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Daily Insurance Industry News
Sunday 21st of January 2018
November 30, 2009

APC launches new commercial combined offering

by Gill Montia

Story link: APC launches new commercial combined offering

APC is launching a commercial combined policy which it claims will be one of the broadest in the market.

From 7th December, the underwriting specialist will be able to cater for over 250 different trades across a range of sectors, including wholesalers, distributors, manufacturers, processors, engineering risks and leisure risks.

According to the firm, any risk in the UK that requires property and casualty cover combined can be processed on the new product, which will be available online to brokers, via APC’s QuoteMac system.

Combined cover for material damage and public and products liability come as standard, and the policy can cater for multi- locations and chain franchises.

Whilst aimed at the SME market, larger commercial risks that will utilize APC’s £10,000,000 sum insured authority can be included.

Brokers should find writing the business easy because the statement of fact has been designed to capture all the information required for a quotation at the start.

APC underwriting director, Ian Russell, said: “Brokers have been crying out for an online auto-quote commercial combined product for a long time … with the amount of trades available, brokers should easily be able to find what they are looking for quickly and easily.”

Earlier this month, the firm announced its intention to launch into the UK Directors and Officers market online.

Andrew Coleman has been appointed as D&O underwriter to build APC’s UK D&O book of business.

He joins from Navigators Syndicate at Lloyd’s where he was D&O class underwriter.

 

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