Commercial lines underwriting specialist Arista Insurance has launched an initiative to work more closely with brokers to develop schemes that target insurance needs in particular locations or classes of business.
The launch is marked by a trio of recently completed deals with brokers CRK Commercial Insurance based in Leicestershire and Bury-based Prestige Insurance.
The CRK scheme -HVAC – is designed for heating and ventilation contractors and associated trades. CRK, which is an established specialist in contractors business, chose to partner with Arista to develop the scheme due to its understanding of CRK and its customers’ needs and its ability to develop products and process that suited CRK and its clients quickly. The scheme cover is based on Arista’s Contractors Combined policy with bespoke terms and limits for HVAC scheme policyholders.
Arista has launched two schemes with Prestige, a tenant’s liability scheme and a retail scheme. The tenant’s liability scheme was developed exclusively for Prestige’s growing number of residential lettings clients via its website, Complete Lettings Solutions. The retail scheme encompasses high street shops but provides bespoke covers for Prestige’s specialist areas, including DIY, hardware and fishing tackle retailers.
Arista chief executive Charles Earle commented: “The schemes already developed and Arista’s desire to develop and launch further schemes underlines our ethos of working with brokers as partners. This pooling of joint expertise to create tailored insurance solutions, in a timely manner, at the same time addressing the needs of specific insurance buyers is a proven concept and one we are keen to maximise. All of Arista’s regional teamsare poised to build and deliver more schemes with brokers they work closely with so we will be making further announcements in due course.”
