The latest from Focus, a Wokingham-based MGA specialising in construction insurance, who have launched a new construction binder in partnership with renowned global insurer, Markel – in what it calls “the most important binder our firm has secured in many years.”
Here’s the word;
The binder offers a ‘one-stop shop’ solution for all the core covers required by construction trades under a single policy, including preferential ratings. It also offers a business support package, which policyholders can access via the telephone at any time, a five-star in-house claims service from Markel, and wide-ranging, flexible wording.
Policy cover and target trades
At launch, this delegated authority facility with Markel will offer EL, PL, CAR and PI cover, but within a short period this will expand to include a full suite of products, including:
- EL/PL/CAR
- Property Damage & BI
- Portable Property
- Money & Personal Assault
- Goods in Transit
- Personal Accident
- Professional Indemnity
- Directors & Officers Liability
- Entity Defence.
Additional covers will include efficacy, professional negligence, speculative development and show property contents extensions.
It targets a broad range of construction trades, including builders, electrical contractors, HVAC engineers, painters, plasterers, shopfitters, solar panel installers*, plumbers* and stone masons, among many others.
*strict criteria apply
“A major step forward”
Focus has expressed its delight at its new partnership with Markel, which the firm’s Director, Toby Catlin, has called “a major step forward for our brokers and our business.”
He continued: “We are really looking forward to working with Markel on a product that we are so proud to be able to present to our broker panel. It solves a wide range of problems for our brokers and their clients, with the ability to roll a number of key covers into a single, easy to manage policy, flexible wordings and a competitive range of benefits.”
Markel: Partnership with Focus “highly advantageous”
Martin Parker, Head of Construction Underwriting at Markel commented: “We’re delighted with our new partnership with Focus, a leading MGA in the UK construction insurance market. By leveraging Focus’ deep expertise and Markel’s comprehensive product offering, we aim to provide market-leading coverage and support to construction businesses across the UK. This collaboration represents a significant step forward in our mission to deliver tailored insurance solutions that meet the needs of the construction industry.”
To find out more about the facility, please visit the Focus website
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