When you go shopping for insurance, your ‘insurance claims record’ – good or bad – is always of particular interest to insurance companies.
Before any new insurance company will quote for your business, they’ll want to know about all incidents – not just claims – that have arisen in the previous five years.
Indeed, they’ll ask to see what’s called a ‘Confirmed Claims Experience’ from your existing insurance company. That document usually sets out your full accident record and claims history over the past 5 years.
This document is very important because all insurance companies treat your past record as a good indicator of how well you’re likely to perform in the future.
And, as you might expect, many insurance companies will be reluctant to quote for your business if there are several incidents/ claims against your record.
You must, therefore, take steps to make sure that the records held by your existing insurance company are fully accurate and up-to date.
All is not lost. There are steps that you can take now that will help you to minimise this problem.
First, you’ll need to focus more on health and safety. It’s only by improving your safety regime that you’ll be able to convince potential insurance companies that you’re taking steps to reduce the chance that they’ll have to pay out a claim.
Next, if there are any ‘outstanding incidents/ claims’ against your record, you’d be much better off having these quickly settled (or otherwise disposed of).
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With your co-operation, ‘Dandelion’ will closely examine your insurance claims/ incident record to see what can be done to improve it – and, where appropriate, we will arrange to discuss your claims with your insurance company’s claims handling staff.
