We are delighted to announce the launch of our brand-new Liability (Per Capita) product underwritten by A-rated Tokio Marine HCC and exclusive to Commercial Express.
The facility is unique to the UK liability market, in that it is one of a limited number of Per Capita schemes that offer a CAR extension. The CAR package extension includes Contract Works, Owned Plant, Hired in Plant and Employees Tools and Effects. There are 6 differing CAR packages to choose from.
CAR package cover is not available in isolation and Northern Ireland risks are subject to a 30% load.
Another fantastic feature of this facility is the majority of trades also benefit from a Nil Third Party Property Damage excess. Contracting trades are subject to £100 excess in the main.
Our Head of Underwriting Tom Bolstridge comments “We are pleased to announce the launch of a new scheme under our popular Per Capita product backed by Tokio Marine HCC. Offering similar standard covers as you would expect from a Commercial Express liability scheme, it also has the option to include CAR Package cover. This is quite a different offering in the market and provides a good amount of cover at a competitive premium across scaling levels. The new scheme also demonstrates how we aim to add value and provide different options in the Commercial Express product range to suit our brokers needs”