Skimping On Insurance a 'False Economy' Warns Burgesses

Braintree, Essex (PRWEB) October 25, 2008

Independent Payment Protection Insurance (PPI) provider Burgesses has warned policyholders against cancelling cover to save pennies as the credit crunch bites.

Managing Director Sara-Ann Burgess said: "Cancelling policies in these economically trying times is a false economy and could be the biggest error that anyone could make. This is especially true when we consider homeowners that might be considering forgoing their mortgage payment protection insurance (MPPI) payments."

Burgess continued, "While the policyholder might be feeling confident about their immediate job prospects, and could do with the extra cash at a time of rising prices, the economy is moving into a period that will be as bleak as the recession of the early 1980s when thousands of businesses went to the wall. At the same time, no one knows when they might be struck down with a serious illness rendering them unable to work and unable to make mortgage repayments. Regular premium MPPI, bought from an independent broker, provides affordable cover. And what price can be placed on peace of mind?"

However, Burgess recommends homeowners review their MPPI insurance if it was arranged through their lender.

"Insurance arranged by the lender is invariably always more expensive than being bought through a broker. Shopping around is the most important thing to do when looking for insurance and great deals can be found online. Certainly, inexpensive cover can be purchased from reputable outlets such as British Insurance.

"Buildings and Contents is another essential cover and should not be abandoned. Any incident, such as storm damage, fire or freak flooding could wipe out what is for most people their most valuable asset. Although buildings insurance is compulsory if you have a mortgage, you are not obliged to buy it from your mortgage lender. As always, if you shop around, you should be able to get it cheaper," Burgess said.

Burgess added that students that have just started or recently returned to university should ensure their contents are covered also.

"A recent study* suggested that students take an average of

ClearRisk Turns 5 Years Old: the Online Application Provider Celebrates Five Years of Helping Insurance Brokers be More Successful.

St. John's, Newfoundland (PRWEB) September 20, 2011

September 20th, 2011 marks the 5th anniversary of ClearRisk's incorporation. "I am delighted about reaching this very important milestone in the company's development," said Craig Rowe, Founder and CEO of ClearRisk. "We have a great staff team, an experienced Board of Directors, enthusiastic customers, and very supportive shareholders. Combined with our rapid sales growth and recent venture capital investment, we are very well-positioned for success."

Early in 2011, ClearRisk received venture capital from Growthworks, a leading Canadian VC firm. "ClearRisk was a logical fit for our portfolio," said Tom Hayes, President and CEO of Growthworks Atlantic. "Craig and his staff really know the insurance industry and have a great product/market fit. We think they have great potential."

ClearRisk provides cloud and mobile applications for risk and insurance. "We make Insurance brokers more successful." said Rowe. "We are maniacally focused on their success by providing them with solutions that give them a differentiator to create competitive advantage in the mid-market. We help them open doors, close sales, and retain business."

Mike Grandinetti, ClearRisk Board Director added, I have been working with Craig and his exceptional team for over two years. Based on Craig's 20 years of domain experience, he has brought an innate understanding of the risk industry to his role as CEO. As a result, ClearRisk has quickly become the leader in their industry through both developing their innovative purpose-built solutions for insurance brokers, and by using modern digital marketing methods to build their sales channel and customer base. I have had the privilege of working as a Board member and advisor with many successful technology companies throughout North America and Europe for the past decade; I have been most impressed with ClearRisk's commitment to best practices across all functional areas of the company, and their corresponding market traction and increasing industry recognition. I am confident that this is the right team at the right time in this rapidly growing market space" added Grandinetti.

ClearRisk has received significant support from ACOA, the NRC, the NL INTRD, the First Angel Network, and several individual investors. We have been very fortunate to have received the support of some leading funding and investment organizations in our region. Building a technology company takes a lot of time and capital, and we couldnt have done it without their support, said Rowe.

ClearRisk is exhibiting at the RIMS Canada Conference in Ottawa this week. "It's business as usual at ClearRisk as we turn five. It's great to celebrate milestones and successes, but we can't let it slow us down or distract from our focus on creating and delivering great products and making our customers profitable," said Rowe.

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