COVERPOINT – SEPTEMBER 2016
SHOPPING AROUND
Following protracted bad publicity for car insurance companies this year regarding dual pricing i.e. offering a cheap price for new customers, then a substantial increase at renewal, the FCA has now ruled that everybody offering cover must quote last year’s premium at renewal, AND recommend that the customer shops around !!
The regulator doesn’t seem to understand that insurers can only offer you their one price and product, but brokers have the whole of the market to choose from, and it’s our job to shop around anyway !
It has always seemed short-sighted in the extreme to chase new customers at the expense of current ones, as insurers do, and common sense would suggest that they deserve a discount for long-term loyalty, rather than being taken for granted.
Please rest assured that Clifford Lane Associates always shops around for the best deal anyway, without prompting, as we value your custom every year, not just at the outset.
Call Nigel on 01483 548662 to put us to the test !
BUSINESS OWNERS – ARE YOU ADEQUATELY INSURED ?
One of the greatest problems in the insurance world is UNDERINSURANCE, of both your property values and your loss of revenue.
If you have a major claim at your premises, such as a fire or a flood, you’ll be visited by a loss adjuster, who will want to check that your sums insured are adequate before authorising a claim payment. If he believes you’re under-insured, this payment will be reduced by the same proportion, and this could prove catastrophic to your business’s recovery and survival.
Similarly, you may not be properly insured for loss of revenue during the period your firm is out of action – many companies never recover from this.
Clifford Lane Associates can help you avoid this, by working with you to ensure you have satisfactory levels of cover for property and revenue. Call us on 01483 548662 to see how we can help.
IS YOUR MANAGEMENT A LIABILITY ?
Are you fully aware of the risks you face personally following alleged wrongdoing at/by your business ? You could lose your home and assets if sued successfully by a party such as HM Revenue & Customs, and you won’t be able to hide behind limited liability.
We have the answer with comprehensive Management Liability Insurance. This protects both the business and the business owners, with three types of cover:
- Directors & Officers or Trustee Liability
- Company Legal Liability
- Employment Practices Liability
Prices start from as little as £105 per year – why not put your mind at ease by letting Clifford Lane Associates protect you ?
AND FINALLY….
A woman was in the hospital after feeling very ill. The doctor says to her, “I have some bad news for you. You only have three months to live.”
“Oh that´s terrible,” the woman sighs, “what am I going do?”
The doctor replies, “Marry an insurance agent.”
“Will I live longer?” asks the woman. ”
“No,” replies the doctor, “but it will SEEM longer.”