Pacific Insurance Brokers

Services

Goals and Objectives

The basic value proposition of a broker is to advise the client and place the business with the most competitive insurer. This will always be a subjective judgement but we consider factors which include:

Financial security
Coverage
Pricing
Claims handling
Technical competence
Reputation of the insurer.

Scope of work

Companies, organisations or individuals may become liable for bodily injury or death or damage to property caused by their acts or omissions. The liability may arise out of negligence, statute or contract.
We will help you to buy the appropriate insurance products by:

Preparing bid specifications and solicit proposals from the insurance market and offer recommendation.
Evaluating bids and bidders, including administration, coverage, claim payment procedures, customer service, networks, reserve establishment policies and financial solvency.
Placing the insurance with the appropriate insurer.
Negotiating policy terms and cost with the insurance providers.
Reviewing and analysing claims experience, process and negotiate for claims settlement on behalf our clients.
Collecting and delivery of premiums and claim cheques timely.
Assessing current and future needs of our clients.
Assist with the implementation and communication of new insurance programs or changes to existing insurance programs.
Recommend innovative ideas and new programs and services to ensure a competitive, valued and cost-effective insurance programs.
With a team of experts with experience in insurance, finance and Accounting etc, we assess the insurers in terms of their financial solvency and for that matter their ability to pay claims.
Recommend innovative ideas and new products, programs and services to ensure a competitive, valued and cost-effective insurance programmes.
The team is well abreast with trends in the industry regulatory requirements, market trends and international best practices in the insurance industry. We are committed to updating our clients of any new development.

Assessment of Physical Environment

The physical environment is the fundamental source of risk.

We assess the physical environment of our clients, identify the risks, and evaluate their potential impact on the organization and recommend suitable insurance cover for them.

Review of Operational Environment

Processes and procedures of an organization generate risk and uncertainty. We review the service manufacturing process and activities of the organization and its potential harm to the employees and the environment.

We make proposals for the improvement of the risks, if need be, arrange for insurance for the client.

Risk Products

In view of the above, we aim to provide intermediary insurance services by placing the insurable risks with reputable insurance companies. The products we provide include but not limited to;

Personal Insurance

Asset All Risk- This policy covers loss, damage or destruction of property of the insured by any accident or misfortune not excluded in the policy. Fire Insurance- The policy gives you financial compensation for any losses or damage to residential, commercial and industrial properties by fire or lightning. This can be extended to cover allied…

Aviation Insurance – This covers the risks involved in loss of goods during import/export by sea or air. Banker’s blanket bond (BBB) This policy protects a bank against losses from a variety of criminal acts carried out by employees. Most banks require blanket bond coverage as a condition of operating a bank. Is a fidelity…

This type of insurance coverage pays for medical, surgical, and sometimes dental expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly.

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