British Insurance Brokers’ Association Schemes and ... · 5 BIBA Schemes Caravanning is increasingly a holidayCaravan – of choice and static and touring caravan insurance gives

British Insurance Brokers’ Association

Schemesand Facilities brochure

Exclusive to membersThe best insurance is a BIBA broker

www.biba.org.uk

Member helpline: 0844 77 00 266

BIBA SchemesIntroduction.................................................... . ..................................................................... 4

Scheme ProviderCaravan–TouringandStatic(BIBACaravan)... KDreweInsuranceBrokersLimited............... 5CommercialPackageandCombined............. TowergateUnderwriting................................ 6CrisisControl.................................................. ISSDamageControl..................................... 7Cyber-Liability................................................. CFCUnderwritingLimited............................. 8Directors’andOfficers’Liability....................... BluefinInsuranceServicesLimited................ 9EnvironmentalLiability.................................... GallagherEnvironmental............................. 10ExcessPublicandProductsLiability............... CNAInsuranceCompanyLimited............... 11GroupPersonalAccidentandBusinessTravel........................................ ACEEuropeanGroup................................. 12HaulageandLGVInsurance(MotorRISK)........ BluefinInsuranceServicesLimited.............. 13HighNetWorth............................................... SterlingInsuranceCompanyLimited........... 14HolidayTravel................................................. TokioMarineEuropeInsuranceLimited....... 15LateNightEntertainment(ClubPM)................. Tasker&PartnersLimited............................ 16LetProperty(BIBALet).................................... BarbonInsuranceGroupLimited................ 17LossRecoveryInsurance................................ Lorega........................................................ 18MarineCargo................................................. NorthernMarineUnderwritersLimited......... 19NonStandardProperty................................... BureauInsuranceServices.......................... 20TemporaryMotorCover.................................. TemporaryCover........................................ 21UnoccupiedProperties................................... CamberfordLawplc................................... 22

BIBA FacilitiesIntroduction.................................................... . ................................................................... 23

Facility ProviderInsuranceRatingsView................................... . Standard&Poor’s....................................... 24PersonalLinesAdministration......................... . EquityDirectBrokingLimited...................... 25PremiumFinance............................................ . PremiumCreditLimited.............................. 26ResearchComparison.................................... . Defaqto...................................................... 27Telecoms........................................................ . DaisyTelecom............................................ 28ValuationServices.......................................... . CunninghamLindsey.................................. 29

The BIBA Professional Indemnity initiativeIntroduction.................................................... . ................................................................... 30

PI initiative ProviderBIBA-accreditedPIbroker.............................. . HowdenInsuranceBrokersLimited............ 31BIBA-accreditedPIbroker.............................. LocktonCompaniesInternationalLimited... 32BIBA-accreditedPIbroker.............................. TowergatePartnershipLimited.................... 33

Contents3

BIBASchemes4

DearMember

BIBASchemesprovideexclusiveproductsthataddvalueandprovidenewopportunitiesformembersbyofferingaccessthatmaynototherwisebeavailable.

BIBAhasnegotiatedbespokeproductswithanumberofspecialistserviceproviderstooffermembersawiderangeofexclusiveschemestooffertoyourclients.Theseaddstrengthtoyourbusinessbyprovidingyouwiththeessentialtoolsyouneedtoretainacompetitiveedge.

BIBA Schemes are:– exclusivetomembers– quickandeasytouseandsell– specificallytailoredtomeetmembers’andtheirclients’needs– availableviathetraditionalpaperrouteandmanyarealsoavailableviatheinternet– recommendedbyBIBA’sGeneralInsuranceBrokers’Committee– unique– opentoallmembersirrespectiveoftheirgeographicallocation– availablewithnominimumlevelofsupport.

Schemes offer:– increasedbusinessopportunities– excellentservice– adviceandsupportfromtheexperiencedschemeprovideronsellingtheproduct– accesstoagenciesanduniquemarkets– competitivepremium– market-leadingproducts– greaterprofitability.

Everyschemeisspecificallyselectedtoprovidememberswithproductsthatwilladdvaluetotheirbusiness.AllincomederivedfromBIBAschemesisinvestedstraightbackintomembership.

Eric GalbraithBIBAChiefExecutive

BIBASchemes5

Caravanningisincreasinglyaholidayofchoiceandstaticandtouringcaravaninsurancegivesastutebrokersaprofitableextraproductoffering.KDrewemakesiteasyforyouwithafullonlinesolutionbackedupwithmorethan50years’experienceinthecaravaninsurancemarket.

