General Insurance

If you have been with the same broker for a number of years, as your business evolves your insurance policies may not always keep pace with your needs…

Additionally, if you leave an insurance review until just before the renewal date, it is all too easy to renew on existing terms.

With this in mind, CHC has arranged a free, no obligation, confidential insurances review for our clients. Ascend Broking Group is based in Essex and is a specialist, award-winning commercial insurance broker with many years’ experience of helping business owners.

How does the free review work?

CHC Ascend Advantage is a confidential risk review service which allows you the opportunity to have an independent review of your existing insurances, safe in the knowledge this will not be disclosed to your current broker, thus maintaining your existing relationship in the event you choose not to move.

For further information or to arrange your free review, please get in touch with us today.

At CHC we want our clients to be able to access an independent review of their commercial insurance provision. We want clients to know they have the insurances they need, required by law, and to have access to other insurance products.

We have arranged with Ascend Broking Group, an award-winning commercial insurance, high net worth and risk management insurance broker who have recently added the National Insurance Awards 2022 Commercial Broker of the year to their list, based in Essex – whose owners have many years of experience in the industry – to offer a no obligation confidential review of your insurances who have recently added the National Insurance Awards 2022 Commercial Broker of the year.

Our experience has shown that if you’ve been with the same broker for a number of years then, as the business evolves, it is not always the case that the insurance policies change with your needs – such as cyber insurance. And when the review of needs is taken too close to the renewal date, it is all too easy to renew on existing terms.

Ascend recommend this is undertaken well in advance of renewal, or shortly after, and under a confidentiality agreement will:

Review the makeup of your business, the way you trade and the risk exposures you have.
Review the policies currently in place, their wordings, conditions, endorsements and exclusions.

The CHC Ascend Advantage report will:

Outline those risks, the insurances they would expect you to have in place, the ones you may want in place, and the basis and level of the cover required to meet the exposures you have.
Identify any potential gaps in cover and level of sums insured (if there are any) between what they would recommend, and your current policies placed.
Make recommendations (if any) for changes and improvements to your cover.
Benchmark the premium you are paying against the current market rates, so you can confirm how competitive your current premium is.

Confirm if the placement strategy being followed is providing the optimum solution for your business and, if not, allowing time to be innovative and create another.

If no issues are found, the report will confirm you are placing your faith in the right broker.

The insurance market is in turmoil and a different approach may be needed to achieve the best possible result for you. Underwriters are inundated with enquiries, and we know that Ascend’s well established approach enables them to manage workload and attract the most competitive terms.

You can find out more about Ascend here.

CHC will not benefit from any business you may decide to place with Ascend Broking Group, although if we are involved in providing information to support proposals then we will charge in the normal way.

Insurance Products You May Need

Public liability – Covers third party claims for property damage and injury.

Employers’ liability – A legal requirement for all businesses with employees, covers employees, labour-only subcontractors and volunteers for accident and sickness caused in the workplace.

Products liability – Whether you manufacture, sell or distribute products, you can be held responsible for the injuries those products cause.

Professional indemnity – An important cover when providing a professional advice or service, cover is provided for financial loss, personal injury and property damage resulting from your negligent act, error or omission.

Directors and Officers – A director, officer or trustee can still be held personally liable even in a Limited company, this covers the cost of compensation claims made against these individuals for alleged wrongful acts.

Material damage – Buildings are normally a company’s or individual’s most valuable fixed asset, which material damage covers, but it does not stop there; from contents to machinery and stock, it is important to make sure your material assets are covered to the correct sums to avoid underinsurance.

Business Interruption – Covering loss of income during periods when you cannot carry out business as usual. This cover normally only comes into effect when a material damage claim occurs, however there are various extensions to provide further cover.

Motor Fleet including specialist vehicles – From company cars to a fleet of HGV’s, we have a broad panel of A class rated insurers that can provide competitive terms, along with many risk management strategies to reduce claims.

Cyber Insurance – With 90% of crime now being cyber related, it is important your organisation, no matter how big or small, is covered from cyber threats. Statistically, 60% of small–medium sized business that fall victim to a cyber-attack do not recover.

Transit Marine and Cargo – A type of goods in transit policy, marine cargo covers the safe transport of goods and merchandise by road, rail, sea and air.