Insurance Rant

January 6, 2008 on 1:08 pm | In Uncategorized |

It seems to me that the insurance companies are making being in business difficult. The cynical part of me thinks because the car and house insurance market is so cut throat they are hiking up the prices to businesses who have no choice to have insurance to be in business.

I have been looking at the figures for being in business this coming year and the biggest running expense is insurance. So I called in the insurance company to see what I could do about reducing the cost. The conversation went something like this:

‘My current premium is £… and I would like to reduce it?’

‘You are a limited company?’

‘Yes’

‘If you go back to being a sole trader then you will have exactly the same cover and it will be half the price.’

‘What, so I become a sole trader again and I will have exactly the same level of cover and pay half the premium?’

‘Yes’

Well as you can imagine I was a little taken aback by this.

I have the feeling I am being ripped off … The big problem there are to my knowledge only two companies who will provide cover.

What would be good is if I could buy insurance for a client when the trip starts and I would know the exact cost per person per day. I remember buying a Carte Niege when skiing to cover the cost of getting off the mountain if you had an accident, wouldn’t it be nice if you could do the same to get the relevant level of insurance for adventurous activities.

Tim Pickering
http://www.canoehebrides.com
Living in the world's biggest adventure playground - The Outer Hebrides CanoeHebrides.com - Sea kayaking Expeditions BikeHebrides.com -Quality Mountain Bike Hire