Hard-to-place insurance generally takes longer to arrange than a straightforward standard policy.

There is no fixed timeframe because the complexity varies substantially between risks.

Why can the process take longer? #

A specialist placement may involve:

• Gathering detailed information.
• Reviewing contracts.
• Obtaining claims information.
• Preparing an underwriting submission.
• Approaching multiple insurers.
• Insurer referrals.
• Requests for additional information.
• Negotiating exclusions or conditions.
• Seeking overseas capacity.

Some insurers may also need approval from senior underwriters or overseas offices.

When should I start? #

As early as practical.

Businesses should avoid leaving complex insurance requirements until immediately before:

• Policy renewal.
• Starting a contract.
• Tender close.
• Commencing a new activity.
• Purchasing a property.

What can delay a placement? #

Common delays include:

• Incomplete proposal forms.
• Missing claims history.
• Unclear business activities.
• Outstanding contracts.
• Missing property information.
• Late responses to insurer questions.

Providing complete information early generally gives the broker more opportunity to approach suitable markets.

Can Webber Insurance guarantee cover by a particular date? #

No.

Webber Insurance can progress the placement as efficiently as possible, but insurers control their own underwriting decisions and response times.