Small print… can mean… big problems…
Delta Corporate Risk partner with several of the country’s largest commercial claims adjustors and claims organisations. They provide us with insight and feedback on claims issues, discuss those Insurers who appear to be most stringent in dealing with claims and the current problems that clients face when confronted with large and complex losses.
When reviewing prospective clients' insurance programmes Delta Corporate Risk witness on a continual basis poorly arranged cover, policyholders unaware of policy conditions and businesses breaching policy warranties.
All of the above provides Insurers with the opportunity to refuse payment in the event of a claim.
In fact around 50% of all commercial claims are now being disputed due to the “small print” a fact which does not appear to be discussed with many policyholders and their broker.
“You are on your own…”
Not something you want to hear at the time when you most need the security of an insurance policy.
In our experience only a small percentage of brokers undertake a face to face policy wording review with their clients.
Unfortunately this is a commercial reality for many businesses and without professional guidance it is too easy to fall foul of your insurance obligations with your business suddenly losing the protection your policy should afford.
“Joined up thinking…”
In addition to scrutiny of policy cover Delta Corporate Risk implement various measures to ensure all personnel in your organisation are aware of their obligations in relation to the company insurance programme. Our account executives will discuss this further on site together with our additional benefits programme.
Delta Corporate Risk have a wealth of knowledge in reviewing arranging and implementing the correct insurance portfolio for clients. Our aim is to deliver a cost effective solution addressing exposures to risk with a client who fully understands the scope and cover our solution provides. Our proposition is geared towards a competitive premium solution with the sole aim of your claim being paid if and when your business sustains a loss. We continue to successfully negotiate multi-million pound settlements for our policyholders to ensure they are back in business at the earliest opportunity.
We appointed Delta Corporate over our previous broker on the basis of significant cost reductions and attention to detail on our global cover requirements…– Specialist manufacturing, Midlands, £19m turnover
We have a large established commercial property business and we have trusted our assets with Delta since 2001. When the worst happened and a fire occurred at one of our units occupied by a plastics tenant, Delta's claims support recommendation was invaluable to reach a satisfactory financial settlement…– Industrial property developer, Midlands and North West, £25m property value
Since dealing with Delta, we have found the insurance process very smooth. As well as premium savings there have been improvements in cover, which we have found to be of benefit.– Flooring distribution, North West, £30m turnover
We have a close working relationship with Delta. The in depth knowledge of Delta's staff, reassures us that they fully understand our business, which is essential given the complex nature of our operations. This allows us to focus on our business safe in the knowledge that the right cover is in place.– Specialist construction, London, £18m turnover
We were recommended to Delta Corporate via our financial adviser after a poor experience with claims handling procedures by our previous broker. We initially saved some 20% in costs despite increasing values under our policy and Delta’s subsequent claims handling has been a breath of fresh air…– Tool hire business, Sheffield, £4m turnover
We operate in a high risk construction environment and have had an unfortunate spate of liability claims. Notwithstanding this Delta Corporate have maintained our premiums at a very competitive level and have provided ongoing and valuable Health and Safety advice to minimise any risk.– Concrete structure specialist, Midlands, £3m turnover
During the last 15 years we have built a personal and reliable relationship with Delta Corporate Risk and trust them implicitly with the advice they provide. Their staff are responsive to a variety of issues and are always happy to assist.– General construction and home building, Midlands, £8m turnover
Delta Corporate have been our broker for eight years after identifying discrepancies in our previous arrangements. At our 10th anniversary we presented them with our Company Partnership Award…– Oil importer, Midlands, £25m turnover
Our financial advisors recommended Delta Corporate Risk to conduct an audit on our general insurances. At the time we were insured with a leading national broker, who had gained our trust over a number of years. Whilst cover had been arranged correctly, the Account Executive advised the premiums appeared excessive. Delta were immediately appointed having obtained a saving of over 40%…– Munitions company, North East, £2m turnover
We were approached by a respected broker, who offered to review our insurance portfolio. The broker tabled a significantly lower premium on our Liability Insurance, which initially made me question Delta's Account Manager. However, upon investigation, it was discovered the competing broker had failed to include a cover extension, included within the terms offered by Delta; and hadn't noticed we had made a claim in the previous year under the same extension. The other broker's proposal was dismissed and we renewed with Delta…– Mechanical and electrical contractor, Midlands, £10m turnover
We were unfortunate to have a large fire loss but Delta were exceptional in providing on site immediate advice and support. Their negotiations with insurers and suppliers enabled us to continue operations and return to full capacity within a very short time period.– Plastics group, Midlands and South, £12m turnover
We have been a long standing client of Delta Corporate and operate a business that Insurers consider “high hazard”. Over the years we have invited other brokers to come in and review our insurances all of whom promise everything but are unable to compete – added to which none of the other brokers have offered the same degree of detail in their reviews…– Pallet manufacturer, Midlands, £5m turnover
List of Services
Manufacturers are as varied as the products they supply. As such the requirement to employ a competent broker to identify specific risk factors particular to different industries is imperative. Our staff have both insurance underwriting and commercial surveying experience as well as many years placing insurance cover for a variety of trades and industries.See more
Commercial Motor Insurance
We all need it. Delta Corporate Risk place business in the UK fleet market on a daily basis. We are here to negotiate the most competitive price based on your requirements and at the same time identify and match the most suitable Insurer based on the knowledge we hold on each of our clients. We can add value to your business motor insurance by our relationships with underwriters and our in depth review of your covers.See more
Professional Risks Insurance
A profession is a vocation founded upon specialised educational training, the purpose of which is to supply objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain… We all rely on professionals at many points of our lives and rely on them to be experts and to know what to do when we need them to.See more
Wholesale & Distribution Insurance
Warehousing - what could possibly go wrong? The contents of warehouse and distribution centres are valuable assets and our professional account executives will assist in arrangement of cover in conjunction with risk mitigation and risk assessment procedures.See more
Private Client Insurance
Enough of the impersonal and automated. Using a panel of high net worth insurers with a proven track record in the mid to high net worth market we are able to offer cover worldwide for one home or multiple homes offering you suitable protection for complete peace of mind. We also offer cover on a wide range of personal vehicles from collections to classics, to modern performance and luxury high value vehicles.See more
Be confident that your construction project is protected. We understand the risks that construction firms face on a daily basis – site accidents, weather damage to expensive equipment and site thefts.See more
An investment you work to protect. We have an extensive knowledge of the requirements of all types of property owners and experienced advisers who can assist. We have our own exclusive property owners facility which has been operating since 2008 as well as access to over thirty property owners markets to ensure full protection for your properties. Our approach is a flexible one and with prior notice policies can be fully transferable between tenant types.See more
Legal Sector Insurance
Bespoke cover for the legal sector. We have several policies for solicitors and the legal sector either exclusive schemes or agreed facilities. These include a comprehensive scheme for unoccupied property in probate, a bespoke office insurance package and a high net worth product for legal professionals.See more