Page 31 - BOSS Today Issue 12

“It’s not uncommon
when reviewing

a client’s insurance

position to come across

discrepancies.”

relationships with their current if you stick with your original years, but that could be about you have found, however, you
broker. There is much to be said provider. You may well obtain to change: there is increasing should be able to select an
for this, but as with any service premium savings as well. talk within the insurance market experienced broker who will
provider, it is entirely reasonable of rates increasing dramatically deliver the solution that your
and indeed good corporate Time to review within the next 12-18 months. business really needs.
practice to obtain from time to but how do you select a broker even if they do, there are still Thomas hopes that one such
time an alternative view of this to approach, once you have things that a good broker can do broker you might consider
relationship and of the business. decided to review? Thomas to ensure that the impact on the would be r K Harrison. “We
a fresh pair of eyes can often says you should always go for a client is kept to a minimum. are one of the uK’s leading
highlight areas that may be provider with a proven expertise The broker can in fact insurance providers with a great
uninsured and where premium in your sector. “This should influence several factors which tradition of providing specific
savings could be made. help ensure that good quality impact on a premium, right products that are tailored to
charlie Thomas, divisional advice can be provided as to down to the quality of the our clients and their respective
director at r K Harrison the adequacy of existing cover submission. The broker should industries,” he says.
insurance services, says: “it’s not arrangements,” he says. “a broker be able to collate all relevant “We have used this expertise
uncommon when reviewing with sector experience and, information in a comprehensive and experience to develop a
a client’s insurance position to preferably a dedicated scheme submission that enables insurers comprehensive commercial
come across discrepancies and will also be able to provide to understand the quality insurance solution for members
questions. The most common specific covers such as enhanced standards of the member’s of the bOss Federation.
queries will involve the adequacy goods in transit or business operations. Our policies are designed
of the levels of cover for areas interruption extensions that can at the same time, with specifically around members
such as buildings sums insured, cover customers and suppliers. bOss members focusing more and combine competitive
business interruption and “Members should look and more on effective risk premiums with some of the
professional liabilities. There may for a broker who has market management, a broker should broadest coverage available.
also be additional policy covers relationships and leverage with be able to show how your We have the knowledge and
required by the business which insurers wanting to underwrite investments in managing risks experience to deliver the right
are not currently insured such as business in their sector along should bring premiums down. cover, tailored to the member’s
directors’ and officers’ liability.” with access to all necessary requirements”.
so if, for example, you were product lines. This should help The end result
to tender your insurances every to provide a comprehensive and With any luck, at the end of n R K HaRRison insuRance
three to five years with another competitive response.” this process you will discover seRvices is tHe appRoved
reputable broker that provides that the cover you have already insuRance pRovideR
alternative options, your business A competitive premium been receiving from your broker to Boss memBeRs. to
can become more confident that in general insurers have has been both comprehensive find out moRe visit
it has a programme in place that managed to keep their premiums and competitive. a great result, www.rkhis.com oR call
best reflects what it does – even relatively low for the last few if that’s you. if that’s not what 01234 305555.

May/June 2012 | BOSS TODAY 31

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