Call: 01367 246130 | info@bgi.uk.com

Commercial Insurance

We offer a wide range of property, liability and other covers that can be tailored to meet the needs of your business.

We offer a wide range of property, liability and other covers that can be tailored to meet the needs of your business. We have a high level of expertise in a number of key areas – and often find we can “simplify” some of the more unusual and complex risks.

Any number of locations can be covered under one policy.

Bonds and Guarantees

Bonds and Guarantees differ from “Insurance” in so far as the underwriter is merely guaranteeing your ability to “pay”. In the event of a claim the underwriter will make good your “promise to pay” but they will then seek full reimbursement from you, the Bond or guarantee holder.

We typically offer the following:

  • Performance bonds: Normally 10% of the contract price, performance bonds provide for the additional costs to complete a contract if the contractor fails.
  • Retention bonds: Provided in lieu of a customer withholding payment pending final fulfilment of a contract.
  • Duty and customs bonds: Used by importers to defer payment of duty on goods and issued to the benefit of HMRC.

We are experienced in arranging a variety of bonds to meet the demands of even the most complicated of contracts, our broking team can be as flexible as you need, working on a contract to contract basis or giving you additional certainty for your contract negotiations.

Communications, Media and Technology

Bonds and Guarantees differ from “Insurance” in so far as the underwriter is merely guaranteeing your ability to “pay”. In the event of a claim the underwriter will make good your “promise to pay” but they will then seek full reimbursement from you, the Bond or guarantee holder.

We typically offer the following:

  • Performance bonds: Normally 10% of the contract price, performance bonds provide for the additional costs to complete a contract if the contractor fails.
  • Retention bonds: Provided in lieu of a customer withholding payment pending final fulfilment of a contract.
  • Duty and customs bonds: Used by importers to defer payment of duty on goods and issued to the benefit of HMRC.

We are experienced in arranging a variety of bonds to meet the demands of even the most complicated of contracts, our broking team can be as flexible as you need, working on a contract to contract basis or giving you additional certainty for your contract negotiations.

Contractors and Construction

Our knowledge of the construction industry enables us to provide you with a full range of risk management services and specialist insurance advice to meet your requirements.

The construction sector walks hand in hand with risk management. That which is uncertain can lead to the possibility of increased costs further down the line. A well thought out and implemented risk management policy can reduce such uncertainty protecting your business.

We have the capability to offer construction companies bespoke contract works insurance on a case-by-case, and often on an ad-hoc basis, where required to do so as is often a contractual obligation or requirement. Also helping you assess your risk, discuss your companies risk profile and make recommendations that meet your requirements. With our market knowledge we will find the best insurance product for our clients in terms of cover and pricing.

Working with many national contractors we arrange annual or long term insurance solutions to include all projects within pre-agreed limits, or by arranging single contract policies on a case-by-case basis. We have the knowledge and access to bespoke facilities which enable us to cater for your needs.

Whatever your trade, be it cleaners, builders, scaffolding erectors, you will need to protect your business against unforeseen events. You may be working alone, or in partnership, or employ a team of workers for a national company. Whatever your requirements, we can supply you with an insurance solution that is right for you.

Cover would typically include the following:

  • Public liability insurance
  • Employers’ liability insurance
  • Contract works, tool, plant and equipment cover
  • Hired in plant and temporary buildings
  • Commercial legal expenses
  • Business interruption insurance
  • Business premises cover
  • Contents and stock cover

Our strengths include our depth of knowledge, experience, and expertise. Access to leading markets including Lloyd’s of London and bespoke policy wordings.

Directors’ and Officers’ Insurance

With increased regulation in employment, trading standards and health and safety, management Liability (D&O) offers protection for businesses and their directors. We understand how important it is to provide cover that is tailored to your needs and, should you have to make a claim, will make sure your business is back on track as quickly as possible.

The policy can cover you in terms of protecting your personal wealth, or that of any other insured directors, partners or officers. Importantly covering defence costs incurred as a result of a claim and awards made against you.

Some examples are:

  • claims by investors or other shareholders (including other directors)
  • defence costs, compensation and fines payable as a result of a health and safety claim from an injured employee.
  • defence costs and awards of claims arising from your personal involvement with the administration of any company pension
  • a breach of duty or trust
  • negligence
  • defamation
  • wrongful trading

Cover can typically include the following:

  • D&O – covers directors’ personal wealth for defence costs and awards made against them from claims such as those made by individual shareholders or for defence against claims from regulatory, e.g. trading standards.
  • Employment Practice Liability – covers you and your employees against defence costs and awards from employment claims such as sexual harassment or wrongful dismissal.
  • Corporate Legal Liability – covers your client against defence costs and awards associated with events such as alleged breaches of regulations in tax, health and safety, trading standards or corporate manslaughter.

We believe Directors’ and Officers’ liability insurance should be an important part of your insurance package, offering financial protection to those who are the director, partner or officer of a company.

Engineering

Engineering insurance will protect you against unforeseen events that can leave your business exposed to financial loss.

Your machinery and raw materials are essential to the day to day running of your business, without them your ability to trade could be restricted. Unfortunate and unforeseen events can have a huge impact on your livelihood, that’s why we arrange comprehensive insurance that is tailored to your business needs. With a number of optional covers to compliment your business, you can select the covers that are most relevant to you, meaning that you only pay for the cover that you need. As your business grows, you can tailor your insurance accordingly, to ensure you have complete protection to work without worry.

