The insurers launched a kind of manifesto that underlines the importance of having insurances in times of financial crisis. The recession only gets stronger and so we have to be prepared for the worst case scenario! You can never underestimate anything.
The BIBA, the British Insurers Brokers Association, says that every company which is cutting costs, will also stop investing in insurances, because those are very expensive investments. Especially small companies do this, because they think they don’t need some insurances because their company is small and they have less risks. But when they don’t pay their insurances anymore, they will lose a lot of capital when they are hit by fire of flood. I think if people stop paying their insurances they are taking a very big risk. An accident never comes alone! You always have to be aware and some things in life, humans can’t control, like hurricanes or floods.
The British government thinks that 20% of all businesses are suffering from disruption and 80% of companies hit by a major accidents has to shut their place down within 18 months! This is a very good example why everyone should keep their insurances, because no one can predict the future.
With the financial crisis in the world, people are always looking to the price if they want to buy or hire something. They do the same with insurances. They often only look at the cheapest options, but they forget that those options don’t cover much. Only the basic things are included. I think that everyone should consult his or her broker and ask for advice, because insurances are so important. They are expensive, but when something happens to you, the medical costs will be covered.
There is only one right conclusion here: an insurance can make the difference between success or failure of you company. Everyone must keep this in mind and take wise decisions.
Nathalie COUDEVILLE
Source:
http://findarticles.com/p/articles/mi_6784/is_2009_Jan_19/ai_n31201244?tag=content;col1
http://findarticles.com/p/articles/mi_6784/is_2009_Jan_19/ai_n31201244?tag=content;col1
Deze reactie is verwijderd door de auteur.
BeantwoordenVerwijderenThere are several categories of insurances, the one more important than the other. Because of the enormous assortment people often are confused about which insurances they should definitely take and which insurances are less important. I think this is the main job of the insurer to make this clarifying to the potential clients. The insurer should protect his customers and give them correct advice and not only thinking about the commission he can receive.
BeantwoordenVerwijderenWhen an enterprise decided to drop some of their insurances, it is the worst decision the business could make because there can always be a natural disaster, a fire in the company… Without the suitable insurance, the enterprise can go bankrupt and this can cause a lot of problems for the employees in these days of financial crisis.
In my opinion, the organizations should try to find other solutions for cutting cost because they are playing with so many futures.
Sofie De Cooman