As an independent expert in international insurance, Newcity is ideally placed to help you to assess the value of your existing insurance programme.
When we audit clients’ insurances, we often find companies are inadvertently paying for benefits that are simply not required. Similarly, we find some employees do not have the benefits they would need to call on, should things go wrong. We quite regularly manage to improve the level of benefits and reduce premiums, without changing providers.
We also help companies tendering for any contract, local and regional. We can audit your existing cover to ensure you meet contractual requirements for cover like Contractors All Risk, Public Liability, Employers Liability and other specialist or local stipulations.
What does a free audit involve?
Our fully confidential, no obligation audit will look at your current arrangements with any of the insurance companies across most types of cover, including group medical, life, personal accident, disability and dismemberment insurance, international liability insurance, group income protection insurance and other specialist insurances for people, assets or liabilities in high-risk industries or high-risk locations.
Our audit will typically look at:
- Scrutinising existing cover and invoices to ensure you are not being overcharged (it’s amazing how many charges are incorrect)
- Benchmarking benefit levels and premiums with other providers
- Making recommendations based on experience
Improving your insurance cover
Our recommendations might include renegotiating better value with existing providers or switching from a community-rated to an experience-rated scheme. We might find that a bespoke policy can enhance your benefits and reduce costs.