Risk Assessment

Risk assessment is a critical part of risk minimisation and our client service program. Depending on the client, we determine whether or not this is handled in-house or requires external assistance either in consultation with our underwriting partners or our external service providers.

Either way our processes leave you in an informed position allowing you to make informed decisions.
 

Policy (Cover) Assessment

All too often insurance protection is bought on surface detail (price, sum insured and excesses). The policy wording containing the terms, conditions and exclusions is the defining document that dictates how your policy will respond.

Perrymans are regularly consulted prior to engagement to work with potential clients to determine just what cover they have and how it will react and respond. The outcomes often expose significant risks with devastating implications.

We invite you to contact us and we will review your wording.
 

Product Design

Insurance companies develop standard wordings for standard businesses. But as we know, no two businesses are alike and each needs to be assessed carefully and then cover should be developed to suit.

That is where Perrymans come to the fore. Through our risk assessment and client review processes we develop and script covers for business and corporate clients to suit their needs. Over the years Perrymans has worked with underwriting partners to develop innovative covers responding to complex insurance requirements of global companies.

Much like the engineer designs a bridge to carry a certain amount of weight and withstand certain forces, we design your insurance cover to respond to your exposures.
 

Group / Association Insurance Facility Development (Associations, Franchises and Buying Groups)

For more than 30 years, Perrymans have been successfully developing, implementing and managing group insurance facilities for the benefit of associations, buying groups and franchises.

Talk to us today to see how we can deliver a competitive advantage for your group.
 

Insurance Broking & Risk Marketing

Our Insurance Broking and Marketing is undertaken in a structured manner based on the cover requirements and in consultation with our clients, through a visible process enabling an informed decision. Our clients understand the value of our approach.

With access to an extensive range of underwriting markets, ranging from local Australian-based insurers through to London markets via our direct relationship with London based Lloyds Brokers, we are able to drive competition not only from a price point but importantly a cover point.

Our markets hold us in high regard for our professionalism and honesty and respect us for the integrity that we stand for and represent. We always put the interests of our clients first and foremost.
 

Contract Review Services

Do you sign contracts in the delivery of your goods or services?

Contracts are an everyday part of business life. They serve as the mechanism by which your client can take action against you in the event they feel aggrieved. Not surprisingly the contracts are often weighted in favour of your client and place increased and often unreasonable liabilities upon you.

Clients often believe that as they have insurance cover, they are covered for any contractual liability they may enter into. This assumption is not correct.

It is therefore imperative that, before entering into any contract, you obtain the appropriate legal and insurance advice in order that you may understand the exposure and negotiate any amendments to either the contract and/or your insurance protection.

Perrymans, in association with Bastiaan Sparreboom Legal Services, now offer an extended contract review service that combines both legal and insurance advice and includes:

  • Reviews of your contracts in conjunction with your insurance policies placed through Perrymans
  • Advice on contract conditions, together with recommended amendments to both the contract and/or insurance covers
  • Provision of a single referenced risk management document, which identifies problematic clauses requiring attention for use in your negotiations with your client.

Bastiaan Sparreboom is a former partner of Phillips Fox and Fox Tucker. He has practised insurance law for more than 30 years, acting for both insurers and insureds. In 2012 and 2013 he was voted as one of Australia’s best lawyers in the field of insurance. His industry expertise focuses within the construction and professional services sectors.

Clients can either elect to opt for a set amount of reviews per annum or can access this service on a ‘contract by contract’ basis.

We believe this to be an invaluable cost effective risk management tool for our clients.

Client Staff Education

Over the years Perrymans has worked alongside our clients’ staff, educating them in the mechanics of various insurance covers, risk mitigation and how their actions could impact the business. Talk to us about how we can assist you in reducing your risk through simple staff education processes.
 

Premium Funding

Perrymans have access to a range of Premium Funding providers enabling you to spread your insurance costs and better manage your cash-flow. In much the same way as we market your insurance program we research and present options for your consideration. Premium funding provides significant benefits including:

  • Freeing up of capital in your business for utilisation of commercial opportunities
  • No security costs and no security requirements. The policies themselves act as the security
  • Cost effective, competitive rates

We have a range of timing options from 6 months to 10 months.
 

Life & Financial Planning Referral Services

Whilst Perrymans do not directly undertake any of the above services, we do have recommended advisors in each category that share our philosophy and we are happy to refer you to them.
 

Claims Management & Advice

At Perrymans we see claims management and advice as one of the most important aspects of our service.

Whilst many of our competitors opt to pass this aspect to the insurers to handle, we work with you, the adjusters, legal counsel, insurers and advisors to achieve the right outcome.

Whether it is a professional liability matter or burglary we know the sooner we resolve your claim, the sooner you can get back to business.

The Perrymans system for managing your claims is to:

  • ensure that you are provided with the most efficient and cost-effective claims handling procedures
  • be proactive in managing the process to ensure that all claims are handled in accordance with the priority agreed with you
  • provide all relevant information to keep you up to date on claims progress
  • ensure settlements are in accordance with specification and maximise your claim entitlement
  • explain insurer rationale in the setting of claim estimates and settlements
  • vigorously pursue every possible avenue of recovery
  • not perform as a post office

The bottom line is that Perrymans will deliver a claims management process specifically tailored to your business and your insurance program.