Cover can typically include:

  • Machinery and raw materials cover
  • Employers’ liability insurance
  • Public and products liability insurance
  • Business interruption cover
  • Commercial legal expenses
  • Automatic seasonal increase on stock

We make arranging your engineering insurance as easy and possible. Engineering insurance can be tailored to cover your individual business needs. We understand that one size does not fit all and your business activities are as unique as your insurance requirements.

Healthcare including medical equipment manufacturing / servicing suppliers

A complex and rapidly changing environment; healthcare companies cannot afford to let risks adversely impact on the services they provide.

The healthcare sector often have to face difficult and evolving challenges, including; the increasing cost of care; increased medical negligence claims; a high frequency of employers’ liability claims; the rising costs of medical indemnity insurance; abuse, patient and employee safety; data security; issues with medical implants: and all of this with the increasing reliance on technology.

With industry knowledge and access to leading specialist markets, we can help you identify and source solutions for the risks that would otherwise threaten your operational success.

Our healthcare and medical brokers include claim and risk management specialists who will work with you to tailor the very best insurance solutions through thorough risk analysis. Using our resources including over 20 years experience enables us to help you solve challenges related to your business, property surveys, data and cyber risks, claims and insurance risk management, and utilising our knowledge in the insurance market.

We use our industry sector knowledge to place your risks with the right insurer maintaining the very best cover available. Our risk and insurance broking knowledge helps you to control risk, reduce costs and protect the future of your business.

The following list outlines the extent of cover available:

  • Material Damage
  • Property ~ Buildings
  • Property ~ Contents, Stock
  • Property ~ Loss of Profits
  • Goods in Transit
  • Cargo Insurance
  • Public Liability
  • Products Liability
  • Employers’ Liability
  • Clinical Trials Liability
  • Errors and Omissions Liability

Treatment risk and liability cover for nursing staff generally cannot be insured under this facility. However, we can help with such risks and those of nursing agencies on a case by case basis.

Manufacturing and Industrial

As manufacturing and industrial industries evolve, new risks emerge as technological advancements introduce a range of fresh challenges.

Advancements in technology are creating new opportunities in the manufacturing and industrial sectors. Due to this, new and more complex risks are on the rise. Advancements, particularly with electronic systems means the virtual now controls the physical as cyber and liability risks are on the rise, with technology increasingly controlling manufacturing processes.

We understand that all manufacturing businesses are not the same and each comes with its own risks and complexities. We therefore tailor an insurance solution to meet your individual business requirements.

A tailor made insurance package to suit you can include the following cover:

  • Stock and raw materials cover
  • Factory and buildings cover
  • Public and products liability
  • Employers’ liability insurance
  • Business interruption cover
  • Automatic seasonal increase on stock
  • Commercial legal expenses

Typically, manufacturing insurance can cover your buildings, machinery, stock and raw materials, as well as your clients and employees, and any other trading activities.

Liability insurance protects against injury or accidental damage to a third party or their property, so if a visitor fell over at your premises, your public liability insurance would cover any compensation awarded as a result. Similarly, if a member of staff injured themselves at work whilst using machinery or tools, employers’ liability can safeguard against damages awarded against you.

Your machinery is essential to ensure your business runs smoothly, and if something were to happen then this can have major impact on your business. Safeguarding against insured events can help protect you, and business interruption cover ensures that should the worst happen, your profit and expenses are covered while you get back up and running.

Machinery is a key part of your business, so it’s important to consider how long it would take to replace your machinery when arranging your business interruption cover, to ensure you’re prepared for the unexpected. As well as protecting against fire, theft, flood damage and other perils, we can also arrange engineering inspection and breakdown cover to assist in maintenance and upkeep, helping to minimise the risk of something going wrong.

As a manufacturer you are responsible for the products that you produce, should something happen that causes injury or damage whilst in use. Product liability insurance can be arranged to cover any eventualities, again protecting your livelihood against a compensation awarded against you. This means that if a product you have manufactured causes injury or damage to someone due to being defective, products liability covers damages and costs awarded against you as a result.

Whether you’re manufacturing towels or furniture, bearings or electronics, we understand the cover you need from your manufacturers insurance to ensure you have complete protection. Whatever your manufacturing insurance requirements we can help.

Warehousing

It is essential to have the right insurance policy is in place if you own or run a warehouse to protect your premises, stock, equipment and staff. Whether you are storing extra stock for your own business, raw materials, or goods ready for distribution, warehouse insurance can protect against a variety of unforeseen events, from property damage to public liability claims.

Cover typically includes:

  • Contents and stock cover
  • Buildings cover
  • Employers’ liability
  • Public and products liability cover
  • Business interruption
  • Contents and stock cover
  • Automatic seasonal increase on stock
  • Commercial legal expenses

There are a number of risks which can trigger a claim within a warehouse and stock insurance may not be your only consideration. Goods stored on racking or at height can pose a risk to not only your employees but also to visitors, as is moving stock around your warehouse. If you have employees stacking shelves, or visiting the site, then you will need to take out employers’ liability insurance as well. This will safeguard your business against compensation claims and legal costs, should a member of staff sustain an injury in the warehouse.

If you have clients or suppliers, or even members of the public visiting your warehouse, then public liability cover will need to be included alongside your stock insurance. This will cover accidental injury and accidental damage to property, so if stock fell from some shelving injuring a client; your public liability insurance would cover awards for damages and legal expenses associated with such claims.

If you have fork lifts and delivery vehicles, we can source additional insurance to give you protection which meets your business requirements.

We can arrange an insurance policy for your warehouse which meets your specific needs and requirements.