Case Study
Haulage company requires Ascend to correct their insurance programme to cover new on site HIAB
A rapidly growing haulier who was expanding his business to other activities urgently needed a review of their insurance requirements.
The covers in place were basic haulage insurance for a lorry and goods in transit insurance. A review was done and figures taken of activities for Ascend to offer terms on correct basis and activities. In short, the correct covers were offered. The haulier advised that paid £6,000 the previous year, but knowing didn’t have the correct cover accepted with thanks terms at £12,000 for the covers required.
Key Business Achievements
The Problem
Inadequate business description/activities and policy coverage.
We discovered:
▶ Incorrect business description
▶ Underestimated turnover
▶ We placed; Commercial vehicle, Combined liability, Goods in transit, Machinery movement, Contractors plant, Excess layer liability covers.
The Solution
Ascend moved quickly to offer the client the correct covers and discussed with client to understand the business activities and then prepared an in-depth underwriting information for discussion with specialist insurers in the client’s sector.
The process was as follows:
▶ Immediate response and terms obtained on correct activities.
▶A full presentation and summary of what we are providing
▶ Advice on limits/terms and conditions
▶ Conclusion of an all-inclusive package
We used our expertise and to assist the insured during this difficult time.
▶ Now covered for activities undertaken
