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Business Insurance
Hello all..
It’s that time again for insurance quotes etc..
Im interested if anyone has had a good quote for insurance recently..
and if anyone out there has good recommendations..many thanks
Jon
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7 Replies
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Jon….
Insurance rates generally are coming down but you still need to negotiate hard to get the best deal.
Last year my Norwich Union premium was £11,500 and at renewal time last month they said that for this year it would come down to £10,000. I got another price from AXA Direct and they came in at £7,500.
When I told the Norwich Union they immediately dropped their quote to £7,000 but I told them to stick it on the grounds that I couldn’t have confidence in a company that attempted to rip me off for £3,000 and that I would be happier paying slightly more to AXA who came in with their best price from the start.
I should stress that during all negotiations I went to great lengths to make sure that I was getting the same cover and was comparing like for like. I think I have done that, but I am more happy with AXA’s policy wording as it makes it much clearer exactly what I am covered for.
So, my result was that I am paying £500 more than I need have done but am still saving £4,000 over what I paid last year and am happier with the policy.
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NFU – did the trick this year – recommended by a few on the boards
saved me a small packet !
Cheers
Andrew :lol1: -
I too recommend NFU for insurance.
😀
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my only insurance is public liability (£250 for £2m cover + 50 man days for a temp worker if needed), i cant insure my workshop cos its not a commercial premesis, so i try the house insurance, they wont insure cos its got business equipment in it… grrrrrr (hot) so my insurance there is an alarm, a decent lock, and something very hard n heavy will smack you in the face if you dont lock it before opening the door, keeps the kids out too !!!
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Hi Jon,
Used various agents for insurance over the years but saved lots of cash since buying ‘offshore’. Try Rossboroughs in Guernsey. Telephone 01481 241508 (Sharon’s direct line).
Dave
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I ll try these options..ive had alliance cornill over the last year but bumped it up..so ill try your suggestions and see if i can save any..
many thanks
Jon
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hugh…
Alliance Cornhill do sell a combined business an home contents policy if thats any use to you..Jon
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