Managing Director Ben Gair founded BG Risk after recognising the need for a competent, honest and commercially minded insurance broker which looks beyond the traditional realms of insurance.
“We have a proven history for establishing trust with our clients by understanding their businesses, providing sound advice and being their advocates,” says Mr Gair.
“Through all stages of the process, we are focused on partnering with clients, achieving great outcomes and offering unrivalled service.”
When engaging with its clients, BG Risk takes a three-step approach to providing specific coverage: discover, design and deliver.
During the discovery phase the company meets with stakeholders to understand the history of business and identify any issues and/or concerns. These initial discussions also cover prior losses, risk management, compile risk information and determine retention levels.
Mr Gair says this planning is vital to providing precise coverage for each client.
“We pride ourselves on providing tailored coverage, which makes this exploratory process vital to the delivery of our service,” he says.
“A lot of brokers use a cookie cutter approach, or don’t really know the business, which penalises the client because then their proposed insurer doesn’t understand their business.”
“During the next stage of our consultation we put together a program to take to market, creating competition among insurers to achieve the best price and the most comprehensive insurance program.”
After the coverage has been implemented, BG Risk maintains contact and builds on the contractor/broker relationship, as well as managing any claims that may arise, assisting with risk management and providing advice during the insurance term.
While BG Risk’s brokers specialise in working with businesses across a range of specialist industries, Mr Gair says their expertise lies in construction.
“This knowledge and experience means we can identify risks that are specific to your type of business and quickly find the right policy options to match,” he says.
“We already work with a number of leading civil construction companies, so we have an acute understanding of the risks that relate to the high value machines trenchless contractors rely-on on a daily basis.
“For example, we’ve recently seen an increase in delays to repair and reinstate damaged mobile plant and equipment. This is largely due to manufacture and supply chain issues stemming from COVID.
“Not only is mobile plant a large investment, but is is also vital to productivity and operations on-site, so it’s important we ensure that businesses can continue to operate and have the resources to do so if a loss occurs.”
Mr Gair says he’s looking forward to catching-up with clients and engaging further with the industry at his first No-Dig Down Under.
“You can learn so much at trade events and nothing beats meeting people face to face. Like anything, insurance is always evolving, so if you own high-value trenchless equipment I would encourage you should stop by our booth and learn a bit more about what we do – you never know we might be more competitive than you think.”
For more information visit: https://www.bgrisk.net/