Instant Underwriting Launches New Trade Policy, on SchemeServe Platform

Lloyd’s Coverholder, Instant Underwriting has today launched its new wholesale Liability scheme aimed at tradesman, premises based businesses and land owners.

The products combine Public & Products Liability as standard with optional extensions for Employers’ Liability and Tools cover. The new combined liability product is available through Instant Underwriting’s online underwriting portal in addition to the Retail, Leisure, Commercial Combined and Property Owners’ products launched last year on the platform, offering easy access to Lloyd’s insurers. All of the products and the platform have been developed by software provider SchemeServe.

Turul Brown, Managing Director, Instant Underwriting, comments: “We are delighted to extend our portfolio of specialist schemes. We’re very proud of our growth and the positive feedback from our brokers; it means we are delivering on our mission to put the user experience as our first priority.

“With SchemeServe we have a platform that can manage all our products in one place with the level of flexibility we need to meet our high service standards.  We are a demanding client, but I’m delighted to say SchemeServe’s approach to ‘Obsessive Support’ has delivered time and again.”

SchemeServe, a leading cloud based provider of insurance software, provides an administration, distribution and underwriting platform for directly authorised schemes business. It has experienced rapid growth as a robust, simple and more cost effective alternative to traditional software houses.

John Price, COO of SchemeServe comments: “We’re delighted to help Instant Underwriting successfully bring new schemes to market.  We’ve been working closely with them to design and build the platform and deliver training.  Although we can operate remotely, in this case our Scheme Tailors (developers) have worked on site with them to get under the skin of their needs and deliver a truly personal bespoke service.  We are always ready and prepared to deliver what clients need quickly and at a fraction of the cost of other software houses, and it is this that ensures we always stand out from the crowd in an ever-competitive market.”

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