Managing Director, Geoff Hall explains:
“The annual premium paid to insure commercial property and the UK’s SME businesses is worth approximately £60 billion per year according to DataMonitor, which generates commission in excess of £10 billion.
"The potential to tap into this lucrative market has never been greater as these businesses are looking at all of their outgoings due to the pressure of the economy.
"IFA’s and mortgage brokers are in a prime position to do so as many small business owners are amongst those seeking financial advice from this professional sector.
“Until now advisers didn’t have the ability to tap into their clients’ commercial insurance needs quickly and easily and secure a lucrative place in the distribution chain.
"Now we’re able to change that. We are offering to support selected advisers in developing a significant commercial insurance book with their clients.
"Our team will be on hand with training to help them behind the scenes, but the crucial client relationship remains with the adviser and the commission income is significant.”
The system will provide access to many classes of commercial insurance including property owners (both residential buy to let and commercial property, either single properties or portfolios of properties) and SME businesses, such as shops, offices, surgeries, restaurants and so on.
