This is a selection of the best quotations about business insurance that have been found on the web. Many have been submitted by you, the good people of the internet and if you have any more great anecdotes or quotations, please send them to us through the form at the bottom of this page.
A little insight into the faint possibilities and quaint behaviours in the supposedly trustworthy world of insuring your business.
Some of the anecdotes have come directly from the court reports from business claims on the insurance. Not all of them are genuine but hopefully are still pertinent. We hope they give visibility to angles that might not generally be overtly expressed when business insurance is discussed. Sometimes an apt quotation can trigger just a bit of recognition in a buyer and make them act just that little bit more wisely in a negotiation, and similarly the other way round, it might just remind an agent that bad eggs do exist and they should cover themselves for sometimes even the strangets eventualities. The random events may not be as infrequent as they think, the anecdotes can act as a trigger to just spend a few moments doing a little more historical research.
It seems that when a company takes out a business insurance policy; at the time of purchase the company seems assured that everything they can think of is covered. And they persuade themselves that if there is an area for which they are not covered for some sort of damage for some sort of reason, then they hope they have foreseen that possibility and purposefully discounted it.
On wonders why, therefore that when it comes time to claim business insurance after a disaster, it is often not so simple. Often there are more hoops to jump through, extra levels of proof, investigations as to fault and blame, and much time and effort needed before a claim can be settled.
If only the insurance company would just pay up and be done with it. That’s what the business paid for in the first place, right?
Well, these quotations, some drawn from actual legal reports, show just why they won’t pay out on just any claim. So many people have tried it on. Tried to claim when they just weren’t eligible to. Some of these anecdotes show just how ineligible they really were. Sometimes just plain fraudulent.
We hope that most of these quotations aren’t genuine. We hope they’re fake news! So often they are about claimants unjustly claiming against an insurance company, either by exaggeration, slight adjustments to the truth or sometimes plain, outright and blatant dishonesty and fraud. We hope that these stories aren’t real, so that the trust can land back in the hands of the buyer and future business insurance can become cheaper for all of us. So that the insurance adjusters no longer need to spend so much time (and our money) working out whether the claimant is lying, and more time sorting out how to pay out quickly and fairly.