Reducing your business insurance premiums without compromising coverage is possible with a strategic approach.
Here are some examples of how this can be done:
Increase Deductibles: Opting for a higher excess can lower your premiums. Just ensure that you can comfortably afford it in the event of a claim.
Bundle Policies: Many insurers offer discounts if you bundle multiple types of insurance (eg. property, liability, and business interruption) with the same provider. This can simplify management and reduce overall costs.
Implement Additional Risk Management Measures: Enhance safety and security at your business to lower the risk of claims. This could include installing fire alarms, security systems, and surveillance cameras, as well as regular maintenance and staff training on safety protocols. You may qualify for a discount when extra safety/security measures are implemented.
Regularly Review and Update Coverage: Periodically review your policies to ensure you’re not over-insured or paying for unnecessary coverage. Adjust coverage to reflect any changes in your business, such as downsizing or removing obsolete equipment.
Maintain a Good Claims History: Insurers may offer lower premiums to businesses with a good claims’ history. Implementing risk management practices that reduce the likelihood of claims can help maintain a clean record.
If you’re not sure whether you are properly covered, please don’t leave it to chance. Get expert advice before it’s too late and speak to the team at David J Miller Insurance Brokers. We can arrange a review of your details when it’s due for renewal so get in touch!
David J Miller Insurance can get you covered with comprehensive and competitive travel insurance, whether you’re jetting off solo or taking the whole family along. From single trips to annual policies, we’ll find the right policy for your adventures!
Wherever you’re headed — whether it’s backpacking, skiing, or relaxing under the sun, our policies can ensure you’re protected every step of the way.
Get in touch to learn more about:
Annual policies
Single trip options
Cruises
Dangerous sports
Water sports
Winter sports
Cover for pre-existing medical conditions **
Specialist cover
Round-the-world trips
Special restrictions
**A pre-existing condition is any health or medical issue you’ve been diagnosed with or received treatment for, including symptoms you’re waiting on a diagnosis for. If you’re unsure whether a condition is relevant, you do need to share it with us — this includes conditions managed with medication or those that only flare up now and then. Remember, honesty is the best policy!
Using the David J Miller team will help you save time and money! Let us help you find the best policy tailored to your needs, so you can travel with peace of mind knowing you and your loved ones are well-protected.
If you’re off on your travels, get in touch as soon as you book to ensure your trip is covered, especially for cancellation, as anything can happen in the time between booking and travelling.
“Protected No Claims Bonus means my premium won’t increase after a claim”
Myth: Some drivers believe that if they have no-claims bonus (NCB) protection, they won’t lose their discount, even after an accident.
Reality: No-claims bonus protection only allows you to make a certain number of claims before it starts affecting your discount.
Additionally, this protection doesn’t prevent your premium from rising after a claim, as insurers may still increase the base cost of your policy. You’ve only paid for the benefit with the one insurer, so other companies may not accept it.
Talk to us about whether no-claims protection is worth it for you. We can explain what it covers and how it works in practice.
Did you know that David J Miller Insurance Brokers has a dedicated event insurance team? Our straightforward, no-nonsense staff are here to help you quickly get a quote or answer any event-related questions you might have. We’ll get you covered in no time!
Our team specialises in Event Insurance for event committees, individual organisers and professionals. So, whether you’re planning a village fete, a sports tournament, a conference, an exhibition, a boxing match, or even a festival, our team is here to make sure your event is properly insured. It doesn’t particularly matter what size or scale your event is. If you need insurance for just one day, or for multiple events throughout the year, we’ve got a policy that covers that too!
Our events insurance team focus solely on the Event Insurance industry and understand how confusing it can be. We’re committed to answering all your questions, big or small and we take pride in delivering exceptional service every step of the way.
Beyond great service, our quotes are comprehensive and affordable. We’ll make sure your event has all the essential coverage you require.
Here are ‘some’ of the event insurance options we can offer:
Public Liability Insurance – Essential for covering incidents where a member of the public might get injured or 3rd party property is damaged at your event.
Employers’ Liability Insurance – If you’ve got anyone helping at your event whether paid or not, this coverage is normally required by law.
