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  The Latest on Insurance Premiums
November 2004

Previously we have written about the increases in premiums over the last few years, in particular the Liability related classes of insurance which have risen significantly.

We are currently experiencing a flattening out of premiums across all classes of insurance although there are still small increases being experienced in professional risk classes such as Professional Indemnity and Directors and Officers Liability covers; which are Liability related. Most clients with straightforward covers will have a 'roll over' in terms on the renewal of their policies.

Commercial motor vehicle insurance policies are (more so) statistically driven and vary individually based on a great array of factors including repair costs. We are still seeing small increases going through and by all indications any reductions in this class of insurance is not occurring, unless an increase in a no claim bonus is applicable.

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Peter Vickers Insurance Brokers Pty Ltd
Australian Financial Services Licence No. 229302
ABN: 68 074 294 081

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