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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.

  • "Communication and contact support."
    | Tradesman Insurance |
  • "Great service and communication on all of my dealings with them"
    Super Inspect Pty Ltd | Tradesman Insurance |
  • "Simple and easy process to go through and would highly recommend this service to anyone"
    Tony | Tradesman Insurance | Sydney
  • "Exceeded expectations, great service"
    Cewe Pty Ltd | Tradesman Insurance |
  • "Cheap price, never had to claim so not sure how well it will hold up as a policy with loopholes etc"
    | Tradesman Insurance |
  • "Quick process exelent treatment to the client."
    | Tradesman Insurance |
  • "Excellent service"
    | Tradesman Insurance |
  • "Timely reminders and quick response emails."
    The Trustee For The Stephen & Yvonne Henry Family Trust T/As SYS Creative Pty Ltd | Tradesman Insurance |
  • "Great communication, customer service."
    | Tradesman Insurance |
  • "There is plenty of warning that renewal time is coming up. Because of the diversity of our work, they ensured that all aspects of our work was covered and noted on the paperwork. A comparison quote was arranged for, given the extra wording and cover needed and, to our surprise, they were able to save us some $200 in premiums. Thank you Trade Risk."
    Mark Stanley Hawkins T/As Picture Perfect Art Hanging | Tradesman Insurance |
  • "Easy to renew"
    Jeremy Bishop | Tradesman Insurance |
  • "answering my phone call so quickly"
    | Tradesman Insurance |
  • "quickly, sample, good vale I LOVE IT"
    | Tradesman Insurance |
  • "The policy and premiums were ideal for my small business. The support staff were great to deal with."
    | Tradesman Insurance |
  • "prompt service"
    | Tradesman Insurance |
  • "Happy with the purchase However the only feedback that is important is how you perform when I have a claim, buying something is easy, ask me for my feedback then! Cheers Brian"
    | Tradesman Insurance |
  • "Like the prompt service received."
    B2B Marketing Group Pty Ltd | Tradesman Insurance |
  • "good offer. very helpful"
    Navcom Communications Pty Ltd | Tradesman Insurance |
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