UKTC Archive

Re: one-off insurance?

Subject: Re: one-off insurance?
From: Scott Cullen
Date: Sep 02 2006 10:51:08
Understand that there are various motivations going on in insurance.  While 
on it's face the idea is charge X in premiums, deduct claims paid and 
overghead and hope for a profit.  It is more complex.  In periods of high 
interest rates insurors will write every policy they can to get the premium 
income to invest at high interst rates.  A whole separate profit center. And 
in a low interest rate environment (the last several years at least) the get 
very picky.  And a small, one off policy has very high overhead in paperwork, 
broker commissions, record keeping, etc.  That erodes profit even if the risk 
exposure per hour worked is no different from the full time contractor.

So assuming there was a market for such policies it would be logical to 
expect a higher rate (per job, hours worked, whatever metric you use) and 
perhaps a substantial minimum premium to cover all overhead.

SC

  ----- Original Message ----- 
  From: benfuest 
  To: UK Tree Care 
  Sent: Friday, September 01, 2006 8:23 PM
  Subject: Re: one-off insurance?


  Andrew
  I could not agree more. But the red tape and the hoops are well and truly 
in 
  place now.
  Ben
  ----- Original Message ----- 
  From: <TreeSpecialists@xxxx.com>
  To: "UK Tree Care" <uktc@xxxxxx.tree-care.info>
  Sent: Friday, September 01, 2006 9:12 PM
  Subject: Re: one-off insurance?


  >
  > Just imagine.....there are thousands of qualified and well experienced 
  > arbs
  > out there who work every week for reputable tree care firms. The 
  > opportunity
  > does arise to do the occasional private job, to boost the kids college
  > fund...or  just to pay the rent this month.
  >
  > one off insurance would fit the bill very nicely...
  > The temptation to "join the pikey brigade" is more likely when one off
  > insurance is not available.
  >
  > So the question remains....does anyone do one-off insurance or are we all
  > condemned to the choose between poverty or pikeyhood.
  >
  > Andrew
  >
  >
  > In a message dated 01/09/2006 09:37:59 GMT Daylight Time,
  > rej.davidson@xxxxxxx.net writes:
  >
  > Jim,  imagine............... a mature Arb student, who has completed the
  > relevant  CS units and is competent and fairly experienced, but cannot yet
  > afford a  rolling insurance premium when all he is doing is trying to 
earn 
  > an
  > extra  bit of cash to get him through college. All he wants to do is 
  > provide
  > whatever practical service he can (i.e fell the odd dead tree),  safely 
  > and
  > backed by an insurance policy for the job. Consultancy is not an  issue 
  > until
  > he is professionally qualified. Quite rightly and quite  responsibly he is
  > not prepared to join the 'Pikey' brigade.
  > I'll let him  know your view though.
  > regards
  > rd
  >
  >
  >
  >
  >
  >
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  >
  > 


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To unsubscribe send mailto:uktc-unsubscribe@xxxxxx.tree-care.info

The UKTC is supported by The Arbor Centre
http://www.arborcentre.co.uk/