Operating loss (PE) can represent 35% of your P&C insurance.<\/p>\n\n\n\n
Do you really need it?<\/p>\n\n\n\n
For example, if you have 2 relatively similar and unsaturated operating sites, you will be able to manage in the event of a disaster.<\/p>\n\n\n\n
You can replace the PE with a less expensive \u201cExpenses and losses\u201d guarantee.<\/p>\n\n\n\n
2 Reduce the dspan of the operating loss:<\/strong><\/p>\n\n\n\n The companies usually grant 12 months of operating loss.<\/p>\n\n\n\n Do you really need 12 months to recover after a disaster?<\/p>\n\n\n\n Maybe (maybe even 18 months), but maybe you only need 6 or 8 months.<\/p>\n\n\n\n 3 Cut into the fleet:<\/strong><\/p>\n\n\n\n Car fleet insurance often represents the largest cost item in business insurance.<\/p>\n\n\n\n Are some of your vehicles more than 5 years old, or even more than 8 years old?<\/p>\n\n\n\n Remove the All-Accident Damage (DTA, more commonly All-Risk) guarantee. It weighs almost 40% of the premium…<\/p>\n\n\n\n 4 Look at your odometers:<\/strong><\/p>\n\n\n\n If you are small riders, introduce an annual limit to the contract<\/p>\n\n\n\n 5 Do you really need Replacement Vehicle coverage?<\/strong><\/p>\n\n\n\n 100 euros per year per vehicle to be cut.<\/p>\n\n\n\n 6 Why multi-driver clauses?<\/strong><\/p>\n\n\n\n Everyone actually always uses the same vehicle? Cut the clause.<\/p>\n\n\n\n 7 Exaggerated amounts in your P&C insurance:<\/strong><\/p>\n\n\n\n Amounts (office, machines, stocks, etc.) were sometimes initially roughly estimated. Ask for a discount… effective immediately!<\/p>\n\n\n\n Take the opportunity to check the turnover indicated in the contract. Perhaps it is exaggerated.<\/p>\n\n\n\n 8 Is your key-man insurance really useful?<\/strong><\/p>\n\n\n\n Unless it is required in return for a loan, you could also review it.<\/p>\n\n\n\n It is very expensive and is only of interest if you are truly irreplaceable (which is never a good thing).<\/p>\n\n\n\n 9 Have you taken out borrower insurance?<\/strong><\/p>\n\n\n\n A loan of 800,000 euros will cost you perhaps 9,000 euros of insurance via the bank, renegotiable for 5,000 euros\u2026<\/p>\n\n\n\n 10 And the deductibles?<\/strong><\/p>\n\n\n\n Do a little self-insurance!<\/p>\n\n\n\n Manage small claims yourself (commercial discount, etc.).<\/p>\n\n\n\n By increasing your deductible from 300 to 3000 euros, your premium will drop by perhaps 20 or 30%.<\/p>\n\n\n\n Deductibles are the simplest and most effective way to obtain a quick win.<\/p>\n\n\n\n <\/p>\n\n\n\n Conclusion:<\/strong><\/p>\n\n\n\n Let’s be clear: It’s not about doing crazy decisions and putting your company in danger.<\/p>\n\n\n\n Take advice from your broker.<\/p>\n\n\n\n What if you asked for a voluntary premium reduction plan?<\/p>\n\n\n\n Be smart: Reinvest part of the earnings (for example in Director & Officers (D&O)).<\/p>\n\n\n\n Furthermore, it is up to you to implement longer-term actions:<\/p>\n\n\n\n -ren\u00e9gociating with companies<\/p>\n\n\n\n -contract groupings<\/p>\n\n\n\n -preventative measures<\/p>\n\n\n\n Take action! Call your broker quickly.<\/p>\n\n\n\n <\/p>\n\n\n\n It\u2019s possible to make quick, significant and visible savings on insurance, without a complicated process, or even without waiting for annual deadlines\u2026 These savings are highly necessary : -premiums increased by 7.4% in 2022 (source FranceAssureurs) -recurring natural disasters will cause premiums to soar in 2025 1 Remove your operating loss: Operating loss (PE) can … <\/p>\n![\"\"](\"https:\/\/frenchbrokers.fr\/wp-content\/uploads\/2024\/01\/logo-quick-wins.png\"){kind=logo}
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