Lockyers, and their MD Jon Newall, are widely regarded as the market leading brokers for placing insurance for piers. Up to today their bespoke product has only been available to clients directly, however, the facility is being opened on a wholesale basis to other insurance brokers. The facility was developed by Lockyers and supported by host insurers in the London Insurance Market.
The facility can accommodate, Leisure Piers, Working Piers (including Wharfs, Quays & Docks) and the reconstruction and renovation of piers.
Jon Newall (MD - Lockyers) commented, “This facility has been carefully designed over the past 4 years, to create a partnership in risk control between the pier owners and insurers, to make previously uninsurable risks more palatable to the market…… and to make premiums and terms more bearable for the policyholder. We’ve also taken great care to ensure the wording has a marine bias to ensure the exposure of these unique properties to the seas and other elements, is covered correctly”
Jon also added “This is the first product of hopefully many to come, and represents the birth of our wholesale division as part of our growth strategy. We aim to concentrate on higher risk liabilities and the Leisure Sector initially, and want to develop partnerships with other customer focused independent brokers”