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#136090 - 03/09/03 04:01 PM Public Liability Insurance
lyledunn Offline
Member
Registered: 06/30/02
Posts: 159
Loc: N.Ireland
My insurance has just taken a 500%+ increase on last year.
In N.Ireland there appears to be only one insurance company operating PLI.Appears other companies are pulling out of the market. This will seriously affect my business.
Is insurance expensive elsewhere?
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lyle dunn
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#136091 - 03/15/03 09:10 PM Re: Public Liability Insurance
Trumpy Offline


Member
Registered: 07/05/02
Posts: 8211
Loc: SI,New Zealand
Lyle,
The Insurance game over here in NZ, is one of deception and a lot of people creaming the top off of the milk.
Being a Fire-Fighter, I am very dubious of any moves by the Insurance companies, to do anything, after all, If it wasn't for the Insurance companies, the Great Fire of London, would never have happened.
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#136092 - 03/21/03 07:27 PM Re: Public Liability Insurance
Trumpy Offline


Member
Registered: 07/05/02
Posts: 8211
Loc: SI,New Zealand
Lyle,
Sorry about that aside in my last reply to you, but I think personally, with a lot of Insurance Companies being swallowed up by big Multi-National companies, they can more or less set thier own terms and conditions of them insuring you, if they choose to.
This privilege also means, that they also set a Premium that suits THEM, not the end user.
Sooner or later, there will be little competition in Insurance and I reckon that there will be 2 or 3 very large companies, controlling the world of Insurance.
But Lyle 500%, is a little difficult to justify, however, it's like daylight robbery, because PLI, is something you must have.
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