News

IIGL Launches Business Assist Product

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This product suite is designed as a flagship tool for Brokers to win &/or retain business. Not only have we designed the product to allow you to sell a number of additional products in one easy package but we have also created a package that will be hard to replicate at the ‘price point’ which should help you to retain clients.

Business Assist comprises the following covers:

  • Directors & Officers
  • Commercial Legal Expenses
  • Business Emergency Assistance
  • Legal Document Library
  • Health & Safety and Risk Management Consultancy

These products, purchased individually, can cost your clients well over £1,000. We have investigated the costs to your client for these products and have found the following prices in the market:-

Example Open-market costs

PRODUCTSource     Cost
D&OLondon Market £284.08
Commercial LegalLondon Market £112.36
Business EmergencyHome Emergency Provider £96.00
Online Legal DocumentsHigh Street Bank £300.00
Health & SafetyH&S Specialist £418.80
Total Premium £1,211.24

However, your clients can purchase all these products in a simple package for only £250 plus IPT (including commission! – See rates below). To ensure that the product is tailored to your client’s needs, we have designed the product to be flexible so that duplicated covers can be removed on the following basis.

No. of Products Gross Price  
5 £250 + IPT  
4 £225 + IPT  
3 £210 + IPT  
  • Essential cover for all Limited Companies, LLP’s and Sole Traders
  • Excludes Financial Services Companies, Professional Sports Companies & Law Firms or other companies in the legal sector)
  •  SME business with a turnover up to £3,000,000
  • Cover for Commercial Legal Expenses and Business Emergency must attach to the sale of another insurance policy (not necessarily purchased from IIGL)
  • To ensure ease of administration, contract certain quotations and policy documents are issued online via our broker site www.iigl.co.uk

To access our Business Assist Product call us on 0845 519 9050