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12th July 2016
The British Insurance Brokers’ Association (BIBA) has announced the appointment of Bollington Insurance to provide a new care sector insurance scheme for BIBA members.
This new offering is underwritten by a number of insurers specialising in this market and will enable members to place cover for a sector that is notoriously difficult to place without the need to commit to minimum volumes of business. Bollington Insurance works with a range of specialist insurer partners to place business, including BBB+ or higher rated insurers and can cover for the following types of establishments:
- Residential care and education for children with emotional, behavioural difficulties
- Residential care for individuals with learning disabilities and complex healthcare needs
- Care for individuals with mental health conditions or physical disabilities
- Foster & adoption agencies
- Residential care for the elderly
- Domiciliary care & supported living
This new partnership with Bollington Insurance gives BIBA members access to a new and growing area. Members will also benefit from enhanced commissions across all facilities with no minimum commitment required.
The care combined policies will offer covers including material damage, business interruption, employers’ liability and public liability up to £10m. They also include abuse cover up to £5m (on both occurrence or claims made basis wordings) with retro abuse cover an option with certain insurers. More details can be found at www.biba.org.uk/members/biba-schemes/care-sector-insurance/
Mike Hallam, BIBA’s Head of Technical Services, said: ‘We are pleased to offer this scheme along with its exclusive benefits to members and believe it will satisfy our member needs in this niche market. We are confident that this scheme will be of interest to our members and are pleased to be working with such a reputable name in the insurance industry with a known care specialism.”
Carl Shaw, Director from Bollington Insurance, comments: “We are delighted to be able to offer access to our care insurance panel to BIBA members. We have been operating a separate care division within Bollington for the last 14 years and during that time we have built up a significant amount of expertise within our broking and account management team. Our team understand the risks faced by organisations in this sector and will be on hand to help any BIBA member requiring assistance.
Shaw continues ‘Our strong relationships with key insurance companies enable us to secure the best terms for BIBA members and their clients. In addition, our delegated authority status with a number of insurers ensures a quick turnaround on quotations.’
For more details on Bollington Insurance and the care facility, visit the BIBA website or www.bollington.com/BIBA for more information.
ENDS
Notes to editors
- For further information please contact:
BIBA press office:
Pam Quinn, Head of Communications
Leighann Forsyth, Deputy Head of Communications
020 7397 0223
quinnp@biba.org.uk
forsythl@biba.org.uk
Bollington Insurance:
Rachel Aston, Marketing and Communications Director
01625 854390
07850 953198
Rachel.Aston@bollington.com
- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes just under 2,000 regulated firms.
General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff. 54% of all general insurance is sold by an insurance broker and they arrange 79% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 250,000 people a year to Find-A-Broker, both online and via the telephone.
BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.
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