fastforward your business Comparative SME Business Insurance

Transcription

1 fastforward your business Comparative SME Business Insurance

2 Open an Agency with iprism: Gain immediate access to ALL the insurers below Instant online comparative quotations by completing only ONE question set per product No transaction fees or network charges Enhanced commissions

3 iprism underwriting agency puts brokers first. Established by a team with many years experience in the insurance industry, iprism has been created in close consultation with brokers to provide a service you can rely on, taking the stress out of placing business and enabling you to manage your SME and High Net Worth insurance portfolios. iprism can help you change the way you do business giving you the power to do more with less an opportunity to fastforward your business. Why iprism and You? iprism s solution is a unique way of giving you the power to access a wide panel of insurers and range of products and to write business quickly, efficiently and comprehensively, using leading edge internet-based technology, all whilst enjoying high levels of personal service and expertise. iprism s buying power provides you with highly competitive rates and enhanced levels of commission. You pay no transaction fees and there are no network charges. You save time, money and effort when placing business with iprism, enabling you to transact higher volumes of business within a more profitable business model. All you need is the internet, iprism and you.

4 How iprism works iprism is not a software house. We are an underwriting agency with full, delegated authority from our insurer partners. Our cutting edge technology delivers instant quotes and full point of sale documentation. You will also have full access to our UK-based Service Centre where you will be able to speak to experienced, friendly Underwriters and Account Executives whose aim is to help you win and retain business in today s highly competitive market. Signing an Agency Agreement with iprism is simple, and once you ve done so you will be provided with access to our entire panel of insurer partners, irrespective of whether you have an individual agency with each of them. iprism features Online access to the UK s leading commercial insurers Comparative quotes by completing only one question set Standardised policy documentation per product, delivered electronically Open for business 24/7 Access to a dedicated UK-based Service Centre High quality in-house underwriting support Competitive commission levels No transaction fees and no network charges iprism benefits Access to insurers, markets and competitive rates Fast and efficient service Support from empowered Underwriters and Account Executives Reduces your costs by saving you time and increases your revenue from enhanced commission levels Immediate documentation Like-for-like comparisons against a range of premiums and insurers

5 iprism products iprism offers different solutions for different sectors. Our products have been developed to meet the needs of today s micro SMEs, allowing you to service your clients effectively and economically. Our portfolio caters for everything from the self-employed working from home to packaged business, as well as stand-alone add on products. iprism partners iprism has partnered with the UK s leading insurers which gives you access to the best known brands as well as the specialist and niche insurers. We have been careful to bring together a complementary panel of insurers to give you the right choice in terms of both cover and price. With each insurer quoting against our common question sets and wordings you get a truly comparative set of quotes each time. iprism claims iprism has negotiated stringent Service Level Agreements with insurers. All our claims are handled in the first instance by Cunningham Lindsey. All claims are monitored and supported by a specialist team and you will be able to track the progress and status of your clients claims through our quality Management Information facilities. iprism summed up Signing up with iprism enables you to write business faster, more efficiently and more comprehensively. iprism provides you with access to a wide range of insurers without the need to obtain separate agencies with each of them. Everything is executed online and iprism is available for business 24/7 enabling you to do business when it suits you. Visit the iprism site at and sign up now so you can begin to put your business into fastforward.

6 Tradesmen & Contractors Aimed at either the sole trader or a business with up to 10 employees, we can tailor cover to give your client the confidence they need when they re out working, from Legal Liability cover to cover for their Tools, Plant and Materials. Our products can be extended to provide additional covers for your clients these include: Temporary employees Public Liability with options of 1,000,000 2,000,000 and 5,000,000 limits of indemnity Employers Liability where required Access to helplines Tools cover including ability to insure laptop computers and mobile devices Contract Works cover choice of limits and can be extended to include own plant and hired-in plant Personal Accident cover covering all employees. Optional cover limits available Optional Commercial Legal Expenses

7 Retailers iprism provides cover for shops of all kinds and all sizes working in the retail sector. Whatever the business, iprism can provide insurance that protects retailers for premises Contents, Business Interruption, Employers and Public Liability, Money and PA (Assault), Glass, Commercial Legal Expenses and Equipment Breakdown. With options to include Buildings (with or without subsidence), Tenants Improvements and Theft by Employees. Our products can be extended to provide additional covers for your clients these include: Treatment Risk option available for Hairdressers and Beauticians Contents & Business Interruption Money and PA (Assault) Glass Employers Liability 10,000,000 Public and Products Liability 2,000,000 Work Away from the main premises can be insured Buildings and Subsidence cover options UK All Risks for Business Equipment option Tenants Improvements cover option Option to add Theft by Employee cover Commercial Legal Expenses Equipment breakdown including Deterioration of Stock cover Goods in Transit

