'Insurance Companies UK'

'Insurance Companies UK' Harold creates a task list everyday. He sets goals to contact a certain number of clients and insurance companies, sell a certain number of policies and solve a certain number of problems. The work can be depressing and frustrating.but ultimately satisfying. William Terrance, one of his clients calls. He is extremely agitated because his health insurance company is not paying for his wife’s cancer treatment, claiming that the woman had cancer before the policy was bought and this fact was concealed. Harold immediately calls up the health insurance company and explains to them that if payments are not made promptly, the Terrances will sue the company. Harold explained that since the Terrances have medical records that show that the cancer was detected well after the policy was bought, they qualify for the insurance payments.

Around midday Harold is headed for Mike Dunnan’s home. Mike is a client with a very complicated case. He knew he was HIV positive but he did not reveal this in the forms he filled out in order to get a health insurance policy because he did not want anyone to know about his illness.However, Mike could counter sue for breach of privacy and unauthorized access to his private medical information. He was afraid that word would leak out at his office and he would be fired under some pretext. He was afraid of the alienation suffered by HIV positive people. Unfortunately some higher up in the health insurance company gained unauthorized access to Mike’s files. The insurance company was now planning to sue Mike for concealing crucial information.

After meeting Mike, Harold is headed for Vachita Lane. After managing to sell two auto insurance policies and one home insurance policy, Harold is headed for South West Park. This turned out to be a very lucky day for him as, after two weeks of negotiations, the software house based in the area agreed to buy health insurance policies for all his employees. This is a middle class neighborhood with a relatively high crime rate.

He was finally heading for home and looked forward to the comfort of his Bermudas and flip flops. This meant that Harold would get enough bonuses and commissions to take his wife on a nice vacation to Greece. Harold could not stop smiling as he switched off his laptop and gathered his papers together at 5pm.

'A Day In The Life Of A UK Insurance Broker'

'A Day In The Life Of A UK Insurance Broker' Harold Bodego is a rather experienced health insurance, home insurance and auto insurance broker. On Monday morning, he knew it would be just another day of shuttling back and forth between the big insurance companies and his clients, if not physically than mentally and electronically. Harold looked forward to this because it gives him a great sense of satisfaction to get a good deal for middle and lower middle class families. He searches through a stack of policies for the policy that will be most suitable and beneficial for his client. And he also aims to get his clients a reliable policy with the lowest premium payments, so they do not need break the bank each month to make payments. 'Home And Auto Insurance UK' And a number of people who opt for home and auto insurance live in dangerous neighborhoods where gang warfare is becoming increasingly prevalent and the crime rate is high. But in such areas there are acts of arson, car thefts, burglaries, etc. Of course, people who live in safer areas opt for home and auto insurance too because none of these people will be able to bear the financial loss if their home is destroyed by a natural disaster or fire. of cause, it would be a significant financial blow for them if their car were stolen or damaged as well.

And Harold came from a middle class family too. He learnt about the benefits of insurance at an early age. When he was 11 years old, he lost his father in a car accident. The father was the sole earner of the family, and with 5 more children to support the only thing his mother could fall back on was Mr. Bodega’s life insurance policy. The money that the family got from the insurance company helped to pull them through the hard times and all the children were able to complete their education.

But Harold relates this personal incident several times because he wants middle class families to have a social safety net to rely on in case one of the income earners passes away. With the rising rates of obesity and heart disease, such tragedies are unfortunately becoming more likely. And as Harold gets into the elevator, he adjusts his tie and golden tie pin. Although Harold is a Bermuda shorts and flip flops kind of man, when he comes to work he dresses meticulously because he knows that the great impact his attire has on his clients. So, his well tailored and sober clothing gives an impression of organization, seriousness, hard work and reliability. Once Harold enters his office, he is sucked into a whirlpool of activity. The phones are ringing all around him and his young trainees run back and forth, receiving calls, scribbling down notes and contact information, skimming through folders, struggling through files and spilling coffee on the fairly new dark olive green carpet.

~Commercial Insurance Brokers~

~Commercial Insurance Brokers~ ~Commercial Insurance Brokers~ working for professional companies can provide you with very specialized and customized services as required by large companies and corporations. Commercial insurance brokers will shop around to find the most suitable insurance policies with low premium rates.

The insurance brokers will know of how different companies calculate and evaluate the credit score and set premium rates.

They will effectively identify risks and negotiate with various insurance companies to get you the best deals and discounts. Global risk management and insurance brokerages have a global distribution network which they use to place your insurance risk with the best possible insurance provider.
The broker will also be aware of the special discounts and exceptions offered by these companies. Brokers search through a large number of different insurance databases to find you the best price. As a result you get the best deal without having to spend hours searching for quotes; you receive quotes and advice and are not pressured to buy. Your agent will prepare reports, maintain records and in case you suffer a loss, help you settle your insurance claims. Some brokers also offer financial analysis or advice about how to minimize risk. 

