Are You Hiring An Insurance Service Provider? » Discussions

Are You Hiring An Insurance Service Provider?

  • Leader
    June 7, 2019

    As a company, you already have a sourcing process that needs to be followed when shopping for goods and services. While this may be easy for certain services, it may not be easy for other services. When it comes to shopping insurance coverage, while it may be beneficial to follow the company’s sourcing process, it is also good to add some helpful tips.


    Today the internet has changed the way shopping is done. Many businesses are comfortable working with people they haven’t met. That is they are comfortable placing and receiving orders over the internet.  That is why looking for group life or Home Insurance Singapore has become very easy for companies today. Even with their company’s policies in mind.

    Research Online

    If you are happy buying online Personal Accident Insurance Singapore, do your research online and check the different insurance providers. Don’t forget to read reviews that have been written on the different companies. When reading reviews be sure to check whether they are coming from individuals or companies. The internet is a good place to learn about the reputation of a company.

    Use price comparison sites

    For a taste of the expected prices for the Motor Insurance Singapore cover you are looking for. Price comparison sites that compare products from different companies can be a good place to check for the expected prices. Although you may not request quotes from these online sites, they may help you have an idea of what to expect when you request for quotes.

    Request Quotes from shortlisted companies

    When you are happy with some of the companies you have seen. You can send a request for quotation on their life insurance offered to companies. Be sure to be explicit about what you are looking for. This will help ensure that the quotes that are sent to you are representative of the services you expect. It is also recommended you to do your first hand analysis very carefully as it is very important for your future.

    Ask questions

     When you receive quotes, be sure to ask questions about the quotes you receive. Don’t just accept the quotes at face value. Ask what is included in the quote and if there is going to be any extra cost after the one mentioned on the quotes. If not spelled out in the quote, clarify what services they will be providing for the price they are quoting.

    Select a service provider

    Normally as a company, you may have to go through the different quotations with an evaluation team. Based on the different decisions of the team members, you should be able to come up with the best service contractor in terms of price, services offers and technical knowhow. Note that, it is not always the lowest bidder who wins. Sometimes the lowest bidder’s bid may be low because they are unsure of the services expected from them. At the end of the day, the reputation of the company has a big role to play.