Can I pay online for my insurance?
Yes, subject to our terms and conditions, please click here.Can I buy insurance directly from an insurer?
You can buy many life insurance and property-casualty insurance products directly from an insurer without help from any intermediary, i.e brokers or agents. Typically potential policyholders will be contacted by mail, or they can telephone or send email to apply for a product. The advantage of this type of distribution system is that expenses are usually much lower because there are no commissions to be paid. These savings can be passed onto the consumer through lower premiums. The main disadvantage is that the policyholder does not receive as much, or sometimes any, personal service either when buying a product or filing a claim.Should I care which type of insurer I buy insurance from?
The company that offers you the product and service you want, the quality you desire, and the lowest cost should be the company you buy from with due regard to the status and financial strength of the insurer.What is Directors & Officers Liability?
Directors of all companies are now held, at an unprecedented level, to be personally responsible for any actions and decisions they make on behalf of the company - putting their personal assets at risk if those decisions are tested in the courts.
Legally, the directors of a company and the company itself are separate entities and so may both be defendants, separately or jointly, in any legal action or prosecution. To protect the personal assets of individuals and, crucially, to cover the costs of their defense, Directors & Officers Insurance is widely used.
Furthermore, Directors & Officers Insurance extends to protect the company itself, rather than leaving it to fund its own defense, thereby acting as a mechanism that also protects the value of a director’s personal holding in the company. Modern insurance policies will not simply insure directors and senior managers, but will also extend to protect all other employees too.What kinds of questions should I be expected to answer when I apply for an insurance policy? Why do insurers ask all of these questions?
When you apply for an insurance policy, you will be asked all sorts of questions. For example, questions such as your age, gender, address, etc. You’ll also be asked questions which will be used to determine what type of risk you are. For example, when a company is deciding whether or not to offer you automobile insurance, it will want to know about your driving record, whether you have any recent accidents or tickets, and what type of car you drive. This information will help them decide whether your profile is consistent with the type of risks they are trying to attract. Some insurers specialize in offering insurance to only very safe drivers and will only accept applications from people who fit the profile of a safe driver. Once the insurer has decided your profile is consistent with the types of risks it accepts, your information will be used to determine which rate to charge you. For example, the company will decide whether you should be offered insurance at the high-risk driver rate or the low-risk driver rate. Collectively, this entire process is known as the underwriting process. Once a company’s underwriting department has decided to offer you insurance, it next determines the "quality" of the risk so the proper premium can be charged. That is, high-risk people should pay more than low-risk people.