Insurance Recommendation

[Alext333]

Hi All, We are UK based small (Pharma Consultancy) business. We trade a lot in the USA, can anyone recommend a good insurance company for this remit?

Thanks

Alex

 

[Ozzy]

This is something that @Frank the Insurance guy may be able to help with. We, with Smart Business, cannot help when trade involves working in the USA.

 

[Frank the Insurance guy]

Hi @Alext333 ,

Do you currently have insurance in place?

Any sales to USA will mean an increase in premium, this could be substantial - you will need to consider that there is enough profit in the USA work to justify insurance (I know some companies have closed off to USA sales as they would be running at a loss once insurance premiums were taken into account!).

You say you are a "Pharma Consultancy" business - does this mean you are a "service business" or are you also providing products?

Best is to speak to an Independent Insurance Broker - they should be able to spend time understanding your business and insurance needs. They should have access to specialist insurers/providers for pharma businesses and are in the best position to provide advice on your specific circumstances.

Feel free to get in touch if you would like to have a chat (contact details below).

 

[Alext333]

Cheers will give you a call maybe next week.

 

[Alext333]

Hi Frank what infor do you need for the call? Full turnover and percentage of USA? Anything else? Cheers

 

[Frank the Insurance guy]

Hi Frank what infor do you need for the call? Full turnover and percentage of USA? Anything else? Cheers

I need lots of info!

Any broker will need to get a full understand of your business, your products, controls etc as well as the turnover (split between UK, Europe, USA/Canada, and elsewhere).

Too much info to put a list on here, and the level/detail of any information will vary from one business to another!