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Name:
Hiscox Insurance
Quote Rating:
1.5 out of 5
No. of Reviews: 5
Hiscox Insurance is a company that dates back to 1901 originating from the Roberts agency that began life underwriting marine insurance for Lloyds. Today Hiscox offer profession specific business insurance, home insurance and are known for their policies covering kidnapping, fine art and natural disasters.
In 1987 Hiscox Holding Ltd was created as a holding company with two ancillaries, Hiscox Syndicates Ltd and Roberts and Hiscox Ltd and this was followed in 1989 with the formation of Hiscox Underwriting Ltd, but in 1994 Hiscox Holdings de-merged and in 1996 Hiscox PLC was formed becoming listed on the UK Stock Exchange the following year.
With the launch of Hiscox Online in the year 2000 they became the first company selling insurance on the Internet for owners of valuable homes and in 2006 they moved from the UK to Bermuda and adopted the new name Hiscox Ltd.
Today at Hiscox.co.uk (Hiscox.com for international customers) you can buy a range of commercial insurances for any type of business what ever its size with cover that extends to terrorism and political risk, business disruption, hacking or fraud as well as fire and flood. Professional insurance is tailored to suit your requirements whether a small partnerships or multinational conglomerate.
Hiscox's insure commercial marine vessels operating in war zones and other problem areas around the world providing cover in these major risk areas for war loss of hire, war protection and indemnity and physical damage.
They lead the market and are well known for their expertise in aerospace, telecommunications, media, technology, terrorism and political risks.
If you own an overseas holiday home there is another Hiscox website dedicated to insuring properties abroad and Hiscox claim that you will always have access to an English speaking claims expert who has knowledge of the local country and its specific laws. This insurance covers your holiday home whether it is rented out or left empty and there is optional accident damage cover.
If you are looking for a policy to cover a special event, Hiscox are specialists in this area as well insuring exhibitions, conferences, weddings and firework displays, they also insure against the risk of cancellation of major events like Wimbledon, the Olympics and even rock concerts.
In 2008 the Hiscox Group have 27 offices in 13 countries and, according to an article in The Guardian, they are unaffected by the turmoil of the financial markets havin pre tax profits in the first six months of almost ???4 million more than the year before and share prices have also risen. †
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04/02/2010 A little strange. I applied for insurance with them, got it, but then on phoning up to ask about increasing my coverage as I run a website (professional indemnity insurance) they said they would have to cancel my insurance and put me through a broker. How does that work? How is Hiscox insurance through a broker any different from the usual stuff?