confidential review

Helping your business to reduce costs and make sure you are covered

CONFIDENTIAL REVIEW

Confidential Review

Is your business insurance up to date? It’s vital to review your insurance program regularly – especially if you’ve been with the same broker or insurer for several years.

As your business changes over time, your risks, priorities and needs will change as well. Many brokers only focus on comparing premiums and although ensuring good financial value is important, it’s vital that the cover is comprehensively reviewed as we regularly encounter serious gaps in new clients’ previous cover.

Our confidential insurance review can give you confidence that:

  • Your business is suitably protected
  • Your cover is relevant to you
  • Any potential gaps in cover are identified
  • The premiums you are paying offer good value
  • Excessive commissions are not being earned by your current provider

When should I have an Insurance Review?

The answer is anytime of the year. The review does not have to be completed around your usual renewal date;
in fact completing it away from this period removes the pressure to make a decision.

The process for undertaking a Wentworth Alexander Review

We'll sit down with you to understand your business in more detail including your operating environment, both internally and externally. This gives us an understanding of the risks you face.

With considerable experience of arranging insurance in a number of different industry sectors, we are able to recognise the most appropriate commercial insurance solutions for both our clients and those considering changing their programme.

We will also collect the following important data to enable us to compile a detailed report:

  • A copy of your report and accounts
  • Copy of your insurance summary / register and policies schedules where available
  • Copy of your claims history (for the last 5 years where achievable)

Our experienced insurance professionals will

  • Analyse your documentation and the adequacy of your cover in relation to the risk exposures you face including all policy terms and conditions
  • Benchmark your existing premiums and determine if they are competitive compared to other providers in the marketplace, or if their value could be improved further
  • Produce a report with recommendations for improvement if required. Our report will consider insurable and non-insurable risks and we will comment and deliver recommendations in both areas. Insurance is only one solution to risk mitigation
  • Meet with you to present our report and recommendations where we will provide an implementation plan with timescales to address issues identified

Remember, because the review is confidential, it should not affect the relationship with your current provider.

What are the benefits to you?

  • Our approach changes the focus from merely looking at cost and concentrates on analysing how your risk exposures match against your current insurance arrangements
  • Identify the robustness and adequacy of your current insurance cover against the risks identified
  • Tailoring your programme to your needs will help you to get best value especially in an insurance market that remains competitive with premium savings readily available.
  • It gives you the opportunity to benchmark the premiums
  • The relationship with your current provider is maintained and not detrimentally affected
  • Best of it all its free

Wentworth Alexander hopes our approach will demonstrate our value to your business as a credible and expert advisor in the provision of insurance and risk management solutions.

Why Choose
Wentworth Alexander?

  • We pride ourselves on getting to know your business and understanding your risk profile
  • Being truly independent, we are not tied to any one insurer so you are assured of sound and impartial advice
  • Regular communication with a dedicated Account Director and Account Broker who are always accessible
  • We have our own "in-house" claims team so in the unfortunate event occurs, we are on hand to make it as painless as possible
  • The client is at the heart of everything we do and you are assured of personal service and attention to detail

FIND OUT MORE

For more information on the Confidential Review Service
we offer please contact:

James Sharkey

T: 07590 595025
E: james.sharkey@waib.co.uk

Alex Mitchell

T: 07971 209277
E: alex.mitchell@waib.co.uk

Alex Hammon

T: 07970 022207
E: alex.hammon@waib.co.uk

Did you know?

We can help with ALL of your business insurance needs, which may include:

Commercial Combined  Computer  Contract Works Cyber & Crime  Directors & Officers  Liability Engineering Liabilities  Marine & Transit Motor Fleet Motor Trade Professional Indemnity Property Owners Personal Accident & Travel

The list is not exhaustive; contact us for further details of how we can help you.

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