Business Insurance

[John Childs]

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.

[ANDREW S]

NFU – did the trick this year – recommended by a few on the boards
saved me a small packet !
Cheers
Andrew :lol1:

[Carrie Brown]

I too recommend NFU for insurance.

😀

[Hugh Potter]

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 !!!

[Dave & Rob Lowery]

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

[Jon Fields]

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

[Jon Fields]

hugh…
Alliance Cornhill do sell a combined business an home contents policy if thats any use to you..

Jon