Folgate enters the mid-corporate property market with an increased risk appetite of £30,000,000
Folgate Insurance have announced their entrance to the mid corporate property market with the launch of a brand-new facility that can cater for risks with a sum insured up to £30,000,000 (including uplifts).
This new facility will give brokers a much-needed hand in not having to re-broke risks that fall into the mid-corporate property market arena.
All Folgate products containing property cover can cater for £30m risks, with the majority of these expected to be Wholesale Warehouses, Manufacturers, General Combined Risks, Residential Blocks of Flats, and Commercial Property.
Ian Russell, Group CEO/CUO said, “I am delighted that we are now able to help brokers place their larger risks, quickly and efficiently. Many of these clients will have their insurance spread over multiple insurers and policies. Our unique selling point is that we can cater for most classes all under one policy, making life easier for brokers and saving precious time.”
Authored by Folgate Insurance
About Folgate
Since our establishment in 1993, we have always built our business on relationships and service via our UK broker partners, each of whom have direct access to a selected Business Account Manager.
Our commercial lines products include property owners, shops, offices, hotels, commercial combined, contractors, tradesman, cleaners, excess of loss and professional indemnity, all traded via our own extranet system as well as a select presence on Acturis.
Brokers have the ability to quote and buy on our on-line trading platform, but also have direct access to our experienced underwriters for anything they need to discuss, or to send submissions over.
Our limits per risk are as follows:
- Property £25,000,000
- Employers Liability £35,000,000
- Public & Products Liability £35,000,000
- Professional Indemnity £10,000,000
We strive to constantly evolve our products and offerings, with some exciting new launches coming soon, including more via Acturis.