Collusion May Result in Higher Insurance Premiums

New Service Launched Helps Safeguard Australian Businesses From Insurance Broking Malpractice. Expense Reduction Analysts (ERA), the worlds largest specialist cost management consultancy, has launched a new general insurance expense reduction service, the companys Chief Executive Officer, Mr. Michael Byrne announced today.

(PRWEB) December 5, 2004 -- Expense Reduction Analysts (ERA), the worlds largest specialist cost management consultancy, has launched a new general insurance expense reduction service, the companys Chief Executive Officer, Mr Michael Byrne announced today.

The new ERA insurance service enables Australian businesses to ensure that their broker has not accepted contingent commissions" to guide their business to selected underwriters and are not shielding favoured underwriters from competition," says Mr Ken Armstrong, Director of ERA Insurance Services Pty Ltd. Mr Armstrong recommended that Australian businesses are best to audit the services provided by their broker to date. The recent concerns raised overseas by Market Service Agreements" and admissions by others that they exist should concern every Australian business.

The new ERA Insurance Service ensures that the broker has truly marketed their clients insurance needs and requires all fees and commissions to be declared. ERA clients premiums are benchmarked against similar businesses and ERA will, if necessary, obtain more than one quote on behalf of its clients to ensure true market pressure is exerted in favour of the client. The ERA Insurance Service is free unless premium savings are made, in which case ERA charges a fee of 50% of the savings made. Alternatively, a fee for service can be provided at the clients choice.

ERA maintains its relationship with clients to ensure satisfactory ongoing service and savings are maintained by the broker to the account. ERA is totally independent of all underwriters and contracts with its clients to receive no commissions or fees from insurers.

For information regarding ERAs new service contact ERA Insurance Services on (03) 9863 7466 or visit the website www.expense-reduction.com.au

More information can be found by visiting:
http://www.expense-reduction.com.au

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