Business Insurance

We understand your business is different and therefore requires unique business insurance solutions to match.

Our job is to create a tailored business insurance programme to meet the complex nature of the risks faced by our clients. Just as importantly we represent our clients and act as their advocate, not the insurers.

Year-on-year we deliver great outcomes for our clients. We review their business insurance arrangements on an annual basis to ensure best value and wide cover. We do not accept insurers’ first proposals and always look to add low claim rebates, risk management funds and profit shares to make our clients’ insurance and risk investments have a degree of incentive.

As a Chartered Insurance Broker we have a team who are highly qualified and experienced. We know the business insurance market with all of its quirks and foibles. We are determined and tenacious brokers who always negotiate strongly on our clients’ behalf.

Our expertise means we will know the answers to your questions and give you excellent advice. We understand there are pressures on margin and outcomes. Our role is to relieve the tension and provide quick proactive responses. We believe business insurance should make you free to take risks, rather than constrained not to.

We commit to work in the following way with you:

  • To not accept “insurance won’t allow it” as part of our culture.
  • To work hard for you, go the extra mile and always honour our commitments.
  • Provide a personal and dedicated team.
  • Be there when things go wrong.
  • Make you feel like you are our only client.

We have wide market access which means you get options from insurance companies to consider rather than simply insurance terms. Our position in the insurance market means that we hold considerable sway with insurers to make sure the best outcomes are achieved.

We have outlined below a cross section of the business insurance policies we arrange for our clients:

Your property is subject to many risks, including social and catastrophe perils, structural issues and even disputes with tenants. By purchasing a commercial property insurance policy, you can make sure that you are protected against these risks.

Employers’ Liability Insurance protects employers from claims of negligence made by employees who suffer injury or ill health due to their work. Unlike most other types of insurance, Employers’ Liability Insurance is compulsory. If you employ workers based in England, Scotland or Wales (including offshore installations or associated structures), your company must carry Employers’ Liability Insurance to avoid substantial fines.

As technology becomes increasingly important for successful business operations, the value of a strong Cyber Liability Insurance policy will only continue to grow. The continued rise in the amount of information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses. Regulations, such as the Data Protection Act must also be considered, because a loss of sensitive personal information may subject you to fines and sanctions from the Information Commissioner. In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers or an ill-advised post on a social media site can be read by hundreds in a matter of minutes, protecting yourself from cyber liabilities is just as important as some of the more traditional exposures businesses account for in their general commercial liability policies.

In today’s business climate of corporate transparency and accountability, an organisation’s officers and directors face a myriad of employment-related exposures. Claims can come from many sources, employees, regulators, shareholders, creditors, customers, etc. Ever-changing regulations, increased employee awareness of employment rights as well as the rise of shareholder activism means directors are more frequently at risk, translating to rising claims and escalating settlement costs.

In the wake of recent unprecedented corporate scandals, clearly the trend of corporate accountability applies to large corporations. But smaller privately held companies, including not-for-profits, are not exempt from litigation arising out of the management decisions of their boards. They, too, are at risk.

Regardless of your company’s size, the legal cost to defend a director is substantial, as are the potential penalties that can be personally incurred. Due to liability risks, protecting boardroom talent can be a challenge. To help ensure both your officers’ as well as company’s well-being, a directors’ and officers’ liability insurance (D&O) policy is part of a comprehensive risk financing strategy.

Employment-related legal actions are a growing concern for employers of all sizes. As costs for litigation and damage awards climb, experts predict that employment liability will only become more complex. As a result, it is critical for employers to understand their exposures and options to manage the risk.

The need for professional indemnity (PI) cover has grown over the past several decades as more people enter professional service-based professions. While PI insurance still covers ‘traditional’ professionals, such as doctors, solicitors, accountants and architects, a whole new market of professionals now need to consider PI cover. Whether a traditional or new professional, you can protect yourself, your business and your reputation by investing in professional indemnity cover.

PI insurance safeguards against catastrophic losses in the event of a legal action due to a negligent act, error or omission by the professional. In addition to claims of error, omission or negligence, PI insurance may also protect against slander, libel and breach of contract.

Product Liability Insurance provides solid protection for your business relating to the manufacturing or sale to the public of products, foods, medicines or other items. This cover provides protection against liabilities for losses due to injuries caused by malfunctions or defects in your products – including design defects or a failure to warn consumers about the dangers of using a product.

Because your business depends on functioning equipment to operate and maintain revenue, a breakdown could be devastating. The threat of breakdown is increasingly prevalent because technologically advanced equipment tends to be sensitive and fragile and can easily sustain damage that causes breakdowns. The losses sustained will continue to increase with the rise of just-in-time manufacturing, Internet marketing and improved supply chain management. Problems with your equipment can be extremely risky if you are not properly insured. Equipment Breakdown Insurance will cover you in the event of damage or a breakdown.

