BIBA appoints Yutree to provide new liability scheme for members
2nd September 2015
The British Insurance Brokers’ Association (BIBA) has appointed Yutree Underwriting to provide a new liability insurance scheme that will allow brokers to place unconventional or quirky liability cases including public, products and employers liability.
The Yutree scheme is specifically designed to cater for liability risks that do not fit online or other e-solutions. With low minimum premiums starting at £150 plus IPT and no upper limit on turnover the new arrangement is a valuable tool for brokers needing to place out of the ordinary liability risks. Flexible and individual underwriting mean that even overseas exports, multiple trades and difficult extensions can be considered.
Yutree Underwriting is a division of Yutree Insurance Ltd, specialising in providing liability and contractors insurance for the broker market. Yutree have a firm stance on only using rated insurer markets with excellent financial security.
Laura High, Director at Yutree said; “Identifying a market for out of the ordinary liability risks can be difficult and that’s where BIBA members will benefit from access to our underwriters who are used to dealing with this type of enquiry. Members will benefit from a speedy response, quote exclusivity, immediate document issue and excellent claims service helping to give them a competitive edge.”
She continued “Our approach is refreshingly traditional and we make a virtue out of discussing the individual needs of the clients with our brokers. We back all of this up with an excellent claims service, working with our brokers to ensure that their clients’ needs are met at every stage”
Mike Hallam, Head of Technical Services at BIBA said “This scheme will help our members offer a fully rounded service to clients with complex liability insurance needs. It means that brokers will be able to provide a full portfolio of cover where before they may not have been able to assist, which will further enhance their customer relationships.”
To find out more about Liability by Yutree visit www.yutree.com/brokers.
Notes to editors
1. For further information please contact:
BIBA press office:
Pam Quinn, Communications Manager
020 7397 0223
2. About British Insurance Brokers' Association
The British Insurance Brokers' Association (BIBA) is the UK's leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes just under 2,000 regulated firms having merged with the Institute of Insurance Brokers (IIB) in November 2011.
General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.
54% of all general insurance is sold by an insurance broker and they arrange 79% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 400,000 people a year to access insurance protection through its Find a Broker service, both online and via the telephone.
BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.