Tony Ham Insurance Brokers Limited

"New business
brings new risks"

INSURANCE CONSULTANCY

What is the purpose of Insurance Consultancy?
Effective risk management and a good insurance broker will provide for the day-to-day needs of a company during its normal operations. But there are times when a company steps beyond its normal business pattern and enters an entirely new risk environment. We can guide you through this process.

What are these occasions?
If the nature of a company’s business changes then its risk profile also changes. New business brings new risks, particularly if it is one of the examples listed below. In such cases the basis for the company’s insurance may be changed, current policies can be invalidated and a new insurance package needs to be negotiated.

Examples include:

MBOs, mergers, de-mergers, acquisitions or other corporate restructuring.
Joint ventures
New ventures or projects in other countries
Import/Export contracts
Major projects where the contract includes performance criteria
PFI/PPP projects.

What role does the insurance consultant play?
The insurance consultant works with the client to:

Assess the current insurances, evaluate their suitability in the new situation and clarify which of the new risks are not covered by current insurances.
Identify the company's new business profile.
Determine which risks the company will accept and which risks require insurance.
Develop a presentation to the insurance underwriters and approach the brokers best placed to negotiate optimum terms.

Risk can arise on account of operational, financial, political, environmental and other aspects of business. Our expertise lies in putting these issues into a format from which the clients management achieve an agreed package of insurances through planned placements in the insurance market.

Why THIBL?
Advice of this kind demands experience. THIBL has it. Since the companies inception in 1987 the majority of our business has come via recommendation and for example, we have been retained to advise the Highways Agency on PFI/DBFO road construction projects since 1994.

If you would like to know more then we will be pleased to outline previous assignments and to provide personal references.

Please contact insurance@thibl.co.uk if you have any specific needs.

To enable us to assist you in providing a bond we will initally need some financial information, wording required and a contract summary.




"New business brings new risks"	INSURANCE CONSULTANCY What is the purpose of Insurance Consultancy? Effective risk management and a good insurance broker will provide for the day-to-day needs of a company during its normal operations. But there are times when a company steps beyond its normal business pattern and enters an entirely new risk environment. We can guide you through this process. What are these occasions? If the nature of a company’s business changes then its risk profile also changes. New business brings new risks, particularly if it is one of the examples listed below. In such cases the basis for the company’s insurance may be changed, current policies can be invalidated and a new insurance package needs to be negotiated. Examples include: MBOs, mergers, de-mergers, acquisitions or other corporate restructuring. Joint ventures New ventures or projects in other countries Import/Export contracts Major projects where the contract includes performance criteria PFI/PPP projects. What role does the insurance consultant play? The insurance consultant works with the client to: Assess the current insurances, evaluate their suitability in the new situation and clarify which of the new risks are not covered by current insurances. Identify the company's new business profile. Determine which risks the company will accept and which risks require insurance. Develop a presentation to the insurance underwriters and approach the brokers best placed to negotiate optimum terms. Risk can arise on account of operational, financial, political, environmental and other aspects of business. Our expertise lies in putting these issues into a format from which the clients management achieve an agreed package of insurances through planned placements in the insurance market. Why THIBL? Advice of this kind demands experience. THIBL has it. Since the companies inception in 1987 the majority of our business has come via recommendation and for example, we have been retained to advise the Highways Agency on PFI/DBFO road construction projects since 1994. If you would like to know more then we will be pleased to outline previous assignments and to provide personal references. Please contact insurance@thibl.co.uk if you have any specific needs. To enable us to assist you in providing a bond we will initally need some financial information, wording required and a contract summary.


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