IIGL’s Looking For Bright Sparks

Incorporated Insurance Group

IIGL’s Looking For Bright Sparks

Incorporated Insurance Group (IIGL) are delighted to announce the launch of a new Electrical Contractors Liability product to help regional brokers compete with trade association insurers.

Mike Smith, CEO of IIGL, outlined the reason for the new product launch ‘Over the past five years, we have become well known for winning new business on our Construction based ‘All Incorporated’ product which wraps up all the contractors covers under one policy. However, one area our brokers struggled to win business is Electrical Contractors, as many are tied in to their trade associations insurer’.

Electrical Contractors can often provide an array of services from their commercial and residential client base. Many will undertake work as part of the 1st and 2nd fit outs on building projects, however they will also attend power shortage emergencies or fit fire and alarm systems. The variance of their work, the design of their systems and the potential to work at height and with heat means many insurers do not have products that adequately cover them.

Mike Smith continued ‘With our new policy, we’ve reviewed the Electrician’s exposures and incorporated additional covers such as Defective Workmanship, Financial Loss, Customers Goods and Efficacy Cover to our already wide policy wording which can include much needed covers like Professional Indemnity, D&O, Debt Recovery and cover for their workshop. New clients will also receive a £250 voucher to access our Health & Safety services’.

The new scheme will be launched by the MGA in May and will target well run, established Electricians by offering discounted rates to those who have membership to trade associations, good health & safety knowledge and a proven claims free track record.

Mike concluded ‘As we don’t have a direct arm, we need to listen to our brokers and help design products to help our brokers grow so that we in turn can grow our own business. Having already launched HVAC this year, this is the second of a series of products IIGL are launching in 2018 that have been specifically designed to provide easily accessible insurance solutions which help our regionally based brokers to win and retain business’.

About Incorporated Insurance Group Ltd

Incorporated Insurance Group are a traditional MGA based in Essex and are part owned by the employees ensuring all members of the team are focused on delivering a top-quality service to our regional broker partners.

Established in 2012, the team’s extensive technical knowledge and many years’ experience in UK insurance market has enabled them to obtain highly competitive binding authorities from well established ‘A’ rated insurers. They deal exclusively with the needs of brokers and give them the support to survive and build their businesses in an ever-increasing competitive insurance market.

They operate an ‘open house’ policy with their in-house underwriters and other key individuals including senior managers and executives, each of whom have the power to make instant decisions thus enabling their broker relationships to grow and strengthen.

Although IIGL is a dynamic technology enabled company, they will never step away from having an old fashioned flexible underwriting approach towards business. Whether dealing with brokers online or face to face, they believe traditional business ethics should always come first.