– User-friendlyweb-basedsolutionbackedbypersonalservicefromourspecialistteams

– System-drivenunderwriting(nomoreunwieldyguides)andcompleteonlineprintingofalldocuments

– Comprehensive,flexiblecover;yourcustomerschoosewhatsuitsthem

– Competitiverateswithvariousdiscountoptions– Theperfectschemeforyouandyourcustomer–

JustClick…Click…Cover!

–Caravan – Touring and Static–K Drewe Insurance Brokers Ltd–Diane Simmons–The Post House, 14 Load Street,

Bewdley, Worcestershire, DY12 2AE–0845 330 3173–0845 498 5926–[email protected]–www.bibacaravan.co.uk

Caravan – Touring and Static (BIBA

Caravan)

SchemeProviderContactAddress

TelephoneFax

EmailWebsite

BIBASchemes6

TowergateCommercialUnderwritingbelievesinhelpingtomanagetherisksthatbusinessesface.ThisgivesBIBAmembersastrongdifferentialinthemarketofferingTowergateCommercialUnderwriting’suniqueriskmanagementpackage–includedautomaticallyinyourclient’scover.

– Enhanced/negotiablecommission– Allbusinesstransactedonline– Market-leadingwording– StatementofFact–nosignatureneeded– Freetrainingprogrammes,includinghealthandsafetytraining– Competitivepricingwithpricematchofexistingtermsfor

accounttransfers,flexiblenewbusinessratingand£250+IPTminimumpremium.

Coverisavailableforoffices,retailers,guesthouses,surgeriesandcommercialcombined.

–Commercial Package and Combined–Towergate Underwriting–Justin Wright–The Octagon, Middleborough,

Colchester, Essex, CO1 1TG–0844 892 0965–0844 892 0966 –justin.wright @towergate.co.uk

Commercial Package and

Combined


TelephoneFax

Email

BIBASchemes7

CrisisControlhelpstominimisethedamageandanyfurtherlossatthetimeoffire,floodornaturaldisastersbyofferingfastandexpertmitigationanddecontaminationservices.

– Fourmanhoursoffreeemergencymitigationwork– Expertdisastersupport24/7,365daysayear– GuaranteedUK-widesiteresponsewithinjustfourhours– Priorityresponseoverothers– Expertdamageconsultation–free– Damageassessmentreportandcostswithin24hoursofsitevisit.

–BIBA Crisis Control–ISS Damage Control–Paul Bradshaw–Unit 4, Power Park, The Towers Business Park,

Rugeley, Staffordshire, WS15 1UZ–01889 570777–01889 572657–[email protected]–www.iss-damagecontrol.co.uk

Crisis Control


TelephoneFax

EmailWebsite

BIBASchemes8

Increasingrelianceontechnologytorunbusinesseshasgivenrisetoanewbreedofrisksthatarenotcoveredbytraditionalinsurancepolicies.Inadvertentlossofsensitivedata,accidentalormaliciousdamagetodata,businesssystemsinterruption,electronicfraud,andmedialiabilityarisingfromtheuseofemailandinternetallpresentcompanieswithnew,uninsuredrisks.

Esurance(r) C & P from CFC Underwriting provides:– coverforcivilliabilityarisingfromdatabreaches– coverforcontractualfinesandpenaltiesarisingfrom

breachesofprivacy– systemrepairandrestorationcoverintheeventofaccidental

damagetodata,includingacomputervirusorhackattack– coverforyourlostrevenueresultingfromacomputervirus

orhackattack– electronicfraudcoverage– coverforyourliabilityarisingfrombreachesofstatutory

e-commerceduties.

–Cyber Liability–CFC Underwriting Ltd–Scott Sayce–85 Gracechurch Street, London, EC3V 0AA–020 7220 8500–[email protected]–www.cfcunderwriting.com

Cyber Liability


TelephoneEmail

Website

BIBASchemes9

BluefinhasteamedupwithBIBAtoofferadirectors’andofficers’(D&O)insurancescheme,designedtoprovidecoverforlegaldefencecosts,andwhereappropriate,anyfinalsettlementorcompensationawardintheeventofaclaim.

– Onlinequoteandbindsystem– 27%commission– Fullynon-rescindableintheeventofnon-disclosure– Pre-investigationcostscovered– Entitycoverof£250,000isautomaticallyincluded.

PolicyincludesacontinuouscoverclauseresultinginnolossofcoverwhereapolicyistransferredtoBluefinfromanotherinsurer.

–BIBA D&O–Bluefin Insurance Services Ltd–Laura High –14 Kings Court, Willie Snaith Road,

Newmarket, Suffolk, CB8 7SG–01638 782465–[email protected]–www.bluefingroup.co.uk

Directors’ and Officers’

Liability


TelephoneEmail

Website

BIBASchemes10

Environmentalliabilityinsurance(orpremisespollutionliability)hastraditionallybeenexpensiveanddifficulttoobtain–thisisnolongerthecase.bibaenvironmental.comprovidesaccesstopreferentialpremiumsandcoverviaACEonline.

– Complementary/compensatorydamage(includingbiodiversitydamage)asrequiredbytheEuropeanEnvironmentalLiabilityDirective2007–nowimplemented.

– GradualPollutioncovercanbeprovidedforoperationalrisksgoingforwardandhistoricalrisks(retrospectively).

Cover highlights:– costsincurredfollowingthediscoveryofpollutiononandoff-sitewhere

aclean-upisimposedbyregulatorsorrequiredbythirdparties– liabilityforthird-partybodilyinjury,propertydamageand

clean-upcosts.

USPs for BIBA members:– specialistBIBAmemberpremiumsstartat£400+IPT– freeinclusionofafirst-partybusinessinterruptionextension– quotedandboundonlinewithinstantpolicyissue– bespokequotesofflineforlarge/internationaloperations,

contractors,pollution,liabilityandhistoricalcoverforproblemsites.–Environmental Liability–Gallagher Environmental–Jo Newson/Lorraine Thomson–6 Alie Street, London, E1 8DE–020 7204 6096–020 7204 1801–[email protected]–www.bibaenvironmental.com

Environmental Liability


TelephoneFax

EmailWebsite

BIBASchemes11

Cnaexcess.co.ukprovidesmemberswithquickandeasyaccesstoaffordableexcessPublicandProductsLiabilityinsuranceforsmalltomediumsizedUK-basedbusinesses.

The benefits of cnaexcess.co.uk include:– quoteandbindcoveronlineforover1,600businesses– availableforcompanieswithupto£50millionturnover.

HigherturnoverscanalsobeboundonlinefollowingapprovalfromaCNAunderwriter

– upto£10millionadditionalcoveravailableabovetheunderlyinglimit

– bindmid-termadjustmentsandmanageyourrenewalsonline– allmajorinsurers’wordingsaccepted.–cnaexcess.co.uk–CNA Insurance Company Ltd–Louise Shone–9th Floor, Alberton House,

St Mary’s Parsonage, Manchester, M3 2WJ–0161 830 1003–0161 835 2853–[email protected] –www.cnaexcess.co.uk

Excess Public and

Products Liability


TelephoneFax

EmailWebsite

BIBASchemes12

TheACEGroupPersonalAccidentandBusinessTravelschemeprovidesBIBAmemberswithaquick,simpleandcomprehensiveproductsolutionforclientswishingtoprotecttheirmostvaluableasset,theiremployees.

Providingawiderangeofpersonalaccidentbenefitsandeithersingleormulti-tripbusinesstravel,thisfacilitycanbetailoredtosuitSMEsthroughtoblue-chipmultinationalbusinesses.

The key features are:– anenhancedwording,including“rehabilitationandcase

management”and£100,000oflegalexpensescover– dedicatedaccidentandhealthservicingteamprovidingahighlevel

ofbrokerservice,includingonlinefulfilment– market-leadingclaimshandlingandsettlementservice– enhancedpolicypricingwithaBIBAmemberdiscountof7.5percent– accesstoACEBusinessClassAssistanceservices– variablelevelsofcommission.

–Group Personal Accident and Business Travel–ACE European Group–Faye Lovegrove–Ashdown House, 125 High Street,

Crawley, West Sussex, RH10 1DQ–0800 519 9910–[email protected]

Group Personal

Accident and Business Travel


TelephoneEmail

BIBASchemes13

Bluefinspecialisesinsupplyinginsurancesolutionsforthefreightandtransportindustry.TheBIBAschemeoffersmotorinsuranceforlargegoodsvehicles(over5tonnes)whethertheyarecarryinggoodsforotherpeople,oronanowngoodsbasis.

– Competitiveratesforhaulageandskipandwastetrades– Introductorydiscountsfornewventures– Canaccommodatevehiclesthatcarryhazardousgoods

(excludingUNclasses1and7)– Automaticattachedanddetachedtrailercover– CanaccommodatevansforowngoodswhereweinsureaHGV– EnhancedcommissionforBIBAmembers.

–MotorRiSK BIBA–Bluefin Insurance Services Ltd–Samantha Todd –14 Kings Court, Willie Snaith Road,

Newmarket, Suffolk, CB8 7SG–01638 782217–[email protected]–www.bluefingroup.co.uk

Haulage and LGV

Insurance


TelephoneEmail

Website

BIBASchemes14

Executive Homeprovidescoverforclientsthathavecontentsworth£75,000andabove.Executive Plusprovidesexceptionalcovertoclientsthathaveacquiredpossessionswithavalueof£200,000ormoreorpaymorethan£2,000premiumperannum.

Executive Home includes:– homeemergencyandidentitytheftcover– unlimitedalternativeaccommodationandtraceandaccesscover– acomprehensivefineartandantiquesectionincludingnew

purchases,deathofartistanddefectivetitlecover.

Executive Plus includes:– extendedreplacementonbuildingsandcontents– afreewalk-throughvalidationbyLyon+Turnbull– Loregaclaimsconciergeserviceandanallinclusivecrisis

managementsectionincorporatingRed24– anupgradedreplacementofjewelleryoption.

–BIBA High Net Worth–Sterling Insurance Company Ltd–Mark Arends–50 Kings Hill Avenue, Kings Hill,

West Malling, Kent, ME19 4J–0845 271 1445–0845 271 1467–[email protected]–www.sterlinginsurancegroup.com

High Net Worth


TelephoneFax

EmailWebsite

BIBASchemes15

TheenhancedBIBAProtectTravelInsurancescheme–nowincludingfinancialfailureprotectionasstandard–offersyoutraditionalpadsoraweb-basedsolutionthatenablesyoutoselltravelinsurancethroughyourownbrandedwebsite,upgradepoliciesmid-termandrenewonline.YouwillalsohaveaccesstobespokeunderwritingviadecisionmakingunderwritersatTokioMarineEuropeInsuranceLimited.

– Agelimit85forsingletrippolicy,75forannualmulti-trippolicyandindependenttravelpermittedforallinsuredpersons,includingchildren

– Afamilypolicycancoverdependentchildrenundertheageof24yearsifstillinfull-timeeducation,andinfantsagedunderfouryearsarecoveredforfreeonanyadultpolicy.Singleexcessappliesperfamily,perincident

– Noterrorismexclusion– Manyhazardoussportsincludedasstandard– Pre-existingmedicalconditionsmaybecovered,subjectto

medicalscreening– Coverfortheinsolvencyoftheairlineandotherendsuppliernot

formingpartofapackageholiday.

–BIBA Protect Travel Scheme–Tokio Marine Europe Insurance Limited–Geoff Chapman and Dipesh Patel–150 Leadenhall Street, London EC3V 4TE–020 7398 2944 / 020 7398 2948–020 7398 2940–[email protected]–www.tokiomarine.co.uk

Holiday Travel


TelephoneFax

EmailWebsite

BIBASchemes16

ClubPM,ClubEXandNightscenearethesuiteofproductsspecificallydesignedforlatelicencedvenues,providedbyTasker&Partners.Withever-changinglicensingrequirementsandawiderangeofvenuetypeswecanprovidetherightproductforyourNightclub,Gentlemen’sCluborLateNightBarcustomers.

– Quotationsandcovercanbearrangedandboundonline– AgreeTermsofBusinessandbeupandrunningonlineinminutes– Ourproductsfeaturelowexcessesandhighly

competitivepremiums– Uniquecoverextensionsandincreasedcommissionfor

BIBAmembers– FreeRiskManagementProgrammeforClubPMpolicyholders– Underwritten100%byLloyd’sexclusivelytoBIBAmembers.

–ClubPM Late Night Entertainment Scheme–Tasker & Partners Ltd–Lucy Wise and Barry Reynolds–70 St Mary Axe, London, EC3A 8BE–0207 623 4133 –[email protected]–www.clubpm.co.uk

Late Night Entertainment


TelephoneEmail

Website

BIBASchemes17

Manylandlordsdonothavetheappropriatetypeorlevelofcoverinplacetoprotecttheirinvestment.

AtBIBALetwespecialiseinprovidingtailor-madesolutionsfortheresidentialletmarket.

Coverincludeslandlords’buildings,contents,blocksofflats,tenants’contents,UKholidayhomes,legalexpenses,rentguarantee,homeemergencyandresidentialportfolios.

– Competitiveratesforprofessionaltenants,DSS,studentsandunoccupiedproperties

– EnhancedcommissiondealsforBIBAbrokersandnominimumvolumeforanagency

– Onlinequoteandbuysystem– Dedicatedteamofferingaswiftandpersonalisedservice– Claimsaccounthandler.

–BIBALet–Keelan Westall, a division of

Barbon Insurance Group Limited–Matthew Wiles, Customer Relationship Manager–9 Highview, High Street, Bordon, Hampshire, GU35 0AX–07825 682238/01420 488288–01420 488072–[email protected]–www.bibalet.co.uk

Let Property

SchemeProvider

ContactAddress

TelephoneFax

EmailWebsite

BIBASchemes18

LoregaistheUK’sleadingindependentproviderofspecialistproductsandservicesforthehandlingofpolicyholderclaims.Thiscoversthefeesofafully-qualifiedindependentlossadjustertoprepareandnegotiateyourclients’materialdamageandbusinessinterruptionclaims.

– NowincludesafreeclaimshelplineserviceexclusivetoBIBAmembers

– Allowsyoutotakecontrolovertheclaimsfunctionandprovideexceptionalservicetocustomers

– Immediatecontactwiththeclientafterthelossisreportedtousandaclientvisitwithin24hours

– Highquality,fullyqualifiedlossadjustersdedicatedtodealwithallaspectsoftheclaim

– Provides24/7nationwidesupport– Dramaticallycutsdownthetimeandenergyyouspendonclaims– Providesacompletelynewrevenuestream.

–Loss Recovery–Lorega–Lee Bennett, Associate Director–8th and 9th Floors, 36 Leadenhall Street,

London EC3A 1AT–07881 781750 / 020 7767 3070–020 7655 2800–[email protected]–www.lorega.com

Loss Recovery

Insurance


TelephoneFax

EmailWebsite

BIBASchemes19

CargoSprintprovidesmemberswithano-nonsenseonlinecargoproductunderpinnedbythe2009InstituteCargoClausesthatdeliverseaseofadministrationandimmediatePDFpolicydocumentation.

Crucially,unlikeotherweb-basedproducts,itoffersfarmorethananinflexibleone-size-fits-alltransaction,andtrulyfacilitatesthenegotiationprocess,allowingfullpresentationofriskdetailsandforcovertothenbetailoredaccordingly.

Members benefit from:– enhancedcommissionlevels– accesstolocal,specialistunderwriters– ano-nonsensewordingthatcanstillbetailoredtoindividual

policyholderneeds– onlinerisksubmissionandpolicyadministration– onlinedocumentproduction–deliveringcontractcertainty– onlineclaimsnotificationandadministration.

–CargoSprint–Northern Marine Underwriters Ltd–Peter Oddy–NMU House, 380 New Hythe Lane, Kent, ME20 6RZ–01622 710181–[email protected]–www.nmu.co.uk

Marine Cargo


TelephoneEmail

Website

BIBASchemes20

Covers three of the hardest non-standard property insurances to place:

– PUPS(PreviouslyUnderpinnedProperties)insuranceforsubsidence-impairedhomes

– Flood insureforpropertiesthatarepronetoflooding– Fairplayhouseholdinsuranceforproposerswithcriminalconvictions– Coverofferedforrisksthatmostinsurersdecline– Choiceofcommissionornetratedpolicies– Surveysandunderwritingcarriedoutin-house.

–BIBA “Real” Non Standard Household–Bureau Insurance Services –Karen Crouch (PUPS & Flood Insure)

Terry Browning (Fairplay)–Bureau House, 49-51 St Leonards Road,

Bexhill-on-Sea, East Sussex, TN40 1JA–0845 300 6127 (PUPS & Flood Insure)–01424 220110 (Fairplay)–01424 217017–[email protected]

Non Standard Property

SchemeProviderContact

Address

TelephoneTelephone

FaxWebsite

BIBASchemes21

TemporaryCoveristheleadingproviderofshort-termmotorinsurance,offeringprivatecarandvandriverscoverfromoneto28days.

BIBA member benefits include:– astreamlined‘quoteandbuy’websitewhichsimplifiesthesales

processforbrokersandcustomers– driversagedbetween21-75covered– protectsno-claimsbonus– documentationemaileddirectlytocustomer– exclusivepolicyfeaturessuchasbreakdown,EUcover,personal

accidentandmanymore– brokerssetuptheirrequiredfeeswhichisaddedtothebasic

premiumonline,feesarethenpaidbymonthlystatement.

Forfurtherinformationortoaccessthesimpleregistrationprocess,gotowww.tempcover.com/TempCover/tcvRegisters.aspx

–Temporary Motor Cover–Temporary Cover–Alan Inskip–Fyfe House, St. James Road, Fleet,

Hampshire, GU51 3QH–0844 573 0000–[email protected]–www.tempcover.com

Temporary Motor Cover


TelephoneEmail

Website

BIBASchemes22

Providingacomprehensivepackageofinsurancecoversforbothcommercialandresidentialunoccupiedproperties.OfferingextremelyfavourableschemeratesandunderwrittenbyA+ratedinsurers,covercaninclude:

– fullperilsavailableformostproperties– facilitytoplacelargerisks– covercanbeextendedtoincludelandlord’scontents– propertyowner’sliabilitygivenasstandard– terrorismcovercanbeincluded– fast,reliable,andefficientturnaroundofquotations.

–Unoccupied Properties–Camberford Law plc–Alex Smith–Lygon House, 50 London Road,

Bromley, Kent, BR1 3RA–020 8315 5000–020 8460 2118–[email protected]–www.camberfordlaw.com/properties

Unoccupied Properties


TelephoneFax

EmailWebsite

BIBAFacilities23

BIBAFacilitiesofferaccesstoexclusiveservicesthataddvalueandreducecosts.BIBAhasnegotiatedbespokefacilitieswithanumberofspecialistproviderstooffermembersawiderangeofexclusiveservices.BIBA’sFacilitiescollectionaddsstrengthtoyourbusinessbyprovidingyouwiththeessentialtoolsyouneedtoretainacompetitiveedge.

BIBA Facilities are:–apracticalresourcetohelpbrokers–designedtohelpyourbusiness–specificallytailoredtomeetmembers’needs–selectedbybrokersforbrokers.

Facilities offer:–firstrateservice–specially-negotiatedrates–providerswhoareexpertsintheirfield–opportunityforincreasedincome–reducedbusinessexpenses.

Eachfacilityhasitsownindividualbenefits,allowingyoutoimproveyourbusinessperformancethemost.

Eric GalbraithBIBAChiefExecutive

BIBAFacilities24

InsuranceRatingsViewisabespokeinsurersecuritycreditratingserviceforBIBAmembers.

– RatingsViewisareal-timewebsourceforobjectiveratingsandanalysis

– Ratingsonmorethan100UKandIrishinsurers– AssessmentsonLloyd’ssyndicates– Instantaccesstothelatestratings,researchandkeyfinancials

fromStandardandPoor’sanalysts– Optionalemailalertsthatwillinformyouofanyratingchanges– Discountformultiplepurchases.

–Insurance RatingsView–Standard & Poor’s–Christina La Rocca –20 Canada Square, Canary Wharf, London E14 5LH–020 7176 7022–020 7176 8570–[email protected]–www.standardandpoors.com

Insurance RatingsView


TelephoneFax

EmailWebsite

BIBAFacilities25

Ifindividualprivatecarorhouseholdinsuranceisnotyourmainbusiness,youshouldfindoutmoreaboutthisfacility.Wecanadministeryourexistingbookandpayyoucommissionforthelifeofthebusiness,leavingyoutoconcentrateonyourspecialisation.Wecanevencrosssellforyou,too.

– EnhancedcommissionforBIBAmembers– Commissionpayableforthelifeofthebusiness– Competitivepremiums,ensuringhighconversionandretention– Reducedstrainonresources– Reducedadministrationcostsandmaximizedincome– Morethan40years’personallinesexperience.

–Personal Lines Administration–Equity Direct Broking Ltd–Steve Young–Library House, New Road,

Brentwood, Essex, CM14 4GD–01277 206176–01277 240898–[email protected]–www.equitygroup.co.uk

Personal Lines

Administration


TelephoneFax

EmailWebsite

BIBAFacilities26

PremiumCreditisthepremiumfinancecompanyendorsedbyBIBAformembers.Withover1.5millioncustomers,grossadvancesof£3billionin2009andmorethan15milliondirectdebitsprocessedeachyear,wearethenumberonepremiumfinancecompanyintheUKandIreland.BIBA members benefit from:

– premiumfinanceavailableoncommercial,personallinesandprofessionalindemnitypolicies

– financecommission–opportunitytoincreaseyourearnings– onlinetrading–systemsintegratedwithallmajorsoftwarehouses– transparentpricing–nohiddencharges– opportunitytospreadthecostofyourBIBAmembershipfees.

–Premium Finance–Premium Credit Ltd–Cristian Jackson–60 East Street, Epsom, Surrey, KT17 1HB–0844 736 9836–01372 746033–[email protected]–www.premiumcredit.co.uk

Premium Finance


TelephoneFax

EmailWebsite

BIBAFacilities27

Defaqto’sEngageGIBrokerEditionisauniquedevelopmentwithinthebrokermarket,designedtohelpyouincreasenewsalesandrenewalrevenuebygeneratinggenuine,onlineandup-to-datewholeofmarketcomparisons.

BIBAmembersreceiveanexclusivereducedrate,aswellasextramodulesandenhancedservicefeatures.

Defaqto Engage GI Broker Edition includes:– reportproductiontomeetclients’demandsandneeds– coverageofpersonalandcommerciallineproducts– researchofuptofourproductsatatime,includingdirectwriters,

non-brokerproductsandotherbrandedpolicies– onlineandup-to-dateinformation,accessiblefromanycomputer

withaninternetconnection– freetrainingandsupport– 14-dayfreetrial.

–Research Comparison–Defaqto –Roger Perry–Financial Research Centre, Haddenham,

Business Park, Haddenham, Bucks, HP17 8LJ–0808 1000 804–01844 295 555–[email protected]–www.defaqto.com

Research Comparison


TelephoneFax

EmailWebsite

BIBAFacilities28

DaisyisamarketleaderservingtheneedsoftheUKbusinessmarketandprovidesintegratedvoiceanddataservicestoover10,000customersviaafullsuiteofproducts.

Daisydeliverscost-effectivesolutionswithunrivalledcustomerserviceandhasafreshapproachtodeliveringbusinesscommunicationsthataddvaluetoyourbusinessandmeetanybusinesschallenge.

– Costefficiencywithtransparentpricing– Businessfocusedproducts–ourproductsaredesignedwiththe

businesscommunityinmindandassuchhavethequalitythatbefitsyourorganisation,whateveryoursize

– Adedicated,fulltailoredservicewithminimumcostandfuss– Qualityandexcellencearekey– OutstandingcustomerservicefromourUKcallcentrewith

apersonaltouch.

–Telecoms–Daisy Telecom–Isi Iredia–5 Roundwood Avenue, Stockley Park,

Uxbridge UB11 1FF–Tel: 08000 213 888–[email protected]–www.Daisyplc.com

Telecoms


TelephoneEmail

Website

daisyTM

BIBAFacilities29

BIBA’sValuationServices,providedbyCunninghamLindsey,hashighlightedover£1.1billionofunderinsuranceon1,350completedvaluations.Thismeanspotentiallycatastrophicconsequencesforcustomersandtheirbusinesses.ValuationServicesprovideaswiftandaccurateassessmentofrebuildingcoststoallowthesumsinsuredtobesetcorrectlyto:

– protectfromoverorunderinsurance– safeguardagainstPIclaimsbyrelyingonprofessionaladvice– complywithFSAcompetencyrequirementsbytheuseof

charteredprofessionals– providepeaceofmindforpolicyholdersregardingadequacy

ofsuminsured– differentiateyourofferingtonewandexistingclientswithan

innovativevalue-addedservice.

–Valuation Services–Cunningham Lindsey–Luke Lockhart –1 The Osiers Business Centre,

Laversall Way, Leicester, LE19 1DU –0845 641 4975–0845 641 4974–[email protected]–www.cunninghamlindsey.com

Valuation Services


TelephoneFax

EmailWebsite

TheBIBAprofessionalindemnityinitiative30

TheBIBAPIinitiativehashelpedcountlessmemberswithPIproblems.Theinitiativeisnotonlyaboutinsurance.Itisalsoaboutunderstandingthemostcommoncausesofclaims,whatmeasurescanbetakentoavoidthemandhowtoarrangeanappropriatepolicyforyourbrokerage.TheBIBAwebsitehasadedicatedmembers’PIsectionwithfurtherresourcesformembers.

The BIBA PI initiative assists members:–attainoptimumpolicyprotectionfromtheinsurancemarketin

relationtoinsurancecoverageforprofessionalliabilityrisks–becomeawareoftherisksassociatedwithbeinganinsurancebroker–avoidbreachesofregulationandclaimsofnegligence–withthenotification,managementandnegotiationofclaims–withdisputesoverPIpolicycoverage–withthemanagementofrisk–inunderstandingtheirrole,dutiesandobligationsasainsurance

intermediaryregulatedbytheFSA–achievehighstandardsofcompetenceandpractice.

What can I learn from the PI initiative?MembershaveaccesstotheBIBApanelofexpertsinPIriskandinsurance.Whateveryourproblemorquestion,whetheritconcernsaclaim,anotification,adisputeoverpolicycoverageorsimplywantingadviceongoodpracticeandriskmanagement,theanswerisonlyaphonecallaway.

BIBAhasappointedthreeaccreditedbrokerstoprovideacompetitive,specialistresourceformembers.

Eachbrokerisselectedfortheirprovenknowledgeofprofessionalindemnityinsuranceandthemarketsavailable.ThebrokersrepresentbothLondonandregionalinterestsand,betweenthem,awiderangeofinsurersrepresentingafullcross-sectionofthemarket.

BIBA has produced four publications to assist members and these can be downloaded from the BIBA website

British Insurance Brokers’ Association

The best insurance is a BIBA broker

www.biba.org.uk

Member helpline: 0844 77 00 266

Professional indemnity initiative Facts about limitation of liability

Volume 4

PII_2009_p1-20 JK.indd 1 31/03/2010 10:33


Howden Insurance BrokersHowdenispleasedtobeselectedbyBIBAtoprovidePIcovertoitsmembers.Howdenisaleadingexpertinprofessionalindemnityprovidingin-depthknowledge,skillandexpertisetotheirclientswithareputationbuiltonrespondingtomarketneedsandprovidinginnovativepolicies.

Key benefits:– offeringcompetitivepricesthroughanexclusiveschemewith

leadingAA-ratedinsurer,Zurich– fullcivilliabilitypolicy– first-partycoverforFSAinvestigationcosts– coverfor‘non-regulated’activity– 50%reductioninexcessifaclaimissettledbymediation– experienceddedicatedteam,insuringover100brokersand

insuranceintermediariesintheUK.

–Mike Eld–Howden Insurance Brokers Limited,

Bevis Marks House, 24 Bevis Marks, London EC3A 7JB–020 7648 7210–[email protected]–www.howdengroup.com

BIBA -accredited

PI broker

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LocktonIt’sameasureofthequalityofourproductsandourservicethatwehavebeenanappointedandaccreditedPIbrokertoBIBAmembersformorethan20years.

Key benefits:– coverage–comprehensivecoverthroughunique,widerwordings

(policiesincludeinnocentnon-disclosureandFSAinvestigationcostscover)

– cost–premiumsstartfromaslittleas£650– additionalcovers–BusinessInterruption,Cyber-Liability,

PrivacyLiabilitycover– service–ourpeople,alongwithourinnovativeandcreative

approachtoproductdevelopment,haveallowedustosetanindustrystandardtowhichwebelieveothersonlyaspire.

–Neelay Patel–Lockton House,

6 Bevis Marks, London, EC3A 7AF–020 7933 2558–020 7933 0739–[email protected]–www.lockton.com

BIBA -accredited

PI broker

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Towergate Professional Indemnity

Key benefits:– coverfordamagesawardedbyOmbudsman– protectionagainstinadvertentorinnocentnon-disclosure– indemnitycostsofFSAorotherprofessionalbodyinvestigations– dedicatedclaimsservice,providingimmediateandexpertadvice

andsupporttomembersinrespectofanyclaimsorcircumstanceswhichtheyconsidermayfalltobenotifiedundertheirPIpolicy

– riskmanagement–provisionofriskmanagementadvicetoprincipalsandstaffaddressingtherisksissuesarisingfromregulationandcurrentchangestakingplaceintheindustry

– specificallydesignedforsmalltomedium-sizedregionalbrokersandisaimedatprovidingthewidestformofcoveratacompetitiveprice.

–Paul Kirkham–Suite 4B, 1 Portland Street,

Manchester, M1 3BE–0844 892 1789–0844 892 1796–[email protected]–www.towergateprofessionalindemnity.co.uk

BIBA -accredited

PI broker

ContactAddress

TelephoneFax

EmailWebsite

Spring2010

British Insurance Brokers’ Association8th FloorJohn Stow House18 Bevis MarksLondon EC3A 7JB

Consumer helpline: 0870 950 1790Member helpline: 0844 77 00 266Fax: 020 7626 9676Email: [email protected]: www.biba.org.uk

Steve [email protected] 7397 0234

Peter [email protected] 7397 0204

Documents

British Insurance Brokers’ Association Schemes and ... · 5 BIBA Schemes Caravanning is increasingly a holidayCaravan – of choice and static and touring caravan insurance gives