The article recognises that policies where there is a real public or employers liability risk, premiums are rising.
Peter Lycett-Williams Operations Director, questions whether insurers are targeting property owners and shifting slightly away from high liability exposures.
amb have strong relationships with insurers and purposefully work with insurers that have a reputation for maintaining premiums at a competitive level. Larger businesses need this stability and consistantly low premiums.
By maintaining a relationship with your insurance broker, who can learn how your business manages your risk, you can still see reductions in premiums.
Insurance Age :
Amb Insurance’s operations director Peter Lycett-Williams asked a pertinent question, again related to Ogden.
“Will insurers be using capacity in these [property] areas and move away from the liability risks? It looks as though insurers have certainly focused their efforts to discount property owners risks.”
The article can be found here https://www.insuranceage.co.uk/market-data/3121856/the-stats-the-acturis-premium-index?utm_medium=email&utm_campaign=IA.Breakfast_Briefing.DU.A.M-F0830&utm_source=IA.DCM.Editors_Updates (access is granted for a limited period only)
If you are a Property Owner and have not seen your premiums reducing over the past couple of years it is worth reviewing.
As 80% of properties are found to be underinsured it is wise to obtain professional assistance in arranging the correct policy.
amb Insurance work to maintain low premiums with trusted insurers, whilst providing a personal level of service.
If you need assitance with any insurance matter, please contact our office on 01782 740044 where you can speak to a designated account executive and handler.
amb Insurance Services Ltd
2 Woodland Avenue
T: +44 (0) 1782 740044
Registered in England. No.4923995.
Registered office Hillcrest House
Authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 303326.
In the event of any complaint you are entitled to refer your complaint to the Financial Ombudsman Service at:
Financial Ombudsman Service
Harbour Exchange Square
Tel: 0207 964 1000
The Financial Ombudsman Service will only be able to consider your complaint after we have had the opportunity to consider and resolve this.
If you bought your policy online then and if you are unhappy with the product or the service you received, you can also use the European Commission’s Online Dispute Resolution service to make a complaint. The purpose of this platform is to identify a suitable Alternative Dispute Resolution (ADR) provider and we expect that this will be the Financial Ombudsman Service.
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