rouge traders

[Paul Jenks]

You beat me to it with the rouge traders. I guess they apply a little make-up before being filmed.

As for insurance. A person or company should be paying somewhere in the region of 1-2% of turnover. If you're paying less, I'd suggest you aren't completely covered. If you're paying more it's time to assess your broker.(This is for PL,EP and PI not vehicle or fleet.)

 

As for muppets influencing the market, you only have to look at the HSE statistics to see the majority of reported incidents apply to untrained and unaware individuals. The shame of it is that often it is written that they were engaged in tree surgery. Usually for no other reason than they were using a chainsaw and a tree was involved. Insurers look at these statistics to assess risk. It's not ideal.

[treequip]

treequip, The Libility insurance for the Tree Industry is State owned or Private firms underwriting policies?. If the Insurance available is State owned and run than that is a different matter if the Insurance is owned and run by private companies those private companies have to pay out a lot of claims for accidents, which the stock holders really don't like!. At least that is the way it works over here in the States.

easy-lift guy

 

Tree work insurance (public liability) in the UK is free market

 

If you hire a contractor and he makes a cods of it your redress is to sue him to recover your losses. If he has insurance cover he can make a claim but only the policy holder can claim.

 

As I said these fly by nights hardly have insurance for their vehicles let alone public liability

[Pete Hart]

Blood boiling...... I must refrain from reading posts i know are going to wind me up!!

[easy-lift guy]

You beat me to it with the rouge traders. I guess they apply a little make-up before being filmed.

As for insurance. A person or company should be paying somewhere in the region of 1-2% of turnover. If you're paying less, I'd suggest you aren't completely covered. If you're paying more it's time to assess your broker.(This is for PL,EP and PI not vehicle or fleet.)

 

As for muppets influencing the market, you only have to look at the HSE statistics to see the majority of reported incidents apply to untrained and unaware individuals. The shame of it is that often it is written that they were engaged in tree surgery. Usually for no other reason than they were using a chainsaw and a tree was involved. Insurers look at these statistics to assess risk. It's not ideal.

I believe you are correct Paul and kinda of made my point. It is also an economy to scale considering the size and market of our Two countries!

easy-lift guy

[treequip]

 

As for muppets influencing the market, you only have to look at the HSE statistics to see the majority of reported incidents apply to untrained and unaware individuals. The shame of it is that often it is written that they were engaged in tree surgery. Usually for no other reason than they were using a chainsaw and a tree was involved. Insurers look at these statistics to assess risk. It's not ideal.

 

That dosent make any sense.....

 

 

So if the statistics reflect the fact that the majotity of accidents are casued to the untrained and unaware, and the insurers look at thses figures, why dont they just ask for proof of compitencies to stream out the bad risk?

[Paul Jenks]

Insurance is a numbers game. Same as as the stock market. Same as banking. Anyone working in these arena uses statistics to work out probabilities of a return on investment, fiscal or risk. Given the niche market, (albeit growing), we are in, most insurers use the available statistics to calculate their ROI, or yield.

Typically the 'proof of competency' card is only played when it's time to pay out and the insurers are looking for a reason not to pay.

[treequip]

Insurance is a numbers game. Same as as the stock market. Same as banking. Anyone working in these arena uses statistics to work out probabilities of a return on investment, fiscal or risk. Given the niche market, (albeit growing), we are in, most insurers use the available statistics to calculate their ROI, or yield.

Typically the 'proof of competency' card is only played when it's time to pay out and the insurers are looking for a reason not to pay.

 

Once again that doesn’t ring true

Insurance is a numbers game alright but an insurance policy is also a legally binding contract.

They can’t use proof of competence to negate a claim unless they specified proof of competence as a condition of insurance.

 

Herberts like the man in the vid won’t have competencies any more than an insurance policy

[skyhuck]

Once again that doesn’t ring true

Insurance is a numbers game alright but an insurance policy is also a legally binding contract.

They can’t use proof of competence to negate a claim unless they specified proof of competence as a condition of insurance.

 

 

[Paul Jenks]

The point I endeavoured to convey caused by my linguistic inadequacies and lack of elucidation has led to a mis-interpretation.

The insurance policy I have is a meaty tome running to 50+ pages of legalese. I've read it, my broker has read it and my managers have read it and I bet there are still some bits of it that give the insurers some wriggle room, proof of competency notwithstanding.

Any broker will tell you insurers spend a lot of time looking for reasons not to pay.

I defer to your greater knowledge of the insurance market and contract law and my point still remains.

[treequip]

The point I endeavoured to convey caused by my linguistic inadequacies and lack of elucidation has led to a mis-interpretation.

The insurance policy I have is a meaty tome running to 50+ pages of legalese. I've read it, my broker has read it and my managers have read it and I bet there are still some bits of it that give the insurers some wriggle room, proof of competency notwithstanding.

Any broker will tell you insurers spend a lot of time looking for reasons not to pay.

I defer to your greater knowledge of the insurance market and contract law and my point still remains.

 

I am sure it does but I don’t know what it was.

 

My point was that clowns like the one in the vid don’t have any effect on the insurance industry, they aren’t insured, they don’t make claims and they aren’t likely to report anything under riddor.