8 Office iprism can tailor a policy that allows your client to run their office with complete confidence. The product provides cover for offices of all kinds and includes Office Contents, Business Interruption, Money, PA (Assault), Employers Liability, Public Liability, Commercial Legal Expenses as well as Equipment Breakdown. Our products can be extended to provide additional covers for your clients these include: Contents & Business Interruption Glass and Sanitary Ware Money and PA (Assault) Buildings and Subsidence cover options UK All Risks for Business Equipment option Tenants Improvements cover option Option to add Theft by Employee cover Office Contents in Transit Employers Liability 10,000,000 Public and Products Liability 2,000,000 Commercial Legal Expenses Breakdown cover automatically included, comprehensive cover including Computer Breakdown up to 100,000

9 Surgery You can tailor the policy to meet the specific needs of Surgeries, ranging from doctors to alternative therapists. The policy automatically includes cover for Surgery Contents, Loss of Revenue, Legal Liabilities, Money and PA (Assault), Glass, Employers Liability, Public Liability, Equipment Breakdown and Commercial Legal Expenses. Our products can be extended to provide additional covers for your clients these include: Contents & Business Interruption Glass and Sanitary Ware Money and PA (Assault) Surgery Contents in Transit Employers Liability 10,000,000 Buildings and Subsidence cover options UK All Risks for Business Equipment option Tenants Improvements cover option Option to add Theft by Employee cover Option to add cover for Dispensing Errors Cover for Visiting Bags Public and Products Liability 2,000,000 Commercial Legal Expenses Engineering cover automatically included, comprehensive cover including Computer Breakdown up to 100,000 and Deterioration of Drugs and Vaccines

10 Residential Property Owners (Buy-to-Let) If your client rents out residential property then we can provide Buildings insurance, Property Owners Liability and you can tailor the policy by adding cover for Loss of Rent and Landlords Contents. Our products can be extended to provide additional covers for your clients these include: Option to purchase Subsidence cover Option to add Day 1 cover at a range of percentage uplifts Landlords Contents can be insured Tenants Improvements cover option Rent Protection and Repossession Costs Property Owners Liability 2,000,000 option to increase Buildings Alternative Accommodation Employers Liability option Loss of Rental Income with selectable indemnity periods Contents in communal areas various levels of cover available Commercial Legal Expenses specialist product

11 Commercial Property Owners If your client owns high street type premises which are let to commercial occupants (or a mixture of residential and commercial occupants) then we can provide Buildings insurance, Property Owners Liability and you can tailor the policy by adding Loss of Rent, Landlords Contents and Legal Expenses cover that can be extended to include Tenant Eviction and Rent Guarantee for residential lettings. Our products can be extended to provide additional covers for your clients these include: Option to purchase Subsidence cover Option to add Day 1 cover at a range of percentage uplifts Landlords Contents in residential premises can be insured Tenants Improvements cover option Property Owners Liability 2,000,000 option to increase Buildings Commercial Legal Expenses specialist product Contents in communal areas Rent Protection and Repossession Costs Employers Liability option Loss of Rental Income with selectable indemnity periods

12 Hair & Beauty These products are designed for your hair and beauty clients, whether they are a local hairdresser visiting their customers at home or the owner of a busy beauty salon. From simple Hairdressers Liability to full cover for a salon including Buildings, Contents, Public and Employers Liability and Treatment Risks, the iprism product has all the options you need. Hair & Beauty With Premises If your client has a salon. The Standard Policy includes: Contents & Business Interruption Hair & Beauty Without Premises If your client works from home, from third party premises or rents a chair in a salon. The Standard Policy includes: Business Liability including Employers Liability where required Access to helplines Optional Extensions available: Treatment Risks Business Equipment Personal Accident Full Legal Expenses Money and PA (Assault) Glass and Sanitary Ware Employers Liability 10,000,000 Public and Products Liability including standard treatments 2,000,000 Commercial Legal Expenses Optional Extensions available: Accidental Damage Extended Treatment Risks Work away from the main premises Theft by Employees Goods in Transit Business Equipment away from the premises Buildings (with or without subsidence)

13 Restaurants, Wine Bars & Pubs A flexible policy tailored to meet the specific needs of your client s licensed restaurant, wine bar or pub. The product features cover for Buildings, Business Interruption, Loss of Liquor Licence, business conducted away from the premises, Theft by Employees, Public Liability, Employers Liability, Money, PA (Assault), and Commercial Legal Expenses. Our products can be extended to provide additional covers for your clients these include: Residential Accommodation family personal possessions can be included Accidental Damage option Buildings cover and Subsidence options UK All Risks for Business Equipment option Tenants Improvements cover option Contents and Business Interruption Money and PA (Assault) Goods in Transit Employers Liability 10,000,000 Public and Products Liability 2,000,000 Commercial Legal Expenses Deterioration of Stock Option to add Theft by Employee cover Loss of Licence option

