Following on from our previous posts about the sites that offer to compare business insurance, we thought we would say what you should expect.
In the olden days (pre 1990) if you were looking for a comparable quote at renewal for your business, you really only had one option. You would speak to a local broker and they would offer to come and see you. As part of their visit they would ask to see all of your existing documents and then come back to you with two things. Firstly, a straight comparison with what you had, and secondly, offers of additional insurance cover.
Any broker would always say that another provider was not really giving exactly what they should do as far as cover is concerned.
Here at businessinsure, we like to do things slightly differently. If you were to phone us up to discuss an alternative to your renewal, we would look to gain as much information about you, your business and what your plans are for the next twelve months. There is no point in sticking with the same sums insured etc, if your business is to grow or change substantially in the next twelve months.
We would then offer a comparable quote to the cover you have at present. It may well be that we offer slightly different excesses and terms, usually for the better. But, until we see a copy of your existing insurance, there is not really that much that we can do to check what cover, terms, warranties, conditions and excesses you have.
Then, if we felt that you were missing out on cover, for example a licensed premises without loss of licence insurance, we would let you know. Hopefully, you would then be sitting there with your existing business insurance renewal and a comparison quote to consider.