Owning an unoccupied building can pose serious liabilities because unoccupied buildings are more susceptible to vandalism, undetected repairs, fire and other losses. If you own unoccupied property, it is advisable to purchase Unoccupied Property Insurance, also known as Unoccupied Building Insurance to protect against risks.

If a fire causes the facility to be temporarily unusable, what would you do next? Would your business be able to pay utilities, wages or any other standing charges without any income? It could take months before the damaged property is rebuilt and stock, machinery and equipment are repaired or replaced. Ideally, you would move to a temporary location while your permanent place of business is being repaired. Yet, traditional Property Insurance does not cover this move or a loss of income when a business must temporarily close. With Business Interruption Insurance, this setback can be minimised by simply adding this cover to your Property Insurance policy.

Terrorism is not new, but the frequency, audacity and geographical reach of terrorist attacks have noticeably increased in recent years. Understandably, business owners, risk managers and insurers are concerned with mitigating the risks posed by increasingly prevalent, damaging and random terrorist attacks.

Because losses, costs, damages and expenses from terrorism are typically excluded from standard commercial insurance policies, terrorism cover must either be added on as an extension or purchased as a stand-alone policy. By adding terrorism cover to your policies, you can protect your business from this ever-growing set of hazards.

Hosting events such as concerts, festivals, conferences, trade shows, sporting events and celebrations subjects a business to a variety of liabilities and risks that must be considered to avoid costly litigation or other losses when something goes amiss. Appropriate covers for events include Property Damage Insurance, Public Liability Insurance, Employer’s Liability Insurance and Cancellation Insurance.

When a business purchases standard insurance, the policy provides cover within a predetermined outline, offering only limited flexibility. With captive insurance, businesses can choose to form their own insurance companies to cover their potential risks. For some businesses, this is a legitimate solution for their insurance needs.

Most people think that only businesses in certain industries such as waste management or chemicals manufacturing need environmental impairment liability. However, all businesses need to assess their environmental liability risks and review how their activities could affect the surrounding environment. Natural or man-made pollutants can be released through many different processes, and they take several different forms—including gases, powders and liquids. Businesses may not even be aware that they are gradually poisoning the surrounding environment by leaking pollutants.

Alternative Risk Transfer, often referred to as ART, means using techniques other than traditional insurance and reinsurance to provide your business with cover. Alternative risk transfer is typically available to companies with low risk profiles and a dedication to maintaining safe operations, because the insured party assumes a portion of its own risk in exchange for lower premiums or a reduction in net cost of insurance. In many cases, ART gives capital market investors a more direct role in providing protection.

Kidnap and ransom is a legitimate threat for UK-based businesses. Unfortunately, in many parts of the world, these illegal acts have become a business in and of themselves, with sights set on wealthy UK companies and business travellers. In most cases, kidnappers take professionals captive to make a profit, releasing the individual once demands have been met. Because many overseas attacks are related to business, the need for kidnap and ransom cover continues to grow. This is particularly true in areas where local authorities have turned a blind eye to guerrilla activity and in areas that are stricken by poverty. To combat financial losses in the event of a kidnap or extortion situation, Kidnap and Ransom (K&R) insurance is a practical risk transfer option.

You may think that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimised by fraud or theft.

Thieves (including your employees) do not need direct access to cash to steal from you—merchandise, supplies and securities are all vulnerable. Criminals can steal finished products or even raw materials without your knowledge. Make no mistake: Any product can be a target if there is an opportunity to make a profit, which is why you need crime cover.

Employment-related legal actions are a growing concern for employers of all sizes. As costs for litigation and damage awards climb, experts predict that employment liability will only become more complex. As a result, it is critical for employers to understand their exposures and options to manage the risk.

All solicitors in the United Kingdom are required to have professional indemnity insurance by their regulatory bodies. Solicitors in England and Wales are regulated by the Solicitors Regulation Authority (SRA), which sets out minimum terms and conditions that must be included in all solicitor professional indemnity policies. Solicitors in Scotland and Northern Ireland are regulated by their respective law societies, and their professional indemnity insurance policies are created through a compulsory Master Policy.

It is imperative that solicitors and law firms recognise emerging professional indemnity risks and do everything in their power to protect themselves from those risks.

Most people think that personal accident insurance is only purchased by individuals through their personal lines policies, but businesses can also benefit from buying personal accident insurance.

Group personal accident policies can be purchased by employers as a benefit for employees and their dependents. They can also be purchased to protect against the financial effects of losing the services of an employee. The insurance can be used to help the company recruit or train new staff while an employee recovers from a covered injury, or it can help pay ongoing wages to an injured employee.


I'm sending you this note to personally thank you and your firm for a continuing level of excellence in handling our insurance matters, and in particular, always striving to keep the costs at a reasonable level. In today's competitive environment, saving money wherever possible is a necessity, and when achieved, should be recognised - CP Manufacturing Europe Limited

CP Manufacturing Europe Limited 02/03/2016