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Please rank the below factors in terms of importance while buying commercial insurance? 1. security 2. cover 3. price 4. service 5. s & p rating

Please feel free to add any other important factors and rank them. For the sake of uniformity, please use Rank1 for the most important and5 for the least..

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Question added by RAGHAVAN K RAMAN , General Manager Operations , Phillip Middle East Insurance Brokers
Date Posted: 2013/10/20

1.  s & p rating

2.  price 

3.  service 

4.  security 

5.  cover 

Nitin Gupta, ACA
by Nitin Gupta, ACA , FP&A , Rockwell Automation

2. security3. cover4. price5. service1. s & p rating

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

1. Coverage 

2. S&P ratings

3. Premium cost

4. service 

5. security

imad gammoudi
by imad gammoudi , مدير مطعم , لاسكالا

 

1 securite

2service

3cover

4 s and  p

5 price

Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

In my opinion the intention of the insured is always is the insurance coverage when he decide to buy the insurance .

Secondly the insured may discuss the insurance premium rate and other conditions.

Thirdly after the insured buying the insurance he can assess the insurer services during or after the end of the treaty period through actual experience with his insurer.

fourthly insurance coverage and security seems to be of the same meaning and function but cover is a common term in the insurance while security is a term relating to reinsurance and the reinsurers treaty or facultative placing.

Finally the abbreviation s & p rating seems to be unfamiliar to me.

Kind regards

Marlowie Hatulan
by Marlowie Hatulan , Banquet Manager , Radisson Blu Hotel

1. Security

2. Service

3. Price

4. Cover

5. S&P rating

Rima Sabbagh
by Rima Sabbagh , CUSTOMER SERVICES - WORKING FROM MY OFFICE @ MY HOME , Argos and Homebase

I FIND IT TO BE THE SMALL PRINT, EXCLUSIONS ON THE POLICY, COVERAGE OF POLICY, PRICE AND NCB

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