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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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    "Awesome service"
    J Jackson | Trade Insurance - Renewal | Sydney
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    "easy to use, no hassle good straight forward pricing"
    | Trade Insurance - Renewal |
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    "We've been using Trade Risk for a few years now. Communication has always been excellent and prices have been good also."
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    "All done with no fuss & good price. Thank you."
    Bruce Rigby | Trade Insurance - Renewal |
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    "Trade Risk understands your needs and is very friendly and easy to deal with. Their customer service is excellent!!"
    Frederick Luhn Schonefeld | Trade Insurance - Renewal |
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    "easy to work with, all ways happy to help"
    The Trustee for G Dervisholli Family Trust | Trade Insurance - Renewal |
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    "Great communication and service!"
    | Trade Insurance - Renewal |
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    "Cannot fault these guys. They look after our business insurance and vehicle. They save us money as well as time and hassle. I don't bother shopping around each year as I know they'll look after us."
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    "Very easy to talk with"
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    "Was helped by Jeremy, very helpful and excellent customer service."
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    "Good and easy to use"
    Daniel Toohey | Tradesman Insurance |
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    "Very quick and efficient service Thank you"
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    "I paid on 07.09.21 & have not received any confirmation,my old policy ran out on 17.09.21 & I still do not know if I am insured I have no certificate of currency. This evening I have emailed your rep. I am very disappointed & concerned that I am not covered."
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    "Considering Covid and made less money through the was surprised to see rise in premium have been using trade risk for a few years now next year might look around at other options"
    | Trade Insurance - Renewal |
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    "the staff were very helpful and response was very quick I would recommend trade risk to others very friendly staff"
    Darren Titford | Tradesman Insurance |
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    "Jennifer was very timely and efficient"
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    "great service"
    The Trustee For Cousins Family Trust | Trade Insurance - Renewal |
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    "We have used Traderisk for our insurances for 6 years now they are always good to deal with."
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