Case Study
“I’m so glad I met Ascend, as they reviewed my previous WFH Traders policy and quickly discovered it was no longer sufficient now we had moved into our business premises.”
Sector: Upgrading a Motor Trade Policy
Sub Sector: Transition from WFH to Business Risk Premises
The Problem:
The client had a road risk policy which limited their business activities to 3.5T vehicles and their vehicle indemnity limits to £10,000. But moving into their new units, they had new requirements to consider:
- Employers’ Liability
- Property Sum Insured
- Engineering Inspection
- Vehicle Types including 7.5T
- Public & Products Liability
- Defective Workmanship
The Solution:
We discussed the transition from a working-from-home road risks policy and moving into a Motor Trade Combined policy. We identified their new risk exposures, explained which sections had a legal requirement to insure and which were highly recommended.
The recommendations were dependent on the client’s perspective of the risk, which risks they were happy to “self- insure” and which exposures to cover through their insurance policy with Ascend.
