Commercial
We offer insurance programmes to all kinds of commercial businesses, large or small, and work hard to ensure cover accurately reflects your needs.
Because getting insurance cover right is crucial for every business, we work closely with our clients from the moment of initial enquiry through to any changes needed at Renewal stage.
Benefits
By using Nixon James Corporate, you can be confident of receiving expert and well-informed advice.
We will also:
- provide you with clear information about the products and services we offer, including any fees or charges
- encourage questions on any aspect of the insurance process which you do not fully understand
- treat you fairly, at all times.
Cost Effective Solutions
We are committed to providing value for money and will only recommend a solution that we consider is suitable for the company.
By working closely with our clients and exploring the details of the cover that you require, we are able to accurately assess your cover requirements, providing you with the most competitive insurance solution available.
Past Audit Results
Past audits carried out for other commercial clients have revealed the following significant benefits:-
Chartered Accountancy Practice – Turnover £1.2M
Competitive Premium Costs – Professional Indemnity Insurance:
We were asked by client to report on the above & particularly because they had been with a major specialist Broker for many years & felt that, as a relatively small business to them, the Broker may not have been giving the requisite attention to the client's affairs.
After our review, we ascertained that annual costs paid at previous Renewal were £10,500 odd. Despite the client asking for favourable reductions from his previous Broker, the "best" that the previous Broker could offer was £10,200 odd, claiming that this was still very competitively priced in the market place. This, we considered derisory in view of the client's exemplary claims experience over many years.
We were able to secure an alternative quotation at £7,350 odd which also reflected a reduced Excess to that imposed previously. This represented a premium saving of 30% from that proposed by existing Brokers.
On the basis of this significant cost saving, following our review & broker market exercise, we were appointed as Brokers to this client.
Residential Care Home Group (75 Beds) – Turnover £2M
No cover for Computer Equipment:
A review of this client's existing insurance arrangements during our audit revealed that their existing policy wording demanded that all computer equipment be specified separately from all other general contents, otherwise this was not covered. We found that there was no mention at all of any separate computer equipment, thereby nullifying any cover being provided for this.
Further analysis also revealed that this reflected £20,000 of the company's assets i.e. not an inconsiderable sum therefore exposed to the client’s own financial risk rather than that of Insurers. Again, this had been overlooked by the previous Broker.
On the basis of this and also our market exercise which resulted in a 30% reduction in insurance costs, we were appointed as Brokers to client.