Equipment Cover – Protects any event equipment owned or hired in case it’s damaged or stolen.
Event Cancellation Insurance – Provides financial protection if unforeseen circumstances force you to cancel the event.
We’re here to make sure you get the cover you need so get in touch.
Gap Insurance can be your safeguard when it comes to treating yourself to a new car. It bridges the gap between what your insurer would pay if your car were stolen or written off, and what you originally paid for it.
Imagine spending £15,000 on a car or financing that amount. Then, a week later, your car is stolen or written off. Your insurer offers you £10,000 based on the car’s current value, but you’re still £5,000 short or potentially even in debt for a car you no longer have.
That’s where Gap Insurance steps in! It covers the shortfall between your insurer’s payout and what you’d need to replace the car or clear your finance. Given how quickly cars depreciate, it can really save the day.
Where Gap Insurance Applies
You’ve Taken Out a Big Loan to Buy Your Car – Gap Insurance can cover any outstanding finance if your car is stolen or written off, so you won’t be stuck paying for a car you can no longer drive.
Worried About Depreciation? – If your car’s value drops quickly, you may not get back what you paid for it after an incident. Gap Insurance will enable you to get back more of what the car has actually cost you.
You’re in a Long-Term Lease – For long-term rentals with mileage limits, a write-off could leave you without a car and facing hefty fees. Gap Insurance helps protect you from this scenario.
Who wouldn’t want peace of mind from this potential scary financial scenario? Some scary stats here……….did you know that nearly 500,000 vehicles are written off every year and a vehicle is stolen every 8 seconds in the UK?
The David J Miller’s team are here to help so get in touch!
We all know insurance isn’t the most exciting industry but some of the claims that are made can make us chuckle!
A homeowner reported that his washing machine had ‘gone mad’ and caused a flood.
Upon investigation, it was discovered that the machine had malfunctioned during a particularly wild spin cycle, shaking so violently that it had disconnected its water hose, which then flooded the utility room.
The homeowner described it as being ‘possessed’ and had ‘danced’ its way into causing significant water damage. The insurance company agreed and paid the claim under the property owners insurance policy, labeling the incident ‘mechanical misbehavior.’
Sounds like the washing machine had one too many spins, just like Uncle Keith after a few drinks when he’s at family parties!
Motor insurance can often seem confusing and with so many policies, terms and jargon, it’s no wonder there are some common misconceptions.
As an insurance broker, we hear these frequently, and it’s our job to help clarify what’s true and what’s not.
“Comprehensive Insurance Allows Me to Drive Other Cars”
Myth: Many drivers think having a comprehensive insurance policy automatically means they’re insured to drive other people’s vehicles.
Reality: While some comprehensive policies may offer third-party cover to drive other cars, this isn’t guaranteed and the level of cover is often very basic. In many cases, you won’t be covered unless it’s explicitly stated in your policy. The said ‘other’ vehicle must be insured in its own right too.
Always check the fine print or speak to your broker to confirm if your policy includes driving other vehicles and if so, under what circumstances?
You’re not alone! Many people are seeing their premiums rise. One of the causes is due to rising costs of materials and labour needed for repairing and rebuilding damaged homes. But don’t worry – we could help save you money on your home insurance premium.
Do you really need home insurance?
Unlike car insurance, home insurance isn’t legally required in the UK. But it’s highly recommended! Without it, you could face costly repairs or replacements if the unexpected happens. Plus, many mortgage providers require buildings insurance, so it’s worth having both buildings and contents cover for full peace of mind.
How much will it cost?
The cost of home insurance varies based on factors like:
Our client (I’ll call him Mr Fish) had arranged property owner’s insurance through us. He had received a letter from his regional water board advising the property was using a lot more water than was expected for the type of building and had increased quite suddenly. They advised there would be an engineer sent out to investigate as there must be a leak somewhere but could take anything between 4-6 weeks before they could get anyone to come out?
Mr Fish was concerned that the water could be causing more damage than necessary whilst he was waiting, so got in touch with ourselves to looking at dealing with through his insurance?
