‘Alternative Risk Division’
Finding insurance for unusual risks can be frustrating, especially when no one has taken the time to understand the real nature of the risk you are seeking insurance for.
Indeed, Underwriters [Insurance Companies] are ‘risk adverse’ by their very nature, thus knowing which insurers have appetites for certain classes of risks is the key to getting insurance for unusual risks across the line, at an affordable premium.
For instance, mainstream underwriters won’t touch Commercial Fishing Boats with a barge pole, whereas that’s all some underwriters do.
Many of our clients have come to us after their insurance brokers have put their risks in the ‘too hard basket’ which is a real shame because there are insurace companies out there who want your business.
Quite frankly, there’s so much to write about ‘hard to place insurance’ that the topic deserves several pages to address such topic in much more detail. see the link below More About Hard to Place Insurance for more detail on this subject.
Most insurance companies shy away from hazardous risks where there is potential to cause injury to people or cause extensive loss to the environment such as pollution risks.
Take for instance the recent nuclear melt-down in Japan causing immense loss and damage to the Japanese people and their environment; not to mention the consequential losses to industry which has far reaching effects on people on the other side of the world as well.
There is also the case of the 9/11 attacks on New York which while an instant disaster for everyone one concerned the biggest affects on humans and the environment is just starting to develop, most notable by the lingering pollutive affects on rescue workers and local residents’.
Closer to home; the Brisbane floods and the predictions for more such similar events has made it near-on impossible for property and business owners along the main flood path to obtain insurance at an affordable cost, if available at all.
There are 11 main Categories of ‘Hard to Place’ Insurance covers we deal with regularly; they are..
Key Cover recommended for accommodation insurance packages:-
Expert & Professional Advice
Our comprehensive knowledge of both the Motel & Accommodation industry is a key factor when it comes to negotiating insurance for you; and when it comes to claims, you can be assured of our continued expert advice & support all the way to settlement.
Getting the right level of cover at the right price means more profit and less risk to you - that’s why it’s so important to have a specialist insurance broker such as RGIB’ regularly review your insurance needs to make certain you’re always getting the right insurance cover on the best terms available.
If we can’t improve on what you’ve already got, we don’t earn a thing.
