Courier/Delivery: Fiducia Launches New Commercial Product

Two lorries on the motorway driving side to side

Leading Specialty MGA Fiducia has announced the launch of its new Commercial Combined policy for Haulier’s and Couriers. The product, which will be marketed through its broker partners, provides a range of coverages under one policy. Fiducia’s Underwriter David Heeney said the new commercial combined cover has been created in response to requests from brokers and their haulier clients given the nature of the risks they were seeking to mitigate.

Backed by A rated capacity the product will cover firms for:

·         Employers Liability

·         Public Liability and Product Liability

·         Material Damage

·         Business Interruption

·         Business All Risks

·         Book Debts

·         Money

·         Commercial Legal Protection

“We are a specialist MGA for the haulage sector and have provided comprehensive employers and public liability cover for clients across the country for six years,” said Heeney. “However, many firms will have extremely low value property risks they need to cover but currently are struggling to do so. They may have a small modular building on the site and their property values might be £5,000-£10,000, which their brokers have had a significant number of problems trying to place on an individual basis due to the small sums involved.”

“It was an issue that our broker partners had asked whether we could help solve and we have been delighted to do so. The product has been designed specifically for the haulage and courier sectors and given the dynamics in the market following COVID it comes at the right time for companies as they plan their strategies for next year as the economy recovers.”

“In addition, brokers and their clients will continue to have access to our goods in transit policies to support the new product,” Heeney added. “The aim was to create a single point of contact via our Freight Liability specialist underwriters for the full range of core non-fleet covers.

“At Fiducia we have always approached our discussions with brokers as a partnership in which we can work together to meet the needs of their clients within the specialist areas in which we operate.”

“The response so far has been excellent, and we are pleased to have another solution we can provide for the market.”

About alastair walker 7798 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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