Liability insurance

[Chris Jenkins]

Any advice on where we can get some liability insurance please ? We sell exercise equipment .
Thankyou , Chris

 

[fisicx]

Talk to @Frank the Insurance guy

 

[DontAsk]

Have you tried any business insurance briokers? What was the result?

 

[Chris Jenkins]

Have you tried any business insurance briokers? What was the result?

I havent yet but i will get on to that. Thank you

 

[Frank the Insurance guy]

Hi @Chris Jenkins ,

Best is to find an Independent Insurance broker - talk to friends/connections to see if they have any recommendations or have a look at the BIBA website: https://www.biba.org.uk/find-insurance/

An Independent broker will be able to get quotes form multiple insurers and let you know the most competitive that meets your needs.

Happy to help if needed - contact details below.

 

[Richard Smith]

Client of mine, makes 'scaffolding products' two of his own, both patented. Recently has had product liability renewal declined (despite no claims) does anyone know a broker?

 

[DontAsk]

My business policy was with Intasure who are now (or always were) part of Galagher. Prices seem reasonable, but completely different business area to exercise equipment or scaffolding.

[edit] Just checked and they always were Galagher but just started using the Galagher name more recently.

No complaints, but then I've never needed to make a claim, LOL.

 

[Richard Smith]

My business policy was with Intasure who are now (or always were) part of Galagher. Prices seem reasonable, but completely different business area to exercise equipment or scaffolding.

No complaints, but then I've never needed to make a claim, LOL.

Thanks, for the main business (scaffolding) they have no problems with liability, for some reason, they have had issues with the product side of things - they have a patented product (quite old) and cover has been pulled, no claims, no warnings - just not offering cover at renewal.

I'll keep digging.

 

[Frank the Insurance guy]

Client of mine, makes 'scaffolding products' two of his own, both patented. Recently has had product liability renewal declined (despite no claims) does anyone know a broker?

Thanks, for the main business (scaffolding) they have no problems with liability, for some reason, they have had issues with the product side of things - they have a patented product (quite old) and cover has been pulled, no claims, no warnings - just not offering cover at renewal.

I'll keep digging.

Hi @Richard Smith ,

Your client needs to look for an independent insurance broker- preferably by recommendation, but if not try the British Insurance Brokers Association: https://www.biba.org.uk/find-insurance/

Very likely your client will end of with a Lloyds of London/London Market policy - unfortunately they won't be cheap.

An independent Insurance Broker will have access to both the "traditional" big name Insurers and Lloyds/London markets, so can cover both and report back with the best options/quotes..

Unfortunately if this is a low turnover business, your client may find the cost of Insurance is not viable.

I'm happy to help - my contact details below.

 

[Richard Smith]

Hi @Richard Smith ,

Your client needs to look for an independent insurance broker- preferably by recommendation, but if not try the British Insurance Brokers Association:

Very likely your client will end of with a Lloyds of London/London Market policy - unfortunately they won't be cheap.

An independent Insurance Broker will have access to both the "traditional" big name Insurers and Lloyds/London markets, so can cover both and report back with the best options/quotes..

Unfortunately if this is a low turnover business, your client may find the cost of Insurance is not viable.

I'm happy to help - my contact details below.

Thanks. I will get the details and send over.
Cover has always been available and normal rates. It has BS standards so is not something made up on the fly, each unit has a test cert and sells quite a lot. I will ask my client for the info