Mi Specialty, provides high quality underwriting solutions for UK intermediaries. The BIBA Commercial Property Flood scheme assists businesses that have either suffered previous flood damage or are in a perceived difficult flood area.
This specialist product offers flood cover in isolation or Commercial Combined and Property Owners policies offering full perils.

Target risks
– Manufacturing and distribution
– Retail, office and professional trades
– Real estate – private and residential
– Coverage solutions for full cover, and excess of loss

Key policy features
– Superior policy coverage including:
– Breakdown of equipment including computers
– Directors’ and officers’ liability
– Legal expenses that includes contract disputes
– Personal accident cover for directors
– A full range of business interruption extensions are included as standard
– Goods in transit, money, loss of licence, deterioration of stock are automatically covered

SME extension
– For businesses with assets of less than £1m
– Flood only cover for either a £25k or £50k limit in the aggregate in the period of insurance
– Defined amount of cover for immediate and necessary expenses incurred following a flood

Key benefits to members
– Branch offices located in London, Birmingham, Manchester and The South Coast
– Exclusive quotations
– Direct access to the decision-makers
– Multiple cover options available

About us
The Lloyd & Whyte group had purchased the entire shareholding of R&Q Commercial Risk Services Limited from R&Q MGA Limited.

The business will now fall under the umbrella of Mi Specialty which is born out of the acquisition of R&Q CRS Ltd (now known as Mi Commercial Risk Ltd) and Stride Underwriting.  Bringing the two businesses under one banner of Mi Specialty creates one of the most comprehensive MGAs with a huge amount of expertise, knowledge, and A Rated Capacity.  This will not impact the cover and service provided by the BIBA Commercial Property scheme but you can find more information here or visit the MI Specialty website.

Summaries of cover 

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