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complex risks and non-standard insurance

COMPLEX RISKS

 

There is no insurance industry definition of 'complex risks' but it is generally accepted that complex risks are commercial risks that would be covered by a non-standard insurance scheme.

The majority of commercial insurance policies are provided from standard insurance schemes ie. A predefined policy is chosen from an ‘off the shelf’ scheme and will have preset limits in the extent of the cover offered as well as financial limitations.

When a business finds it requires a non-standard insurance scheme then a specialist commercial broker will be required to create a complex risks insurance policy.

EXAMPLES

 

Complex risks and non-standard insurance requirements are not confined to any one area of industry or commerce.

Specific examples of complex insurance or non-standard requirements might be :

 

  Multi Tenure Office Insurance 

 

  Construction Insurance

 

  Sizable Plant & Industry Insurance

 

  Large Commercial Property

 

  Engineering Insurance 

 

  Shopping Centre Insurance

 

  Large Event Insurance

  Risks with Poor Claims Experience

  Risks with Substandard Construction

NON-STANDARD INSURANCE

 

There are a number of reasons that a business may require a non-standard insurance scheme to cover their commercial risks. Examples might be :

  The risks are unusual and only a non-standard

  insurance scheme will mitigate the complex risks

  The scale of the business, event or property is outside

  of the standard scheme limitations

  The commercial risks are too hazardous

  Specialised risk management is required to be able to

  offer cover for the commercial risks

  A number of differing commercial risks are required to

  be combined

YOUR BENEFIT

 

By contacting Carvel Insurance Brokers you and your business directly benefit from :

  A business partner who is expert in understanding

  commercial risk requirements

 

  Rapid assessment of complex risks scenarios

 

  Fast turnarounds for non-standard insurance quotes and

  proposals

 

  Access to a partner who will negotiate directly with the

  City on your behalf

 

  Direct negotiations that result in maximum discount being

  driven into quotes and renewals

YOUR CHOICE

 

As a specialist commercial broker, non-standard insurance is second nature to Carvel. These are the specific reasons why you should let Carvel quote on your complex risks business:

  Carvel has key high level contacts & relationships in the

  City and Lloyds markets, as well as with multiple major

  UK general insurers

  Carvel’s non-standard insurance specialist, has thirty

  years experience of structuring complex risk solutions

  Carvel assists customers with client risk management

  solutions when required

Carvel Insurance Brokers is a trading style of Bowlin Insurance Consultants Ltd who are

Authorised and Regulated by the Financial Services Authority, FSA Registered Firm No 306703

Complex Risks, Non-standard Insurance, Commercial Risks

Carvel Insurance Brokers ~ 1 Poultry ~ London ~ EC2R 8JR

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