We’re delighted to share that following the successful launch of our Wages and Turnover Assured product with Irwell earlier this year, the scheme has performed exceptionally well. Building on this success, we’re introducing a series of rating enhancements designed to strengthen our competitiveness and help our broker partners deliver even greater value to clients.
Senior Technical Underwriter, Chris Hasketh, commented:
“Following the strong launch of the Wages and Turnover Assured scheme in January, and in line with our commitment to supporting our Broker Partners, we’re delighted to introduce further rate improvements from Irwell. These changes will enhance our brokers’ ability to win business, particularly across the Motor Trade and Contracting sectors.”
Here are the key enhancements now live:
- Reduced Minimum Premiums: Now from just £120 (excludes IPT or Fee) for combined Employers’ & Public Liability (LOI £1M) on low-hazard trades, reinforcing our competitiveness on smaller liability risks.
- Motor Trade: Base rates reduced across all hazard groups and indemnity limits. Combined with the new lower minimum premiums, this ensures strong competitiveness for smaller motor trade risks. Service Indemnity can now also be added at a more competitive charge.
- Improvement to Trade Classification and Rating across the following target trades: Aerial Erectors & Satellite Dish Installers, Air Conditioning Contractors (Domestic), Bathroom Installers, Blind Fitters, Carpet Fitters, Ceiling Contractors (Domestic), Double Glazing & Conservatory Installers, Electricians (Domestic), French Polishers & Upholsterers, Ground Workers, Property Maintenance & Repair, Refrigeration Engineers, Shed & Garage Erectors, and Sign Makers & Erectors.
- Market Traders & Retailers: Enhanced rating, particularly at lower Public Liability limits.
- Electrical Contractors: Improved rates where up to 50% of turnover relates to 3-Phase work.
- No Claims Discount (NCD): Increased discount for 1-year earned NCD.
- Voluntary Excess: Greater discount is available at the £1,000 excess option.
Additional Cover Highlight – Wage Replacement
Our Irwell Liability Scheme also includes “Wage Replacement” cover under the Employers’ Liability section.
This provides indemnity for wages paid to employees unable to work following a RIDDOR reportable accident, where liability is clear and agreed. It’s designed to offer financial reassurance to both employers and employees in the event of a workplace injury. Standard statutory Employer’s Liability coverage remains unaffected. (Click here for full details.)
We’re confident these enhancements will create even more opportunities for you to place competitive and compelling business with Commercial Express through our Irwell Liability Scheme.
If you’d like to discuss these improvements further or have a specific risk in mind, please don’t hesitate to get in touch with our team today.
