Our Services
At Magnum Trust Insurance Brokers Ltd, we pride ourselves in providing world class products and services to all our clients. Our range of services are listed below. Please contact us us for more information.
Advisory Service
Due to our in depth training, extensive experience and expertise, we are able to advise institutions, corporations, companies, and individuals on different classes of insurance they need to secure their assets and interest, after a careful study of their operation.
Claims
This is the core of our duties to our clients. We investigate all claims and deal with all the issues associated. We have a stellar track record track record of negotiating for the most favourable settlement of claims for our clients.
Our process is also speedier and more efficient than when working directly with insurance companies. insured deals directly with the insurers.
Choice of Insurance Company
It is our duty to refer to the most reputable insurance companies offering the relevant class of insurance to our clients. We do this after a thoughtful assessment of their situation.
However, where the insured has their own preference in the choice of an insurer, we take that into consideration and our advice and recommendations are offered to cover all merits and demerits of the client’s choice in order to assist them.
Charging or Premium
We take it upon ourselves to scour the market for the fairest rates from the insurance market on behalf of our clients, without compromising the scope of cover.
Due to our experience in the market, we are able to reduce insurance budget yet, maintaining the most comprehensive covers.
Interpretation of Cover
We ensure that the cover granted is granted is tailored along the needs of our client. That is to say that coverage is crafted to suit the peculiar nature of our client operations.
Review of Insurance
We carry out a systematic and periodic review of our client’s existing insurances, to determine:
- The adequacy of the cover provided by such existing insurances, considering the prevailing economic/social climate
- Re-negotiate cover where what is presently granted is considered restrictive.
- Ensure that the premium charge is most competitive.
By these methods, we watch and study our client’s development and through discussions, enquiries and personal periodic visits, we are able to give advice on continuous basis on risk improvement measures.
The Brokers Service
The brokers earning is regulated by law and this comes from the premium paid by the policy holder. However, it should be clearly understood that the broker’s presence in the contract of insurance does not increase the premium. Instead it is capable of bringing it down.