WE GET ADVISORY SERVICES AND INSURANCE.
Of the over 90% of insurance policies that we have reviewed at InsureRight, we have been able to save our members costs while still keeping the best insurance cover to minimise risk. Our specialist consulting team, with years of experience in the insurance, underwriting and broking industry, offers Members independent, expert and professional advice.
We cover all the key areas of your insurance needs, such as terms of cover, pricing, broker advocacy and the wording of your policy to make sure what you think is insured, is actually insured. We are also very experienced in identifying coverage deficiencies, including gaps in coverage, inadequate levels of protection or overlapping coverage.
InsureRight are not Insurance Brokers, rather we are independent advisors providing a service that WILL assist you to accept lower costs and insurances that best fit your needs.
Have a read of our Insureright Industry INSIGHTS document.
InsureRight is a global insurance and risk management consultancy with years of experience that is dedicated to ensuring:
- Your risks are identified and covered correctly by your policy
- You have the broadest policy wordings available
- Your current broker and insurer, are transparent and are truly and genuinely acting as your advocate
Our experts will do all we can to minimising your risk and costs. Before you renew your policy, allow us to provide you with a no-risk advisory service, you have nothing to lose, and so much to gain.
Our team at InsureRight have extensive experience in working with Local Government such as City of Greater Dandenong and Benalla Rural City Councils to ensure that they have a broader, more tailored coverage along with enhanced insurance broker services to further reduce risk.
Management of Tender Process
We conduct a unique, comprehensive tender review process for the provision of insurance broking and risk management services, eliminating any potential complications or anti-competitive behaviour
Evaluation of Service Level Agreement
We ensure your broker or insurance advisor provides you with a tailored service model in line with your individual needs rather a ‘one size fits all’ approach.
Technical Coverage Review
An in-depth examination of policy wordings that benchmark the actual levels of cover provided against your specific risk profile as well as alternative products available.
Risk Management, Technical Expertise and Ongoing Advice
We provide 24/7 assistance with any questions or concerns that may arise.
Key Case Studies for Members
Key Features and Benefits for Members
INSURANCE SAVINGS IN AGED CARE
InsureRight recently reviewed one of Australia’ largest, privately owned providers of residential aged care. With 54 facilities, over 6,000 residents, operating for over 20 years and with a recent IPO, it looked like they were making savings whenever they could.
However, with our select panel of aged care insurance experts, we conducted a no-obligation review of their insurance policies. After the review, they advised us that we had, ‘delivered a number of noteworthy policy enhancements and improvements in cover combined with premium cost savings exceeding $200,000 per annum.
THE IMPORTANCE OF CORRECT WORDING ON YOUR POLICY
These are just some of the wording enhancements by different types of insurance policies that we were able to help
General liability, 21 policies. Professional indemnity, 18 policies. Directors and Officers liability, (which is more important now than ever), 13 cases, Industrial special risk, 29 cases and motor vehicles 16 cases.
ANNUAL PREMIUM SAVINGS BY INDUSTRY.
Aviation, 22%, Construction 24%. Retail 31%, Not for Profit 25%, Food and beverage 19%, Information & Technology 27%, Manufacturing, 19%, Transport and Logistics 36%, Finance services 32%, Human resources, 21%, Education 17%,
LOCAL COUNCILS SAVE 12.8 MILLION
Case study, Local councils save $12.8 million
Risk is unavoidable in running a council. Insurance is a part of that risk management, but if not done correctly, it can waste valuable ratepayer dollars each year. We independently audit your insurance so you are able to report to ratepayers that you have done all you can to minimise cost and risk.
We have worked with Australia’s oldest and largest government groups, to reduce costs by more than 35% for individual Councils; this equals total monetary savings in excess of 12.8 million dollars. Many did not even have to change insurers or sponsored schemes.
Missed one of our Insurance Webinars? Catch up anytime:
Insurance News – Cyber Insurers Apply Significant Rate Increases But Worry About Pricing Long-Term As Losses Mount
Insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike in
The Insurance Council of Australia (ICA) has declared a catastrophe for the NSW emergency as widespread sustained rainfall and flooding
Commercial pricing in the Australia-dominated Pacific region surged 35% in the fourth quarter as an upward trend accelerated, the latest
Talk to Procurement Australasia about anything related to Advisory Services & Insurance: