Commercial Insurance
Your investments are your lifeblood and protection of profit is paramount - so it is important to insure them intelligently. Corporate governance requirements are escalating and, when considering providing finance, lenders are placing increased emphasis upon risk management.Insurance due diligence requires far more thought than it often receives. Given the growing complexity of risk management, it is important that you have access to specialists with the knowledge and expertise to aid your understanding of the risk transfer solutions available, and who offer independent advice and analysis to help identify and minimise the risk exposures. The cost of inefficient due diligence can be high and can leave shareholders seriously exposed, both financially and legally.
We are experienced in this field, with qualified personnel who offer an innovative approach to problem solving. Our services include advice and recommendations on:
Our core philosophy is to provide our clients with a truly personalised service; something that our independent status allows us to provide. We can guarantee named contacts for your day to day business dealings and will conduct a thorough on-site review to enable us to accurately identify your needs and requirements. Our size and standing in the market allows us to obtain preferential rates with insurers and our independence enables us to concentrate on providing our clients with a quality service. Recent Mergers and Acquisitions within the Insurance Broking world have reduced the number of truly Independent Brokers like us, with the ability to give a personal and local service.
A number of recent case studies we have been involved in are detailed below:
Case Study 1:
A sandwich manufacturer being purchased on a 10 x multiple of profits. Their premises (like many in the food sector) were largely constructed using composite panels, which, whilst efficient and hygienic are highly combustible and difficult to extinguish in the event of a fire. Following fatalities to fire fighters, the fire brigade decided they would only contain composite panel fires unless there was imminent threat to life. Insurers consequently increased their premiums in this sector by up to 400% to reflect the increased risk. We highlighted a potential rise in premium from £250,000 to £1,000,000 and the consequent effect on the purchase price. (i.e. 10 x gross profit = £7.5m).
More case studies here
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