isn't sutiable for my company
And the upgrade i need,they do not do.
I need public liability and keyholders insurance. Can you reccomend any insurance companys?? Who do you use?
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Hi there
Try Darwin Clayton they specialise in the cleaning industry
We have just saved a goodly amount by transferring our policies to them
www.darwinclayton.co.uk
Regards
Simon
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i tried them, they wouldn't quote me......groupama is who I am with
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Hi jan try axa i'm with them they are very good not sure if they cover keys, every year you get no claims discount if you dont claim so the premiums go down every year instead of up. 8)
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dont like to through a spanner in the works here, but axa seem to be getting abad rep for not paying out and find every excuse to make sure of this although it seem on health & life with this in mind i would not even look there,they were on x ray the other day again
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Try UK Special Risks Ltd
01634 727766
I have P&EL plus key holders ins and a few other specialised things covered through them.
Fox
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hi there
darwin clayton , wouldnt quote, there one of the only companies that will take the business.
we have a bit of a nightmare because of the diversity of work etc, high level, blah blah, £5k a year.
regards
martin
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We use Darwin Clayton as well, can't say if they are any good or not because we've never had to claim. They covered us for keys as well at very little extra cost.
It would be interesting to find out if anyone has had to claim on their insurance and how quickly they paid and how much hassle it was.
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Some comments on insurance claims:
All insurers have the ability to pay any amount within 3 working days. Most delays are caused by administration bottle necks and policy holder complacency. Its your claim, so stay in charge.
A vast number of commercial claims are rejected due to inaccurate policy details or incorrect information supplied by the policy holder. Oddly one of the most common is policy applicants failing to declare a criminal record (which includes driving offences).
An even greater number of claims are rejected due to insurance broker incompetence (miss-selling or incorrect preparation of the policy) and represent one of the largest professions to be litigated against in the country. Ironically you should always take legal protection to cover this issue.
Another is insurers/brokers claiming they never received the completed policy, even though they may be taking payment, always return them by recorded delivery and keep the stub safe. This actually happened to me with Nat West (selling AXA). They were made to pay back 18 months of premiums.
In the event of stock or asset lose, never ever inflate the value of the loss disproportionately to the overall amount of cover. This is the classic mistake people make every day and I have watched businesses go under because of it.
(A very simple explanation not to be taken literally).
If you have insured an amount of stock for say 10k and you loose 50% (5k) in a fire but make a claim for 7.5k you then become 50% underinsured.
If you are declared underinsured , insurers can then use the Applied Average rule which equates to only 50% of the policy value less the underinsured value of 50% = a final payment of only 2.5k.
The same applies when you increase your stock or asset value and forget to increase your premium which can also extend to various aspects of BI cover.