This week we successfully put together an insurance policy for a Scaffolding Company whereby their existing insurance with their current broker was scattered over several policies.
The scaffolder came to Construction Insure because we are a specialist in the high-risk trade insurance sector. After a quick conversation we found out that the client had 3 separate policies. One for Liability, one for plant and one for a 5 million x/s layer.
This not only meant they had different policy dates, but they had crossovers in certain coverage, and, gaping gaps in insurance coverage to. We re-assessed the business needs, ultimately producing a single policy with logical, and more appropriate levels of cover than previously. We added on the xs layer, so their policy would read a straight 10 million limits of cover for public liability, plant insurance and the standard employers and public liability.
Providing better cover at a lower price
What is so impressive is that we managed to produce a policy that not only had superior coverage but, was priced more than 10% lower overall than their previous arrangement. The company was delighted with the result.
Like with all our clients we asked the client if they would like to take out Cyber Insurance and like most of our clients he had no idea what benefit this would have to his business if he was in construction. We proceeded to tell the client about money theft by corruption of invoice and he soon realised that he had a gap in cover and took it out.
Construction Insurance is incorrectly sold by so many brokers, but please be rest assured that at Construction Insure we shall find the right policy that fits and protects your business.