14 6 Simple Steps: Comparative Business Welcome About You, Your Business, And What To Insure 1. Log in 2. Select a Product 3. Complete the Question Set

15 Insurance Assumptions Firm Quotation Confirmation & Payment 6. Pay on account, by credit card or by monthly instalments 5. Review & Confirm 4. Select a Quote

16 Mid and High Net Worth Designed exclusively for owners of high value homes and collectors of fine art and other valuables, House and Home accommodates the varied needs of a wide range of clients whether they live in a large rural home with a prized collection of antiques or a modern city apartment with high-end electronic equipment and expensive jewellery. Our policy focuses on delivering first class cover for the things that are important your clients homes and their valued possessions. When unexpected events occur and a claim is required, we have designed a unique, flexible claims service ensuring claims are dealt with speedily and in a way that suits your clients. Whether they want cash settlement, replacement of goods or a combination of the two, House and Home claims will deliver what they want. Through our many years of experience and partnerships with insurers, House and Home ensure that we always charge a fair premium. This is supported by the high level of service you rightly expect.

17 Buildings Cover Features All Risks* cover for the structure of your home and outbuildings Costs of alternative accommodation for up to 5 years if your client cannot live in their home Up to 50,000 to cover the costs of finding leaks in the water or heating systems Up to 25,000 if your clients need to make alterations to their home as a result of permanent physical disability of any member of their family Automatically covered for works being done on homes up to 75,000 Cover for damage to gardens as a result of fire, theft or vandalism Additional Benefits Legal Protection providing your client with a lawyer to represent them in legal disputes up to 50,000 once they have notified the 24 hour House and Home helpline Emergency Property Assistance emergency repair provision for essential services by approved tradesmen: up to 500 (including VAT) for the call out charge, up to 2 hours labour costs, parts and materials Identity Theft up to 50,000 to cover fees and expenses if your clients are the victims of identity fraud Contents Cover Features Worldwide All Risks* cover including accidental loss or damage for the contents of your clients homes, including damage by domestic pets No need to specify items unless they exceed the specified article limits of 7,500 for jewellery and watches and 15,000 for contents, art and antiques Up to 15,000 for hired-in marquees and associated equipment Up to 2,500 to pay for repairs or replacement of memorial stones 5,000 for money which increases to 10,000 for money in a safe Cover for the property of your clients guests and any domestic employees We will pay up to 5,000,000 in the event that your client is legally liable for damage to someone else s property or for any injury to a third party. This increases to 10,000,000 for injury to domestic employees Unlimited cover for replacing locks and keys to the home and its security devices if they are lost or stolen Peace of mind that cover is already in place, for up to 60 days without telling us, for newly acquired items up to 25% of the contents sum insured 10,000 for any one golf cart, quad bike or vehicle designed for the use of disabled persons (provided Road Traffic Act cover is not obligatory) * All Risks means that we cover the usual perils of fire, storm, flood etc., but the cover extends to include other accidental damage that may occur to your clients homes or possessions.

18 Directors & Officers This policy provides protection for individuals in positions of responsibility from claims made against them personally due to professional decisions, whether a director, officer, manager or supervisor. Cover includes Advancement of Defence Costs and Investigation Legal Fees and Expenses, and can be structured to include Employment Practice Liability cover. Wrongful Acts: Breaches of duty or trust, neglect, error, misstatement, misleading statements, omission, negligent act or any other act wrongfully committed Advancement of Defence Costs Damages awarded against the director or officer including exemplary damages for libel and slander Company reimbursement Profile of target companies Turnover of no more than 10,000,000 No assets or turnover in North America UK registered with Private Limited status Have report and accounts showing a positive net worth Investigation Legal Fees and Expenses, covering the company and the individuals Blanket cover for any person deemed to be a director or officer past, present and future. Managerial/supervisory staff included as insured persons Pollution claim defence costs Outside directorship cover 100,000 limit Indemnity limit up to a maximum 1,000,000

19 Professional Indemnity This product provides essential financial protection for a wide range of your professional clients. Our policy provides cover for liability that may arise from negligent advice that your client may offer or services they may provide in a professional capacity causing a financial loss. Our products can be extended to provide additional covers for your clients these include: Enhancement to Any One Claim cover Cover for dishonesty of employees Libel and Slander cover Extended Legal Expenses cover Professional Indemnity for an extensive range of trades Indemnity limits ranging from 50,000 up to 2,000,000 Access to helplines

