In 2010 everyone wants this quicker, better and cheaper and for retailers, this includes their shop insurance. You may have seen in the press over the past few years talk of premiums increasing as insurers struggle to cope with the recession.
The problem with this is that most of them continue to operate a dual pricing process. They are looking to gain single digit percentage increases on most renewals, but for new business they are prepared to pull out all the stops.
If you currently have any form of business insurance, when your renewal offer comes through from your existing broker or insurer (if you deal direct), you will find, in the majority of cases, that there are increases being applied. Times have been tough, and continue to be, for nearly every single type of business. With the planned central and local government cuts, which we have all been expecting, things are not likely to get any easier as UK plc tries to pay down it’s debt mountain.
So, what do you do if you are a retailer who has had no claims and you suddenly find your £600 policy is now up at £700 or £800? The answer is simple, get yourself a different quote. You need to speak to an independent business insurance broker who offers a one stop service. You don’t need to go to a comparison site, which then passes you through to an intermediary which then provides you with a quote. Go to one company that can offer everything, in particular a personal, quick and efficient service in the event of a loss.
Brokers are there to serve you, their relationship is with you the customer and they are legally bound to offer you the best product at the best price, that they have available. Therefore, unless you speak to an independent who can trawl the market for you, you are only going to get one quote. Brokers have a number of providers for most types of products, so they can try two, three or four insurers to offer you the best deal.