It’s not just our customers who love BizCover and our service

Good Afternoon

I would like to take the time to say a big thank you to your website team!!!

Our company was faced with the ever daunting task of sourcing PI Insurance and trying to understand the ‘jargon’ and terminology used by underwriters and insurers. We have had PI Insurance for a number of years but decided to do a bit more research this time to ensure that we were getting what we wanted out of our policy.

Whilst we have confirmed a policy through another company, we would not have been able to do so if it wasn’t for your detailed website! Upon getting online quotes off your website we realised that we didn’t understand the terminology and found your explanations on the ‘compare’ page to be the most fantastic tool. Everything is explained in ‘lame mans terms’ so that anyone can understand it.

So a big thank you and well done to the BizCover team. It is a fantastic website, easy to use, clear, concise and just brilliant.

Thanks again and have a fantastic afternoon.

Kind Regards

Cheryl Davie
Business Manager
www.jamesbookkeepingservices.com.au

BizCover breaks into the top 15,000 most visited sites in Australia

BizCover has reached a new milestone thanks to its leading Professional Indemnity Insurance offering. This includes websites from all over the world (for example, Facebook is a competitor). To put this into perspective, it is estimated that there are over a billion indexed (by Google) websites around the world. BizCover is ranked 944,382th in the world and 14,929th in Australia.

To further put this into perspective, here are some comparable rankings for competitors.

Realinsurance: 9,192 (our goal)

Greatchoice: 44,052

Quotesonline: 46,633

Liability dot com dot au: 71,687

PVIB: under 100,000

Cerberos: under 100,000

Coverforce: under 100,000

With http://www.BizCover.com.au soon to launch Business Insurance, the only way to go for us is up.

BizCover: Number 1 Insurance Blog in Australia

BizCover stops at nothing to be number 1. Our blog is now ranked by Google as the first when searching for insurance blogs. We have so far been an authority on Professional Indemnity Insurance, but soon, we will also start publishing entries about Business Insurance.

The official launch is coming very soon!

BizCover is the number 1 Insurance blog in Australia on Google

Policy Wordings: Important to Read

After the bushfires in Australia, there have been reports of many families making claims only to be turned back by their insurers, due to limitations of coverage on their insurance policies. This has been evidenced on the levels of the consumer (families) and also the builders.

Whilst we do not deal with home and contents insurance at present, the general theme can be applied to business insurance: always read your policy wordings. If you don’t understand anything, make sure the insurer or broker clarifies it for you. based on this, BizCover Professional Indemnity Insurance, working alongside insurers, has aimed to create easy to understand tables of exclusions and a glossary.

We encourage all BizCover customers to donate to the Victoria Bushfire Appeal.

BizCover: Soon to be a one-stop shop for business insurance

Professional Indemnity Insurance, Public Liability, Business Insurance all to soon be offered by BizCover

When BizCover launched its Professional Indemnity Insurance offerings early last year, we did not expect to grow so fast. We mostly have our loyal customers to thank who have been proactive in spreading positive word of mouth on behalf of our brand.

BizCover now aims to be the first Australian broker to offer Business Insurance online. In March, Australians will be able to select and buy Business Insurance offerings including:

• Public Liability Insurance
• Office Contents Insurance
• General Property Insurance
• Glass Insurance
• Tax Audit Insurance
• Premises Insurance

We’ll keep you posted on the results of our limited-release trial before we launch this service to the public.

Regards,

The Team At BizCover Professional Indemnity Insurance

Another article on the cost of PI Increasing

It has been said, again (albeit in the UK), that Litigation fear drives up cost of PI insurance. We are yet to witness this significantly in Australia, particularly with the operating model of our site. Transparency, we belive, could potentially keep Professional Indemnity Insurance premiums, down. By comparing Professional Indemnity Insurance quotes, you could save significantly on your premiums.

