Product category:
Manufacturing finance: insurance services
News Release from: UK and Ireland Insurance | Subject: Engineering insurance
Edited by the Manufacturingtalk Editorial
Team on 17 August 2004
Shop around, use plain English to buy
insurance
Thousands of UK engineering companies are wasting money by using the wrong type of insurance broker, and they should shop around and ask for plain English interpretation of contracts.
Thousands of UK engineering companies are wasting money by using the wrong type of insurance broker, claim experts Buying insurance in today's market is a complex and time consuming task and there are more people than ever in the insurance business
This article was originally published on Manufacturingtalk on 1 Jul 2008 at 8.00am (UK)
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A carefully selected broker can deliver great value to a business but choosing the wrong one, can be an expensive mistake.
UK and Ireland Insurance Services, the business insurance specialists have compiled the top five tips to consider when choosing a broker: * Ensure they have good knowledge of what is happening in the market.
* Look for a specialist as many companies only offer a general service.
* A good broker should be able to explain complex issues in plain English.
* They should have some good references to draw on.
* They should ask lots of questions about the business to understand its needs.
Martin Nugent, at UK and Ireland Insurance Services, said: "Getting the right broker is as important as getting the right insurance.
It's important to shop around and not just go for the first one you find.".
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