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Earlier this month we were asked by Insurance Business magazine for our thoughts on delegated claims authority.

This is where a broker is able to approve small claims themselves, rather than having to wait for approval from the insurance companies.

If implemented, this should lead to faster payments to tradies who have had their tools stolen.

Here are our thoughts, as published in the magazine:

Text:

“It would only work for a very limited range of claim types, but it could work very well.

At Trade Risk our most common claim is for a tradesperson’s tools.

We can easily show proof of ownership as well as quotes for replacement of tools, and obtain the police report confirming there has been forced entry.

In this case there is virtually no grey area, and with most being worth only a few thousand dollars there is no reason why we shouldn’t be able to quickly settle these claims using our own expertise.

In my opinion, if an insurer doesn’t trust a broker to settle a very basic claim, they shouldn’t trust them to write the policy in the first place.”

Here at Trade Risk we aren’t just about selling insurance. We’re about protecting tradies and making their life easier.

We want to make sure that when you have your tools stolen we can have them replaced as quickly and painlessly as possible.

We know you rely on your tools to make a living, and that’s why we’re always pushing to improve the claim settlement process for our clients.

Tradies Love Trade Risk

In 2017 Trade Risk was awarded a Gold Trusted Service Award for the amazing service we offer to thousands of tradies from around Australia.

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    "To all intents all has gone well, but until I make a claim I really wont know will I?"
    Peter Paul Derkley | Tradesman Insurance |
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    "Excellent & prompt service"
    | Trade Insurance - Renewal |
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    "Been using traderisk for a couple of years now. I highly recommend easy to deal with and provide an amazing customer service!"
    Travis Daniel Finger | Trade Insurance - Renewal |
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    "Easy to deal with. Sent reminder emails and followed up. Gave contact numbers for any issues."
    | Trade Insurance - Renewal |
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    "Communication! Keeping me informed for the renewal process for my public liability."
    Scott Peter Rowlands | Trade Insurance - Renewal |
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    "Trade Risk ask more questions and tailor the cover to suit your risks. That means you get great cover at a competitive price."
    Alister Andrew Campbell | Trade Insurance - Renewal |
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    "Excellent service"
    | Trade Insurance - Renewal |
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    "good service"
    ULTRAFRAME WINDOWS AND DOORS PTY LTD | Tradesman Insurance |
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    "Easy and professional service"
    G.A Turner & T.L Turner | Trade Insurance - Renewal |
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    "Was very helpful nice to talk with Jeremy great service thank you"
    | Trade Insurance - Renewal |
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    "Ease of access and affordable"
    | Tradesman Insurance |
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    "No fuss very easy to deal with"
    Nicholas Oliver Lawson | Trade Insurance - Renewal |
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    "Everything was professional and paperwork sent to was was easy to follow. Jennifer is a great asset to your business."
    | Trade Insurance - Renewal |
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    "Fantastic service with a very competitive rate. Thank you Trade Risk"
    | Trade Insurance - Renewal |
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    "Easy process would recommend Trade Risk"
    | Trade Insurance - Renewal |
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    "Easy to deal with and the process of taking out or renewing a policy is very efficient and intuitive."
    Robert Brian Williams | Trade Insurance - Renewal | Melbourne
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    "Simple Tradie insurance from great people!!"
    Red River & Carol Rohde | Tradesman Insurance |
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    "Very affordable and easy to deal with. Haven’t had to make a claim yet."
    Trevor Wheeler | Trade Insurance - Renewal |
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