Not being one to ‘blow
my own trumpet’ – or indeed, our own trumpet – but we have seen an incredible
flurry of requests to benchmark the insurances of archaeological groups and
businesses. It seems that April 1st
is a very common renewal date!
There has been so little
competition in this sector of the insurance market that we believe that prices
have been left to rise year-on-year unchecked.
Indeed, one of the most common moans which we hear is related to the
size of the ‘brokerage fee’! Again it
seems that this also rises year-on-year.
One comment which we got recently indicated that one archaeology society
was paying a fee to their broker which was 30% of their total insurance cost
last year!
We don’t add a brokerage
fee. We get paid a commission by the
insurer – so when we quote a ‘premium’ it includes insurance premium tax and is
the amount you pay. Nothing more!
Call me to discuss your
insurance needs on 0208 2550617 / 07768 865983
