Another one bites the dust...

Vero announced February 5, 2010 that they are withdrawing from the national Home Warranty Insurance market. With the NSW State Government currently in the process of taking back insurer risk from the private Insurers for Home Warranty, this leaves the other States (Victoria, South and Western Australia) still in the hands of two private insurers - Calliden and QBE.

Vero currently holds approximately 50% of the national market share, therefore it seems likely if a builder leaves his application to a new insurer until the last minute there will be significant delays. As mentioned in our previous reports, we do not expect any change to the distribution of Home Warranty insurance, meaning Brokers are still the best option of applying for insurance.

SHC has the easiest and fastest application on the market. In addition if the builder takes out both Home Warranty and Contract Works, we can provide a 10% discount to both policies! If you want hassle free, email us your details here customerservice@shcorp.com.au and we will respond immediately. For more information click here.

About Savill Hicks - Builders Insurance Brokers

SHC is a national Insurance Brokerage built around innovative solutions. SHC recognised many years ago the need to have tailored products focusing on our clients individual needs and expectations.

Today SHC is renowned for providing professional expertise coupled with efficient and effective product delivery.

SHC differentiates itself by going beyond traditional boundaries to help clients succeed.

SHC was established in 1993 after initially trading as Savill Hicks & Associates from 1990.

As a result of its success SHC is now one of the leading brokers in Australia, with its Construction Division’s expertise second to none. Based on its past performances and its commitment to the insurance industry, the company forecasts further significant growth as a result of the industry’s demands for its products and service.

SHC has been able to develop specialised relationships with some of Australia’s largest Insurers. These relationships allow SHC to provide products to the industry which cannot be accessed by any other broker nationally. SHC has also forged close working relationships with leading re-insurers as well as insurers, in addition to overseas partnerships that expand its reach beyond traditional brokers.
 
As such, SHC can provide stand-alone solutions for an insurance program – generally completely in-house. The company’s facilities in the provision of these products are second-to-none in quality and delivery.

Our core values set SHC apart. These values have evolved around 4 principles:

  1. Our core values are always maintaining a client focus. We recognize the needs of different client groups and our professional client managers specialise by product and client industry.
  2. Listening to our clients and working with them as a partner, we can best develop solutions that work seamlessly with their business. Only in this manner can we help clients uncover and mitigate risks, so they can continue to operate as an ongoing success and continue their "vision".
  3. The unwavering commitment to personal and professional integrity, ethics, honesty and fair dealing.

    SHC's senior management team and Board embrace these principles. We have adopted strong corporate governance practices that reflect this commitment and ensure that our company is managed with integrity.
  4. Product and Service innovation. We build on our strength and success by providing creative and resourceful solutions for our clients. The agility of SHC ensures our commitment to remain a market leader in the provision of risk management and product delivery.

Savill Hicks Insurance Brokers offers the following insurance products and more:

Contact our experienced brokers for more information on any of our products : Call 1300 550 665 or email customerservice@shcorp.com.au