How long do Hiscox insurance claims take?
Hiscox assigns a specialized claims professional to your claim and will contact you within 2 business days to hear about your situation, explain next steps and answer questions.
What is Hiscox DD?
Hiscox are a leading specialist insurer underwriting a range of commercial and personal lines risks. We pride ourselves on the relationships we have with our brokers. A relationship built on the integrity of the work that we do, and the expertise that our brokers are able to bring us.
Where are Hiscox based?
Bermuda
Hiscox is headquartered in Bermuda and is an international specialist insurer, underwriting a diverse range of personal and commercial insurance risks.
How does claims made insurance work?
A claims-made policy is an insurance policy that covers an insured for claims on active policies, regardless of when the claim event occurred. Occurrence policies cover the insured for claim events occurring during the life of the policy or a specific period, even if a claim is filed on an inactive policy.
What triggers a claims-made policy?
Claims-Made Policy — a policy providing coverage that is triggered when a claim is made against the insured during the policy period, regardless of when the wrongful act that gave rise to the claim took place. (The one exception is when a retroactive date is applicable to a claims-made policy.
Which is better occurrence or claims made?
Occurrence Example An occurrence policy is typically more expensive than claims-made policy because there isn’t a limit on the time a claim must be reported. There’s no advantage to having a claims-made coverage over occurrence coverage, and vice versa.
Where can I file a claim with Hiscox?
Hiscox allows customers to file claims at anytime online, by phone during regular business hours, or by mail. Their customer service department is available at generous hours, Monday-Friday. The carrier’s social media presence extends across Facebook, Twitter, and LinkedIn, which makes them even more available to customers.
What are the pros and cons of Hiscox Insurance?
Hiscox pros: Long-standing carrier with almost 120 years worth of experience in the insurance industry. Highly rated by AM Best and the BBB. Offers several types of coverage including professional liability insurance, cyber security insurance, and workers’ comp. Offers claims reporting via phone, online, or by mail.
Who are the claims underwriters for Hiscox London market?
Each claims underwriter takes responsibility for the cases that they handle and ensures service is provided in a timely and efficient manner in all aspects of dealing with customers. We are a people business and we never forget that fact.
When did Hiscox win claims initiative of the year?
In 2015, Hiscox was winner of the Claims Initiative of the Year award in recognition of the work the Property Claims team did in order to help them achieve their goal of ‘Creating Customers for Life’.