Charity Partnership
March 30, 202395% Retention Rate on Motor Trade Insurance
May 20, 2023Engineering Firm Saves £3000 on their Business Insurance
With costs rising for all businesses, we are all trying to make cutbacks and find ways to save on our overheads. The fact however is that as a business you can’t cut back on your Insurance Cover as it’s a product you must have in place to protect your business, livelihood, and employees.
However, the fact that you can’t cut back doesn’t mean that you can’t save money on your business insurance! Insurance for your business is just like any service or product you purchase; you just need find the right fit for you and the right people to work with you.
Daily we receive calls from businesses who have realised that their insurance has been increasing year on year, but finding the time to shop around and concerns over ensuring you have the right cover is so overwhelming that you proceed to renewal for ease.
This was the case for one of our newest clients who own and operate an engineering firm in Northern Ireland. Due to the nature of their business, they had struggled to find an insurance company who understood their business and insurance requirements, so they remained with a provider for many years, but costs were getting out of hand and the insurance provider never reached out to them to discuss their cover or premium. So, this year they started the search for a local insurance broker in Northern Ireland and found Todd Insurance.
The client, reached out to our Belfast office. Following a brief conversation about their business they were assigned a client manager best suited to work with them and find them the correct insurance cover at the best price.
They were assigned to one of our local experts who works closely with many engineering firms in Northern Ireland on their Insurance Premiums. The key is always to to take time to pinpoint exactly what each firm does from production to delivery so we can ensure each client is quoted the correct levels of cover.
Within 24 hours we were able to provide a quote. On review of the quote the client informed us that they were saving £3000 on their insurance premium and there was NO COMPROMISE ON COVER! The renewal quote from the businesses previous Insurance provider was £8000 and they were securing the same level of cover with Todd Insurance for £5000.
Savings weren’t the only reason for the customer choosing us for their Insurance, they found that they had better payment options, commented that they felt confident that they had the right levels of cover due to the understanding we had of their business, and they know they are dealing with a local business should they ever need to make changes to their policy or make a claim.
We are seeing results like this regularly for many of our commercial insurance customers. You may ask yourself how/why, is it a fluke? The Answer is no. Todd Insurance is in its 90th year of business we have long standing relationships with insurance providers and enhanced discounts with many. But for us it’s not just about saving money, it’s about ensuring you as a business owner have the right cover at the right price. We take great pride in making the purchase process of businesses insurance as easy possible for all of our customers.
If you are a Northern Ireland Business Owner and your insurance is due for renewal, please reach out to us. One conversation could lead to your business saving money.
We have two offices in Nothern Ireland in Belfast and Omagh you can pop in between 9am-5pm Monday or Friday or give us a call and speak to one of our local advisors.
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Or telephone 0800 044 8187