What printinsure does
printinsure helps printers by providing:
- Advice on risk identification and analysis, risk management and control, risk transfer (through insurance contracts) and business continuity and disaster recovery planning and response.
- Breakdown cover for printing machinery.
Keeping on top of changes in the printing industry
printinsure has a strong reputation in the printing industry. Its reputation has been built upon its understanding of what it’s like to be a printer and to supply goods and services to printers.
printinsure has been providing print breakdown policies on presses since 2015. Underwritten by several leading insurance companies, it is printinsure’s expertise that sets it apart from the brokers who place their print customers with the same insurers.
The print industry has been undergoing radical changes over the past 20 years with the move to digital equipment. What started with putting ink onto paper is now accelerating through the market. Printing businesses that were heavily affected by Covid-19 have changed their strategy from large volume, low margin print runs to more specialist jobs using the latest digital technologies.
Unable to provide breakdown cover through the traditional insurers on the latest digital equipment, printinsure turned to Specialty Risks.
How Specialty Risks has helped change printinsure’s business
Specialty Risks’ expertise is in understanding digital technologies and helping users to mitigate the risks of using those technologies.
By working with the team at printinsure, we have been able to develop a whole new breakdown product for printinsure to provide to its customers, covering:
- Computer-to-plate (CTP)
- Digital printers
- Digital cutting machines
- Computers and servers
- Finishing equipment (enclosing, cutting, binding/stitching, folding and gluing machines)
printinsure has amassed a wealth of experience and knowledge and as a natural development was looking to create a product specifically aimed at the pre-press and digital arena. Previously insurers have approached this sector with a tweaked version of a standard engineering breakdown policy. printinsure wanted something that was new and bespoke and really provided a different level of cover. It was terribly important to me find a suitable partner that understood our needs and built what we needed instead of trying to sell me an off the shelf tweaked version of an existing policy.
Speciality Risks has been the perfect partner. Their grasp of technology and understanding of scheme business made them our 1 st choice. The ability to drill down into the analytics and simplify everything on the online quoting tool has been excellent.
Managing Director printinsure
Benefits for printinsure
printinsure now has the capability to provide its customers with breakdown cover for all their equipment.
Breakdown cover is critical for print businesses. It enables them to manage their cashflow and minimise their downtime when their equipment fails. In a highly competitive market like the printing industry, every minute counts.
Not only can printinsure now provide a suite of products no other insurance broker can match, it can increase its profitability through increased insurance sales and higher retention rates.
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