20 Professionals Aimed at small businesses or individuals who do not undertake manual work, this policy can be tailored to meet the needs of the professional. A range of cover is available, including Public Liability, Legal Expenses and Business Equipment. This policy can be structured to protect professionals working from home or at third party premises. Our products can be extended to provide additional covers for your clients these include: Ability to include up to 10 employees Employers Liability for 10,000,000 Business Equipment can be added with sum insured options up to 20,000 Personal Accident cover covering all employees. Optional cover limits available Optional Commercial Legal Expenses Public Liability with options of 1,000,000, 2,000,000 and 5,000,000 limits of liability Access to helplines

21 Teachers & Tutors Designed specifically for your clients who provide extracurricular tuition, whether at their own home, their student s home or at a third party premises. This cover is for teachers and tutors providing instruction from academic and professional tuition to music lessons. Your clients can protect themselves against Public Liability as standard, and they can include other optional covers. Our products can be extended to provide additional covers for your clients these include: Cover for up to 10 employees Employers Liability for 10,000,000 Business Equipment can be added with sum insured options up to 20,000 Personal Accident cover covering all employees. Optional cover limits available Optional Commercial Legal Expenses Public Liability with options of 1,000,000, 2,000,000 and 5,000,000 limits of liability

22 Wholesalers If your client trades from commercial premises, either as a traditional wholesaler or providing internet fulfilment, the iprism Wholesalers policy will meet their insurance needs. A core of covers including Material Damage and Business Liabilities is provided as standard and a range of additional covers are also available which will enable you to create a policy that meets your client s requirements. Our products can be extended to provide additional covers for your clients these include: Buildings Subsidence Tenants Improvements Material Damage on contents and stock Business Money including Personal Accident (Assault) Glass Business Interruption Accidental Damage Goods in Transit Accounts Receivable Loss of License UK/Worldwide All Risks cover on specified equipment Business Liability including Public and Employers Liability Commercial Legal Expenses

23 Internet Traders If your client is an ebay seller or operates an internet fulfilment business from home, iprism have a solution to their needs. The cover can be tailored from a core of Public and Products Liability with options including Material Damage and Goods in Transit. Our products can be extended to provide additional covers for your clients these include: Employers Liability Cover for stock, fixtures and fittings (such as racking) Public and Products Liability Access to helplines Money cover including cover for unused units in franking machines Goods in Transit Full Legal Expenses

24 Cleaners Aimed at either the sole trader or a business with up to 10 employees, we can tailor cover to give your clients the confidence they need when they re out working, from Legal Liability cover (which includes cover for property actually being worked on) to cover for their Cleaning Equipment and Stock of Cleaning Materials. Our products can be extended to provide additional covers for your clients these include: Inclusion of up to 10 employees including part time staff Temporary employees can be included Public Liability with options of 1,000,000, 2,000,000 and 5,000,000 limits of indemnity Injury to Working Partners Tools, Business Equipment and Cleaning Stock Optional Commercial Legal Expenses Employers Liability where required Loss of Keys Losses from dishonesty Unauthorised use of telephones Damage to property whilst being worked on Access to helplines

25 Personal Accident Providing a specified benefit in the event of accidental death or temporary or total disablement arising from an accident, the iprism Personal Accident policy provides specified levels of cover that will meet the needs of your SME clients. Our products can be extended to provide additional covers for your clients these include: Ability to increase the level of cover up to 5 units Death as a result of Accidental Bodily Injury Permanent disablement as a result of Accidental Bodily injury Temporary Total Disablement as a result of Accidental Bodily Injury Death benefits of 20,000, Disablement Benefits of 10,000 per unit of cover

26 Terrorism Usually only available as an extension to an insurer s underlying policy, the option now exists to obtain terrorism cover on a stand-alone basis with the useful option for multiple premises under the one policy. Our product can be extended to provide terrorism cover for multiple locations under one policy A significant saving for those of your clients who operate from more than one location Terrorism cover separate from the underlying policy Material Damage Consequential Loss Denial of Access Failure of Utilities

27 iprism s specially designed products: Deliver a range of truly comparative quotes from our insurer partners Allow you to tailor cover to your clients needs Are backed up by iprism s highly experienced Underwriters and Account Executives dedicated to providing you with a first class service Tradesmen & Contractors Directors & Officers Retailers Professional Indemnity Office Professionals Surgery Teachers & Tutors Residential Property Owners (Buy-to-Let) Wholesalers Commercial Property Owners Internet Traders Hair & Beauty With Premises Without Premises Cleaners Restaurants, Wine Bars & Pubs Personal Accident Mid & High Net Worth Terrorism

28 (4.4w) iprism Underwriting Agency Limited 133 Houndsditch London EC3A 7BX Tel Fax