How are my Insurance premiums calculated?
The amount of insurance premiums charged is based on a calculation of risk factors carried out by the insurance underwriter. The greater the risk, the higher the premium you will pay. Insurance companies assess the level of risk involved in the daily operation of your business and any factors that may influence your premium. For example, the size of your business, the industry it operates in, the type of work you do, if you have claimed previously and the cover you require.
At BCR Associates, our expert insurance providers will shop around for you and advise on how you can reduce you premium, ensuring you receive the correct policy at the best price.
If you have a specific question which isn’t available on our FAQs, please get in touch via our contact page.