Commercial Express

The Value Added MGA

01384 473021

New scheme Liability Wages and Turnover underwritten by Argo and Covéa

DATE: 02/07/2020


We are delighted to announce the launch of our new Wages and Turnover scheme exclusively available to Commercial Express brokers through our online platform, ASSIST.

Underwritten by Argo and Covéa, this Liability insurance is targeted at small to medium businesses associated with the Contract Trades industry. The scheme, is competitively priced, offering rate reductions for claim free experience as well as scaling discounts relative to the size of the wage roll and turnover requirements of the insured. In addition our new offering delivers “broad and dependable” cover for all acceptable risks.

“We are delighted to be able to offer our brokers an alternative, enhanced scheme for Wages and Turnover,” stated Tom Bolstridge, Head Of Underwriting, Commercial Express. “The appetite for this new scheme is aimed at contracting trades, however all trades will benefit from a more granular discounting structure. We understand that cover is centric to your client, which is why we have also reduced the standard Public and Products Liability excess to £250 across the board, with pro rata cancellation terms as standard during these uncertain times.”

With a clear underwriting strategy, we have set our stall out to be competitive for the following Contract Trades: Bathroom Installers, Boiler Services, Bricklayers, Builders, Carpenters, Electrical Contractors, Fencing Contractors, Gardeners, Joiners, Kitchen Installers, Landscaping Contractors, Painter and Decorators, Property Maintenance & Repair.

The policy coverage benefits from: Public & Products Liability available up to £5,000,000 including use of heat, £10,000,000 excluding heat, Bona Fide Sub Contractors cover is included free of charge for annual payments up to £100,000, height work up to 20m is provided without referral subject to the terms outlined in the policy wording.

Optional covers can be extended to: Employers’ Liability cover up to £10,000,000, where this cover is selected, employees are covered for work within the EU, provided that the work is on a temporary basis and the employee resides within the Territorial limits and finally Contracts all Risks is also available as an extension to the policy to meet the varied needs and growing demands of your clients.