Insurance policy design
FOR UK BUSINESSES USING ASSET FINANCE
Business Asset Protection Insurance available to all UK business that use asset finance to purchase assets for their business.
Businesses have the choice of taking the insurance cover as part of the asset finance process as an alternative to the mandatory insurance cover put in place by the funders after the finance agreement is activated.
DISTRIBUTION BY FINANCE BROKERS AND FUNDERS
This product can be provided by all UK-based finance brokers and funders who want their customers to benefit from buying a comprehensive insurance policy and at the same time making sure the assets they have financed are protected by a reputable insurer, Axis Specialty Europe SE.
An optional commission is available for distributors at their request.
As soon as a business applies for Business Asset Protection Insurance, our UK based team handles all policyholder communications.
Once a policy is in place, we send a notice to the funder to advise the financed assets are insured.
We are accredited for both ISO 9001 and ISO 27001 for our information security infrastructure and quality management system.
When a broker or funder passes us customer data, you can be assured that we do everything we can to protect it.
When a business is offered the insurance they can either choose to pay the insurance premium by invoice or they can choose to finance the insurance premium.
We collect the insurance premium on behalf of the insurer.
What our distributors say about us
Specialty Risks has succeeded where no other insurance provider has in the past 15 years. Specialty Risks has helped us to bring to the market a product which is better for our customers and helps them understand how to comply with the terms and conditions of their lease.
Finance Director, Bluestone Leasing
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