RMAS secure tailor made products to satisfy the unique needs of clients after careful deliberation. Policies are arranged with selected insurance companies with regards to cost, technical and financial capacity, terms and conditions in favor of client.
To make appropriate recommendations, RMAS reviews the risk exposures of clients by analyzing the nature and type of business operation. Where there are existing insurance policies, the insurance audit enables RMAS to identify any gaps in insurance arrangement. RMAS secures the widest possible covers to serve the unique needs of clients at the minimum premium quotation.
Some insurance policies are statutory requirements hence mandatory. An assessment is carried out to ensure compliance with statutory requirements as provided in such laws as:-
The crux of insurance arrangement is claims handling and negotiation. RMAS’s capabilities are legend in regard to claims handling. RMAS assist clients to complete all necessary documentation expeditiously. After the submission of all claims documentation, RMAS ensures that the claims are paid in the shortest possible time within the Regulator’s stipulated time for claims settlement.
As a result of having an in house Barrister, RMAS offers legal services in relation to insurance and corporate governance.
A broker’s job is to help you to identify the risks that you or your business may be exposed to.
The broker will advise you on what insurance’s are available for these risks and will canvas the wholesale business insurance market to obtain the most advantageous terms for these covers providing you with the insurance quotes.
The broker will then discuss this with you and when agreed place the cover with the chosen insurer/s and arrange the documentation at the specified insurance rates.
The broker will also help you with general insurance advice and information as required and look after any amendments to the policies that may be required. With any claims, the broker will assist you in formulating the claim and will liaise between you and the insurer to bring the claim to a successful resolution.
Brokers identify companies in which they have confidence and whom they are able to develop a working relationship.
Their primary goal is to consider product, service and price in order to make the best possible recommendation to their clients so that their clients can make informed decisions about their insurance protection.
The recommendation brokers make is based solely on the attributes of the insurance product or service and the needs of their clients.
The first step in determining the answer to this question is to work with your broker to identify and define the areas of risk for you or your business. The decision then is which risks to retain (i.e., not insure) and which risks to transfer through insurance.
The sums insured should be relevant to the risk, taking special care not to under-insure and be subjected to co-insurance clauses. To choose to take the risk yourself to save money can leave you vulnerable and may severely affect your cash flow or assets. This is where our experience can assist you in making decisions on how much insurance you require to adequately cover your various risks.