Insurance scheme benefits member clubs
14 September 2017
Members of the Clubs Share Insurance Services scheme will be largely shielded from premium increases thanks to the collective buying power of the group, says Area Manager Stuart Speirs.
“Premiums have gone up 10% on average for commercial insurance clients and it’s likely there’ll be further increases in the next 12-18 months, but we’ve been able to minimise the impact for our member Clubs,” Stuart said.
“Because of the number of Clubs placing insurance through the scheme, we can negotiate more favourable policy wordings with insurers and a sharper price.”
Insurers across the board have signalled premium price increases will continue in the short term, which could mean significant premium increases for those Clubs outside the Clubs Share Insurance Services scheme.
Stuart says the key message is if you’re a member of the scheme, you’re getting a direct benefit for your Club.
“By placing your insurance with us, you’re getting the best, customised cover and very competitive rates. If you’re not a member, now’s the time to talk with us about getting a quote and bringing your insurance across.”
The scheme’s underwriter, Russell Power, says Clubs Share Insurance Services is currently negotiating additional policy enhancements, which will mean even better cover for member Clubs.
“We hope to confirm the new policy features and benefits for Clubs in the next two weeks, so watch this space.”