Commercial insurance underwriting specialist APC will launch its most ambitious product to date, the week commencing 7th December, with what will be one of the broadest commercial combined products in the market.
The product will cater for over 250 different trades from a wealth of areas including wholesalers, distributors, manufacturers, processors, engineering risks and leisure risks. Any risk in the UK that requires property and casualty cover combined can be processed on the new product.
Commercial combined will be available online to brokers via APC’s QuoteMac system which will allow a wide range of cover variations due to the vast number of optional extensions available. The product will be aimed at the SME market place including larger commercial risks that will utilize APC’s £10,000,000 sum insured authority.
Using the new product, APC aims to target the vast amount of referral business within this area. The new product will incorporate combined cover of material damage and public and products liability as standard. It will also cater for multi locations and chain franchises.
Although the product and delivery are wide ranging it is easy for brokers to access and, because the statement of fact has been designed to capture all the information required for a quotation at the start, brokers no longer need to type up lengthy presentations which saves them time.
APC underwriting director Ian Russell said: “Brokers have been crying out for an online auto-quote commercial combined product for a long time. This has been a year in the making and we have genuinely gone all out to ensure this is a best of breed proposition. With the amount of trades available, brokers should easily be able to find what they are looking for quickly and easily.
“A common frustration with auto-rated products and systems is that, unless a risk fits narrowly defined parameters, it cannot be quoted for. What we have done, is build multiple routes within the system to allow quotes that are binding to be issued there and then. As always, APC underwriters are on hand to progress all inquiries beyond that quickly and efficiently.”
