IIGL’s Looking For Bright SparksNews
Posted by: electime 30th April 2018
Contractors looking for an alternative source of insurance can now turn to Incorporated Insurance Group (IIGL) who has announced the launch of a new electrical contractors’ liability product.
Mike Smith, CEO of IIGL, said the product is competitive against trade association’s insurance products covering services from commercial and residential client bases.
According to Smith: “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.
He 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 Smith 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.”