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Old 30th April 2013, 11:58 PM   #1
Hampers
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Cool What Is The Right Level Of Insurance Exposure?

There are so many insurance products out there, it is easy to find yourself with saturated coverage and ridiculous strains on your cashflow.

What is the right ratio of insurance to calculated risk, and how do you judge it for yourself?

I am a bit of a risk taker and choose not to have insurance in some areas where others would think it was essential.

What is the right ratio?

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Old 18th June 2013, 04:33 AM   #2
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Ratio is totally depends on what type of product insurance you need. But, No one can ever get exact figures about insurance ratio. Instead of, you can get closer idea online. Search insurance calculator online on Bing/Google/ Ask , where you can calculate insurance ratio.

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Old 11th October 2013, 06:28 AM   #3
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Agree with Stark. Nobody yet to know the exact ratio. But, You can get only a very closer idea if you compare insurer policies online.

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Old 15th October 2013, 10:10 AM   #4
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I would start with the minimum required by your customers or if you have to be licensed what that body requires and then add based on your needs and the risk of business you are in. Also keep in mind the exposure you have and how that is perceived in the market place. I always suggest meeting with the right insurance broker. There are many types that focus on all areas and I'm sure there is one in your line of business.

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Old 22nd October 2013, 10:26 PM   #5
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Sorry, not sure if I'm getting the point across - I was asking what amount should be insured versus what amount I should self-insure.

Like 50-50 or 70-30?

Any suggestions?

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Old 8th December 2015, 12:21 AM   #6
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The ratio can be differ depending upon the type of insurance and the % of loss due to any accident. There are so many types of insurance like business liability insurance, insurance to cover office property, employee security, office accessories, etc.

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