Premco Product Guide 2020-2021 PDF
Premco Product Guide 2020-2021 PDF
Premco Product Guide 2020-2021 PDF
1. About us
2. iConstruct
3. General liability
4. Personal accident and sickness
5. Annual business travel and repatriation
6. Terrorism
7. Financial lines
Professional indemnity, Directors and officers’ liability, Cyber liability & Terrorism
8. Excess of loss
9. Per capita liability
10. Contract works and contractors’ plant
11. Commercial combined
12. Property owners
13. Enterprise package
14. Office combined
15. Motor fleet
16. Synergy 360 Club
1. ABOUT US
This product guide provides you with a short summary of each of our products and our current underwriting
risk appetite. It details the commission we pay as standard on the product and how to contact us. We’re
always really happy to hear from you by telephone or if you’re in the region pop in and see us.
In most cases we aim to deliver a contract certain offer of insurance within 2 hours of the receipt of a risk
presentation and deliver Insurance Documents within 2 hours of instruction.
With the ability to write up to £16 million any one contract our appetite is diverse, from conventional family
run building companies to national and global PLCs. We will consider heavier aspects and hazardous
locations as part of a balanced account and can write international exposures for UKNI domicile risks.
You will find our service on this product unrivalled and our speed of response breath-taking, with a bespoke
wording, highly competitive rates for appetite risks and exclusive access for UKNI independent brokers send
us your construction enquiries today.
Contact: [email protected]
0845 111 0125
Commission: 20%
Employers liability
Public liability
Products liability
Professional indemnity
Directors and officers liability
Entity cover
Legal expenses
This product is aimed at the manufacturing, wholesale and distribution trades and competes well in the
market place. With the ability to write North American Products liability and international Employers
liability for larger risks.
We aim to respond with a contract certain quotation within 2 hours of receipt of an enquiry and deliver
insurance documents within 2 hours of instruction which you will find unrivalled in today’s market.
Contact: [email protected]
0845 111 0125
Commission: 20%
Contact: [email protected]
0131 370 4341
Commission: 20%
Contact: [email protected]
0131 370 4341
Commission: 20%
Contact: [email protected]
0845 111 0125
Underwriters:
Steve Bole [email protected]
Vasu Arun [email protected]
Commission: 20%
Full cover
Duty to warn cover
Contingency cover
Aggregate limits or
Any one claim
Limits up to £2 million
We also offer Cyber liability, stand alone Terrorism and Legal expenses covers.
Contact: [email protected]
0131 370 4341
Commission: 20%
If clients do experience a claim under their excess liability policy, then it could well be for a large scale
incident with severe consequences for many people and organisations, for example a severe accident or a
product liability crisis.
The product is aimed at UK based companies including those with overseas sales or operations, and
multinational organisations. For companies with North American turnover the indemnity will be inclusive of
costs and subject to a full pollution exclusion. In many cases Excess Elite can also be tailored to cover
overseas subsidiaries, however it is not available for companies with no UK connection.
Limits can be selected from £1m up to £70m and attachment points can be adjusted to the clients'
requirements. Minimum premiums start from £375 and cover is available for short period contracts starting
at one day.
Contact: [email protected]
0845 111 0125
Commission: 30%
Limits of indemnity up to £10 million are available (trade dependent) for public and products liability,
dispensing with the need for excess of loss covers which can often cost more than the underlying policy.
We train our underwriters by starting with this policy, teaching how the wordings operate and the
importance of rating adequacy; one claim can wipe out the fund quite easily. It is always very encouraging
when we see our brokers engaging with our apprentices, trainee underwriters as they grow into fully fledged
underwriters of this product.
Employers liability
Public liability
Products liability
Contract works
Contractors owned plant
Contractors hired in plant
Professional indemnity
Legal expenses
Contact: [email protected]
0131 370 4347
Commission: 20%
The products is aimed at UKNI contractors but can be extended to include EEA work as required.
If contractors’ owned plant or hired in/out plant cover is required we can write these risks on a stand alone
basis up to £2 million any one location. Cover for higher risks, heavier items of plant – including their
movement – can be considered.
Contact: [email protected]
0131 370 4341
Commission: 20%
Material damage
Business interruption
Money
Trade all risks
Goods in transit
Computer breakdown
Frozen foods
Employers liability
Public and products liability
Legal expenses (£250,000 as standard)
Contact: [email protected]
0845 111 0125
Underwriters:
Steve Bole [email protected]
Vasu Arun [email protected]
Commission: 20%
13. RETAILERS
Underwritten at Lloyd’s we write all types of retail
risks including multi-location. Aimed at high
street retail risks our appetite ranges from
clothing to cafes, sports to grocers. We write on a
binding authority basis throughout the United
Kingdom and Northern Ireland.
Quotation turnaround is 2 hours with the
documentation produced instantly at the point of
bind.
14. OFFICES
Underwritten at Lloyd’s we write most classes of
office on a binding authority basis throughout the
United Kingdom and Northern Ireland. Our highly
experienced property team can assist you with
solicitors, accountants, marketing and even
insurance brokers.
Quotation turnaround is 2 hours with the
documentation produced instantly at the point of
bind.
Underwritten at Lloyd’s our appetite is restricted to cars and vans up to 3.5t, the target market is our
commercial combined customers and we offer a 10% discount if both covers are purchased.
We aim to turnaround fleet quote requests in 2 hours and please ask us for our presentation forms to
simplify the quoting.
Contact: [email protected]
0845 111 0125
Commission: 10%
SYNERGY PROPERTY
The reduction in capacity for certain business lines has meant that placing higher hazard property risks has
become difficult and customers are facing substantial increases in rates or struggling to find cover. If you are
supporting Synergy we are able to offer cover for these harder to place risks i.e. leisure, food, timber, waste
at more competitive rates.
The account requires balance, so a minimum core support of lower hazardous trades is fundamental to
ensuring the profitability of the account for our capacity providers.
SYNERGY MARKETS
For those larger, hard to place risks we offer access to our markets and Lloyd’s brokers to place or schedule
business you might not normally be able to secure.
With a proven track record of successfully helping our independent partners secure large risks when
competing against much larger brokers we will also provide administrative assistance on these accounts i.e.
report writing, client visits, surveys.
SYNERGY SUBSCRIPTION
We offer a £10 million line to Lloyd’s brokers seeking to schedule complex risks, if you are a Synergy partner
we can assist your Lloyd’s broker to get a complex risk finished by offering subscription lines not readily
available in the open market.
Contact: [email protected]
0845 111 0125
Commission: variable