Incorporated Insurance Group Ltd (IIGL) are delighted to announce that they are today (2nd September 2013) launching a new Contractors All Risks (CAR) scheme to support their ever growing broker base.
Dean Surridge, Head of Contractors Underwriting at IIGL, commented ‘The product came about as we had so many broker who were looking for this cover. Over 50% of the enquiries we see have a CAR cover request attached so it’s an important class for brokers. Contractors All Risks can often be a problem for brokers to place as the product sits somewhere between the liability department and the engineering department in many insurance companies so many simply choose not to provide this much needed cover. As specialists in the Contractors market, IIGL realised that this was an important cover we needed to provide our brokers so we are pleased to be able to launch this new scheme from today.
Dean continued ‘The scheme is exclusive to IIGL and backed by an Standard & Poor’s ‘A’ rated insurer. It provides cover anywhere in the European Community for contracts up to £5m. The product is looking to help brokers write a wide range of cases with a minimum premium starting at just £500, plus I.P.T.’
CONTRACTORS ALL RISKS SCHEME
- Exclusive Scheme to IIGL
- ‘A’ Rated Insurer
- Minimum Premium £500, plus I.P.T.
- Cover up to £5m any one contract
- Own tools over up to £250k
- Employees tools up to £50k
- 20% Escalator Clause
- Automatic reinstatement
- Cover anywhere in European Community
Mike Smith, CEO of IIGL, concluded ‘We are starting to build a great reputation as a broker champion and this product is yet another example of how we listen to our brokers and build our products to help them get more clients. It’s great news for IIGL and great news for regional brokers.
