Member Article

Insurance Specialist Launches New Division

An expanding insurance specialist has launched a new division to cater for the cash-rich and time-poor.

Inspire Insurance Services, an independent commercial insurance broker operating all over the UK from its base in Coventry, has assembled a bespoke package for high-earners.

The private client division provides cover for personal possessions – from multiple homes and vehicles to fine art, jewellery and pets – in one policy and with one renewal date each year.

Managing director Leigh Mackey said: “The launch of our private client division has been borne out of demand from company directors.

“It is aimed at cash-rich and time-poor individuals who want a single broker to provide a single insurance policy for their personal belongings and requirements.

“The package that we have developed also means that there is just one renewal date each year so it saves time and inconvenience of updating as well as shopping around for different policies for top-end cover.”

The division already caters for individual clients who have, for example, a fleet of cars, a holiday home, horses, pets and even light aircraft or small pleasure craft – all of which can be covered by one policy.

Mackey added: “The cover is dramatically different to a typical policy and is a broker-managed portfolio service rather than a price-driven product.

“For example, if a householder’s property is flooded then a standard household insurance company is likely to provide a caravan in their front garden as temporary accommodation.

“With this level of service, the insurance company would rent you a property with an equivalent value and size to that of your home or put you up in a hotel to match your normal surroundings.”

The new division represents a further development for the fast-growing company founded in 2010 by Mackey, who built the core business on the manufacturing sector after identifying a gap in the market.

The company, based on the Middlemarch Business Park, Siskin Drive, is already recognised as a leading broker in its field and plans to diversify into more sectors and product ranges.

This year the company reached the final in the Insurance Start-Up category of the British Insurance Awards. It was also shortlisted for Commercial Lines Broker of the Year and employee Neil Mackey was a finalist in Young Broker of the Year at the UK Broker Awards.

This was posted in Bdaily's Members' News section by Inspire Insurance Services .