Commercial Insurance Quotation Form

 

The aim of completing this form is to provide correct objective details of …………………………………………………

for Bainbridge Collins Ltd to obtain quotations from insurers.

 

I/We understand that any premium levels obtained using this information are subject to the variation by my/our existing insurers of the claims details provided, a survey by any new insurer and completion of their standard proposal form (if required).

 

I/We are not bound in any way to accept any proposals put forward by Bainbridge Collins Ltd.

 

 

Address of insured:

 

 

 

 

 

Post Code:

 

 

 

 

Post Code:

 

 

Business Description:     

               

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When Established:                                              

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How long at this location:               

 

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Existing Insurers

 

Last Years Premium

Fire

 

 

Profits

 

 

Theft

 

 

Money

 

 

Employers Liability

 

 

Public Liability

 

 

Motor

 

 

Others

 

 

 

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We would remind you that it is not our intention to transact Life & Pensions business.  Should you wish to receive advice in this area, we will be pleased to recommend a suitable Independent Financial Advisor.

 

Financial Information

 

Sums Insured

Premium

 

Buildings

 

Machinery, Plant and all other contents

 

Stock

 

TOTAL

 

 

Estimated Gross Profit     £

 

Indemnity Period                 months

 

Current basis = 75% Deposit / 100% Average / 133 1/3 declaration

 

 


 

Wages

 

 

Clerical

£

Manual Work Away

£

All others

£

 

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Turnover Estimates

 

 

UK

£

USA/Canada

£

Elsewhere

£

 

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Material Damage

(for each location advise, in brief, the construction: Walls / brick / stone / steel, Roof / slate / tile / concrete / felt / asbestos / steel, Floor / how many and type / wood / concrete, earth)

 

Schedule of locations:

 

1)

 

2)

 

3)

 

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Heating arrangements:

 

Electrics age and maintenance policy:

 

Security:                              

 

Fire Protections:

 

Waste clearance policy:

 

Smoking policy:

 

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In brief, please describe the trade processes making special mention of any hazardous chemicals / materials or excessive noise levels etc.

 

 

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What arrangements do you have for storage of hazardous chemicals or materials or excessive noise levels etc.?

 

 

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Do you hold a current fire certificate? 

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Stock - Please split the total sum insured as follows:

 

Finished Goods

%

Work In Progress

%

Raw Material

%

 

 


 

 

Is stock susceptible to water damage?                                                                                       YES / NO

Is stock brittle or prone to breakage?                                                                                          YES / NO

 

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How often do you conduct stocktakes?

 

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Plant

 

Is machinery specialist?                                                                                                                  YES / NO

How long would it take for key machines to be replaced?                                    

 

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Profits

 

What amount does payroll form of the Gross Profit Estimate?                            

 

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Which working expenses have you excluded in arriving at the Gross Profit?

 

 

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Do you anticipate any significant increase or reduction in the level of your Gross Profit in the next two years?                                                                                                                                                   YES / NO

 

Do you have any customers or suppliers representing a significant proportion of your turnover?

                                                                                                                                                                YES / NO

 

Could you relocate within a reasonable timescale?                                                 YES / NO

 

Could you use other companies to complete your order?                                                      YES / NO

 

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Money

 

Estimated annual cash carryings £

 

Do you pay wages by cash, credit transfer or cheque?                                         

 

If cash, please detail your procedures:                       

 

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Do you receive cash payments from customers?                                                                    YES / NO

 

If yes, please detail your banking arrangements:

 

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Is cash left on the premises overnight:                                                                                       YES / NO

 

If yes, give the type of safe:                                            

 

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Do you require Personal Accident & Assault cover for your employees?                          YES / NO

               

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Claims

 

Please detail any claims on the above classes in the last five years, together with information on remedial action taken to prevent a repeat occurrence.

 

 

 

 

 

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Employers Liability

 

Do you have any history of Industrial Diseases of any kind?                                 YES / NO

If yes, please give full details:

 

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Are you aware of any claims being made against the company in the last five years?

                                                                                                                YES / NO

 

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Do you have a “Health & Safety at work” policy?                                                                                     YES / NO

If yes, attach a copy

 

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Public / Product Liability

 

Please provide a description of your product range and typical customer.

(a brochure would be of great help)

 

 

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Do you now or have you ever exported to the North American Market?                            YES / NO

               

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Do you have any representation in North America?                                                 YES / NO

 

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Do you keep records of raw material sources and sale destination?                                 YES / NO

If yes, how far back can you trace and how long do you intend to keep the information

 

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Do you provide advice or design?                                                                                 YES / NO

If yes, is this for a fee?

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Detail any claims made against your company in the last five years:

 

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General

 

Has any Director / Partner ever:

 

been convicted or charged, but not yet tried with any criminal offence,

other than minor motoring offences?                                                                                           YES / NO

 

been refused insurance or had special terms applied?                                                          YES / NO


 

 

 

 

 

Declaration

 

 

I/We declare that this form is to be the basis of the Review being conducted by Bainbridge Collins Limited.

 

 

I/We understand that signing this form does not bind me/us in anyway to transact business with either Bainbridge Collins Limited or any insurer they may approach on my/our behalf.

 

 

I/We declare that the statements made by me/us or on my/our behalf are true and to the best of my/our knowledge and belief no material facts have been withheld.

 

 

Material facts are those which an insurer would regard as likely to influence acceptance or assessment of risks proposed.  If you are in any doubt about whether a fact is materiel or not it must be disclosed as failure to do so could result in any quotation subsequent cover being invalidated.

 

 

 

Signature of Prospective Client:  ………………………………………………………………..

 

Position:                                             .……………………………………………………………….                                               

 

Date:                                                  .……………………………………………………………….

 

 

 

Declaration by Bainbridge Collins Limited

 

We agree that the information contained in this form is confidential and must only be disclosed to those insurers from whom we seek a quotation.  We agree that this form in its entirety will be presented to insurers without amendment as part of our presentation, on your behalf.

 

We reserve the right to withdraw or amend our report to you should serious discrepancies be discovered at al later date.

 

 

Signature of Bainbridge Collins Limited representative

 

 

 

Position:                                               ………………………………………………………………

 

Date:                                                      ………………………………………………………………