A commercial broker is able to negotiate low-cost deals for extras like add-on legal cover or breakdown cover. As a result, you can add these to your policy for a fraction of the price. Commercial insurance brokers will tell you when you need to update your policy and provide you with prompt and personal service. Your broker will also guide you through any claims process to ensure that you are treated fairly by the insurance company. ~General Insurance Brokers~
Here are a few examples of the types of insurance that commercial insurance brokers can arrange for you :
~Liability Insurance ~: provides coverage in case someone sues you for causing them unintentional injury . Liability insurance will cover your attorney fees and pay the settlement amount when a verdict is reached.
General insurance is made up of two main groups: personal lines and commercial lines. Commercial lines insurance provides coverage for commercial autos, farms, commercial credit, aviation, marine/ocean/inland, workers’ compensation, public liability (which includes environmental pollution), surety, nuclear, surplus and excess lines insurance, title insurance, machinery and boiler insurance, glass insurance, commercial multiple line, product liability and professional liability.
Buying commercial lines insurance is a must since some of the major risks that businesses and corporations face include litigation, destruction of the premises and the death of employees (due to fire or natural disaster) and the loss of equipment or money. Professional Indemnity Insurance : provides coverage in case of negligence claims against professional practitioners such as lawyers, dentists, doctors, accountants and architects. Another form of professional indemnity insurance called errors and omissions insurance is most commonly purchased by non licensed professionals such as artists or graphic designers.
Directors and Officers Liability Insurance~ : protects companies, mostly corporations, for legal claims arising because of the negligence and errors made by this company’s directors and officers.
Crop Insurance ~: provides coverage for crop loss or damage caused by frost damage, insects, disease, bad weather, hail or drought.
Crime Insurance ~: provides coverage in case you suffer losses due to theft or embezzlement committed by a third party.
Aviation Insurance ~: protects against risks associated with hull, hull war, liability, spares and deductibles.
Terrorism Insurance ~: provides for losses arising as a result of terrorist activities.

Workers' Compensation Insurance : helps workers when they suffer from a job related injury by paying all or part of the wages they lose and the medical expenses they incur.
Boiler Insurance : provides coverage to factories and construction in case of accidental physical damage to equipment or machinery
Builder's Risk Insurance : provides coverage in case of physical loss or damage to property during construction.
Political Risk Insurance ~: provides coverage to businesses that suffer a loss because of the political conditions of the country in which they are operating.
Environmental Liability Insurance~ : protects industries and companies in case of leakage or release of pollutants which results in property damage, injury and clean up costs.
Title Insurance~ : ensures that the person who bought the property or is paying the mortgage will retain the title to the property, free of any encumbrances such as liens.
Risk Management And Insurance Brokerage

When you have a business you face many risks and you need to protect yourself by identifying those risks and figuring out what insurance policies will protect you from possible losses. Risk management involves measuring risk and developing strategies to deal with the risk.

You can manage risk by transferring it to another party (e.g. by buying an insurance policy you transfer the risk to the insurance company), reducing the negative impact of the risk or taking steps to avoid the risk.

UK Insurance & Consumer Protection 'ACT'

UK Insurance & Consumer Protection 'ACT'

In the UK, the Consumer Protection Act 1987 and the EC Directive on Product Liability require that manufacturers or suppliers of goods carry some form of product liability insurance that is usually part of a combined liability policy. In public liability insurance, premiums depend on the type of business, turnover and number of employees. It is a good idea to compare the quotes given by your broker with the quotes being offered by other brokers. When you apply for an insurance policy, you fill out a proposal form which is your offer to the insurance company where you state the premium amount you are willing to pay.

Sometimes, they will agree to accept your offer if you make certain changes to the terms you have proposed. In this case, get advice from several brokers about whether the amount the insurance company has quoted is reasonable or not. Get advice from more than one broker about this that you do not offer to pay more than is necessary. The insurance company will either accept or reject your offer. Obviously, you should apply to several well reputed, reliable and licensed insurance companies to be able to choose the best possible quote. In an indemnity contract, the insurance company will pay you no more than the actual loss suffered. This will ensure that you remain in the same financial position that you were in immediately prior to the accident which led to the insurance claim. Most personal accident insurance contracts and all life insurance contracts are non-indemnity contracts. You need to watch out for under-insurance and excess clauses issues in your contract. Do not under insure your property in order to pay lower premiums. This is not a wise decision because if you under-insure a car worth 20,000 at 10,000, if there is partial damage to your car your insurer will pay only a percentage of the 10,000, which means you will have to bear the remaining amount of loss yourself.

Commercial insurance brokers deal with commercial fleet, product liability, public liability and employer’s liability (workers compensation), among other things. An example of a major UK commercial insurance broker is Marsh & McLennan Companies.

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