Some feedback left for us, and accessible at our BizCover testimonials page, shows that a customer recently saved 25% on their premiums, regardless of the financial environment that we are operating in.

To compare Professional Indemnity Insurance quotes from leading insurers, visit BizCover’s specialist Professional Indemnity Insurance homepage.

Professional Indemnity Insurance RSS News Feeds Coming Soon

In a couple of weeks, BizCover is aiming to launch RSS Feed subscriptions to summaries of various Professional Indemnity Insurance-related news articles. This will help you keep track of industry insights. The blog can also be subscribed to using the link on the right hand side.

Professional Indemnity Insurance quotes provided by BizCover

Will Professional Indemnity Insurance Premiums Rise?

An article published on ABC News, suggests that insurance premiums are set to rise, resulting from the global economic slowdown.“Mr Parameswaran says insurers who specialise in professional indemnity, workers’ compensation and commercial property will bear the brunt of those increases.”

In the opinion of BizCover Professional Indemnity Insurance, premiums for most professions are likely to remain stable. While insurers are experiencing an environment which is negatively impacting the asset side of their balance sheet and claims activity has increased considerably, competition is rife and there is still sufficient capacity to keep the lid on rates. The only areas where we expect premiums to increase is in corporate D&O, Financial Services and anything in relation to the housing market.

BizCover’s operating model should facilitate an environment where premiums remain competitive. BizCover allows business professionals to compare Professional Indemnity insurance policies from a range of insurers on their site by answering a few brief questions online. Through pricing and coverage transparency, insurers are motivated to constantly revise prices and terms to provide higher quality and cost-effective policies than their competitors.

A further point to ponder is that with the mass redundancies that have been witnessed, many employees are seeking to become employers, or open up their own businesses. The start-up costs for many of these start-ups include business insurance including Public Liability and Professional Indemnity Insurance (the latter may be particularly important given the current economic environment and risk of litigation). For this reason, the business insurance market, particularly in the provision of policies for SMEs, may not, as the article suggests, contract.

What Has Happened to Our Site – Professional Indemnity Insurance Updates?

Some of our customers have complemented us on various features on our main site. Many of you may have noticed a news and media page.

http://www.bizcover.com.au/BizCover/Professional-Indemnity-Insurance-News/News.aspx

http://www.bizcover.com.au/BizCover/Professional-Indemnity-Insurance-News/Professional-Indemnity-Testimonials.aspx

http://www.bizcover.com.au/BizCover/Professional-Indemnity-Insurance-News/Professional-Indemnity-Case-Studies.aspx

There are many other new sections that I recommend you check out 🙂

Remember, our main homepage is: http://www.bizcover.com.au/bizcover/

Global Financial Crisis, Professional Indemnity Insurance and BizCover.com.au

We recently sent out some information to our potential customers talking about BizCover’s opinions on how the GFC will and is impacting upon Professional Indemnity Insurance. Originally this article was posted on our old blog: http://bizcover.blogspot.com/2008/12/global-financial-crisis-professional.html

Whilst there has been a significant amount of press around the impact that the Global Financial Crisis is having on Directors & Officers Liability insurance, at this stage the impact on Professional Indemnity Premiums remains relatively insignificant.

Michael Gottlieb, the joint managing director of Mega Capital – a specialist Professional Indemnity Insurance broker – said that “while there is certainly a greater attention by the insurers in reviewing and underwriting individual risks, at this stage there is still sufficient capacity in the insurance market to ensure premium increases are minimal.” However, the cycle is certainly turning and we are seeing a tightening in the breadth of coverage offered by insurers and a reduced appetite for new business, which is not perceived as a low risk industry and/or business.” We therefore feel it is prudent to obtain multiple quotes to compare to your existing quote.

This is where BizCover comes in, yet again. BizCover allows businesses to get easy online quotes, compare between different premiums offered by leading insurers online and then purchase.

Regards,

BizCover Professional Indemnity Insurance and Business Insurance