We were contacted by the Managing Director who was concerned about their insurance arrangements, not just in respect of the risks the business faced at that point in time, but also in view of their growth plans. Whilst the company was evolving quickly and also venturing into overseas territories, it appeared that their insurance policies hadn't been reviewed. The Professional Indeminity cover had exclusions which would likely render the policy ineffective for some of the work they were undertaking.
The Managing Director had worked with CLEAR in the past and contacted us again to review the cover in place . On review, we highlighted the issues with the programme in force and advised that new cover needed to be urgently arranged. Using our wide knowledge of the market and close ties with the insurers in the sector, we were able to obtain quotes for replacement cover that was going to be fit for purpose and put it in force by the end of the same week.
CLEAR continue to work with the client, ensuring the exposures their continued growth brings to the business (both domestically and internationally) are properly insured with reputable insurers.