A confidential insurance audit is an excellent alternative to carrying out a full formal review. It measures the scope, effectiveness and value of your insurance policies and identifies areas which need to be improved.
An independent audit of your risks and insurance arrangements will provide:
An analysis of your current and potential insurable risk exposures.
A GAP analysis showing how your risk exposures match against your current arrangements.
Benchmark pricing for our recommended insurance programme.
Details of an example service plan, including areas of additional assistance such as health & safety and risk management.
Benefits over a formal review
A confidential audit changes the focus from merely looking at cost and concentrates on analysing how your risk exposures match against your current insurance arrangements and pricing.
Tailoring your insurance programme to your needs will enable you to get best value especially in an insurance market that remains competitive. This exercise enables you to exploit these favourable conditions without undue market exposure.
–Time to think
This audit should be carried out away from the renewal date so there is no pressure to make decisions quickly. This allows you more time to consider all options and make a more reasoned decision.
No contact is made with the insurance market. This avoids upsetting a long term relationship with your existing insurance broker.
It ensures your organisation is not over represented in the market with a number of brokers approaching the same insurers, with different presentations and pricing messages. When this happens, insurers are not motivated to provide their best pricing and are less competitive.
Bluefin is one of the UK’s leading independent insurance brokers, providing specialist insurance and risk management services to individuals and businesses. It provides market leading insurance solutions delivered locally through a network of 42 offices and over 1400 staff.
As a top ten independent UK insurance broker, Bluefin provides specialist advice across all classes of business including property, employers liability, public and products liability, professional indemnity, contractors all risks, motor and engineering.
Bluefin also underwrites on a wholesale basis for a wide range of products and schemes. Bluefin is proud to have been awarded Chartered Insurance Brokers status by the Chartered Insurance Institute in 2012.