We advised him to arrange for an engineer to go out and the leak was detected between the water meter and the stop valve. It was a substantial leak…….he was losing 18 litres of water an hour (which he would be paying for too!)
After a few hours of digging through concrete, the leaky pipe was found – this was covered under the ‘Trace & Access’ clause of his Buildings Policy and the insurance company footed the bill for the investigation work.
This was all done within 7 days of the claim being reported – that’s what you call a fantastic result!
At least Mr Fish hadn’t been trying to fill a swimming pool… though he could’ve have if it had been left to the water board!
Trace & access cover means you are covered to identify the source of a water leak and making sure there is access for it to be fixed (the repair/replacement of the leak source is not covered). It gives peace of mind knowing your insurance can cover this, as generally this could be the most costly part of the job.
No-one wants to have to make car insurance claims. Unfortunately, these things are often out of our control. What is in our control, is our actions towards avoiding such an incident that can result in making a claim.
Continue reading to discover our top 5 tips on how to reduce your chances of an accident, and in turn a claim on your car insurance:
1. Avoid tailgating
Travelling too close to the car in front, otherwise known as tailgating, is one of the leading causes of car accidents. Without leaving an appropriate amount of space between yourself and the car in front, you are putting yourself at greater risk of a collision.
Did you know?
You need at least 3 seconds to react if the car in front of you starts braking suddenly.
It is recommended that you should be able to see the tarmac and back tyres of the car in front, if you cannot, you are too close.
5 benefits of leaving space behind the car in front:
If you are hit from the rear, the space creates a buffer between yourself and the car in front, minimising possible damage
Allows room in case of roll back, if you have stopped on a hill
Leaves room to pull out and move around if the vehicle stalls or breaks down
Enables you to see further up the road
Gives you more margin for error
Be aware
Fraudulent claims are on the rise! Claimants are braking at unusual places, such as roundabouts, causing the vehicle behind to run in to the back of them.
2. Err on the side of caution
“I didn’t see the car until it was too late”
When pulling out of a minor road take the time to check for vehicles on the major road and assess the speed they’re travelling at. One of the most common causes of car accidents is not noticing the oncoming vehicle and/or misjudging the time you have to pull out onto a major road.
This could put you at blame of the car accident!
Before pulling out of a minor road, make sure your windows are clear of condensation or frost and wait until you are absolutely sure that it is safe to move on.
3. Watch your speed
Car accidents caused by travelling too fast for the road conditions are often a result of drivers rushing to their destination. Consider your journey time and plan in advance. Allow plenty of time for your journey, and if you are late – don’t panic! It is far more important that you get to your location safely, rather than timely.
4. Overtaking is overrated
Overtaking another vehicle can be a dangerous manoeuvre to make due to the difficulty in judging the time and space to complete the overtake successfully and safely. The manoeuvre is made even more difficult in certain places such as road junctions or at the brow of a hill.
If you must overtake, follow this advice:
Don’t tailgate
Use your mirrors and check your blind spots if necessary. Signal and when safe to do so then start to move out
Be careful to not immediately follow an overtaking vehicle in front of you, there may only be enough room for one vehicle
Take extra caution at night and in poor visibility. Conditions like these make it harder to accurately judge speed and distance
Think ahead and don’t overtake when there is a possible right turn the vehicle in front might make.
Most importantly, if you are ever in doubt, don’t pull out! In this circumstance, proving the other driver is to blame would be extremely difficult.
5. Don’t leave keys in the car
This may sound like an obvious point to make; nevertheless, it is so easily done.
Have you ever left your keys in your car with the engine running while you were defrosting your windows? Most of us have!
However, if your car is stolen while your keys are inside the vehicle, your insurer will not pay out. Whether you had ‘popped inside’ or ‘turned around for a second’, insurers will find these as insufficient excuses.
How to make car insurance claims
The team at David J Miller Insurance Brokers is on hand to offer help and advice. We can help in presenting your claim to the insurer and move it forward as quickly as possible.
Contact our insurance claim department directly on 01254355175 during office hours, Monday – Friday from 9am – 5pm.
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