Get a free and unbiased quote and save time and money. Professional NZ-wide service and quotes from all of the major companies.Get Free Advice
You can find the best indemnity insurance for you and save considerably on the premium if you compare quotes from different insurers.
This has now become easier as you can order free quotes online and receive the offers from the providers electronically. However, this does not mean that the process is simple. You have to be well organised in order to reach the desired results.
You have to know what you want exactly from indemnity insurance. Figure out how comprehensive the coverage should be given your operations, revenue, market presence and customer base size. You need to determine an optimal coverage amount as well. Additional factors such as the number of claims in your industry and their size will help you out.
You should set a budget for the policy. It should be based on your requirements and on the sales revenue of your company. It is best if you calculate it as a percentage of the gross sales of your business. That way, you will know when to buy more coverage given the expansion of your business in the future.
You should provide complete and accurate information when requesting indemnity insurance quotes. Try to give as many details about your business as possible. Use your business plan for reference. It is best to obtain quotes from five to seven companies.
Go over the insurance quotes and primarily over the covered items, coverage amount, exclusions, limitations and cost to see if they match your criteria. You can readily exclude the ones which do not to make the comparison process simpler and more efficient.
Compare the benefits that you will get with the different indemnity insurance policies and then compare their cost based on these benefits. You should try to calculate how much each extra benefit will cost you and determine whether it is worth having. The more you can get for your money the better.
Compare the insurers which offer the policies. Base the comparison on their independent stability rating, the duration of their niche market presence and their overall reputation especially in terms of the customer service which they provide. You should buy a policy from a stable, experienced and reputable company.
Always try to get the best value for your money. The cheapest policy is usually not the best. You should have a clear idea about your priorities in case you have to make compromises regarding the insurance.
Now you are fully prepared to request and compare indemnity insurance quotes. To view a range of free, no obligation quotes from reputable market providers, click on the link below.Get Free Quote