Insurance

[smanty]

I have a company that is doing really well at the moment but like everyone, we would like to branch out.

We offer all property work such as emergency repairs, plumbing, electrics, bulding work, bathrooms kitchen, (really an all round service)

We would like to obtain insurance work but I cant seem to find any information on website etc?

I would like to go into the market where we offer a one stop service dealing with claims and processing them to our employees and some sub contractors in order to do the job at cut prices hence to help insurance to save money but to help our workforce too.

Where should we start?

Thank you

 

[Beachcomber]

Sounds daft but all you need to do is call the insurance companies main line switchboard and ask! They will point you in the right direction.

Don't forget to do the same with property management companies.

 

[lockyer]

there are a number of companies doing this at the minute. to get their interest you would:

1. have to be able to offer a fast response nationwide service
2. be able to do a complete scope of works document, along with the quotes.

If you want a chat feel free to get in touch.

one company who do this and are looking for subbies at the minute are the Prism Network.

 

[smanty]

Hi thanks for your reply

I assume that each insurance look for per area like I m from the Tyne and Wear area but can do the whole of the north east?

 

[lockyer]

generally they don't arrange the contractors, its usually the loss adjusters, who are independent of the insurers usually.

They normally don't get involved in the contractor appointment as it adds another layer of admin for them, and another layer of complication i.e them getting it in the neck when the work is bad.

Recently there have been a couple of companies doing what you are suggesting, contracting networks, but they differ from your idea in that:

1. they are national
2. They get involved on all levels i.e via brokers, as they are usually the first to get the call from the client, via loss adjusters, these are the guys controlling the claim, local marketing so the client rings you.

I don't honestly think it will work on a local level, but I have a few ideas for you. give me a bell in few days (first day back tomorrow will be mental) and I'll have a chat and hopefully help you refine it a bit.

Jon

01924 895568

 

[PERCY67]

Hi,

I was involved in the industry for over 7 years, scoping required work, but not as a builder

For many builders insurance work was the goose that laid the golden egg. However they pushed and pushed on what was required, believe me fraud was rife, certainly during the floods of 2007, they seriously milked it, and they got caught.

Insurance companies used google earth to review house sizes and the amount of work undertaken

Many went bust, and such as Homeserve pulled out, after spending millions buying up businesses that did the work.

Now things are very different. If a ceiling is damaged by water, then the repair will be stain block, two coats of emulsion. No more painting the whole room, and no more quoting at your prices. It's insurance prices and they are poor.

My advice would be stay away from the low ball joe public work, and just sell to High Net Worth loss adjusters

 

[GBoffices]

My brother is a plaster and uses insurance work to fill gaps in between private clients. He doesn't get paid as much doing insurance work but there's no marketing to do either. One down side was that he had to set up a limited company which does add a little to the admin side, but overall, it works for him. He's really good at his job and a nice guy makin him easy and reliable to work with. Insurance companies want it easy too.