At Compariqo, we specialise in partnering with insurance brokers who have construction clients. However, we’ve noticed that a significant number of brokers in the UK are either uncertain or unaware of the incredible potential offered by Latent Defects Insurance.
We partner with Insurance Brokers who have construction clients
By choosing Compariqo as your trusted partner, you can confidently offer your clients first-class cover, while eliminating any risk to your brokerage. We strive to empower your business with the flexibility it needs to seize the opportunity at hand, all while ensuring your clients are in safe hands throughout the 10-12 years of coverage they receive.
Our unique offering for Insurance Brokers provides you with the flexibility and freedom of having your own capacity, without the burden of tedious admin tasks.
What can we offer brokers?
As an insurance broker who has construction clients, this is what we can offer you:
Dedicated Broker Management Team
We take great pride in our dedicated Broker Management Team, consisting of industry specialists with extensive knowledge and expertise in the construction insurance sector. Our team is committed to providing personalised support and guidance to brokers, ensuring that every aspect of their partnership with us is seamless and successful.
We understand the importance of efficiency and prompt service for brokers. That’s why we take pride in our ability to deliver same-day quotations, providing you with the information you need in a timely manner. Our streamlined processes and advanced technology allow us to swiftly assess project requirements, gather necessary data and generate accurate quotations, ensuring that you can respond quickly to your clients’ needs.
No reinstatement value (RV) limit
We believe in supporting brokers with projects of any scale. That’s why we proudly offer coverage without any limit on the reinstatement value (RV) of a project. Whether it’s a small-scale renovation or a large-scale construction endeavor, our team is equipped to provide comprehensive insurance solutions tailored to meet the specific needs of each project.
Dedicated Account Manager
We understand the importance of personalised attention and dedicated support for your business. That’s why we assign a specific account manager to each of our broker partners. Your designated account manager will serve as your primary point of contact, providing assistance, guidance and addressing any inquiries or queries you may have. In addition to being there for your day-to-day needs, your account manager will take care of all the administrative tasks related to any referred business.
White label system for instant quotes
We offer the opportunity to have your own quoting software, tailored to your brand identity. With this personalised system, you can generate instant quotes for your clients with ease and efficiency. Our portal empowers you to showcase your brand while leveraging our advanced technology and extensive insurance knowledge. You can customise the portal to align with your branding elements, such as logos, colours and messaging, creating a consistent and professional image for your business.
We'll travel to you
We know the value of face-to-face interactions and the importance of building strong relationships with our broker partners. That’s why we go the extra mile by offering the flexibility to travel to your jurisdiction for meetings whenever required. Whether you’re based locally or in a different region, our dedicated team is committed to providing personalised service and support. We believe that meeting in person fosters a deeper understanding of your business and enables us to tailor our services to meet your specific needs.
Benefits for brokers who partner with us
- You’ll gain unmatched flexibility and freedom
- We’ll provide you with access to our capacity, allowing you to offer first-class cover to your clients without the burden of time-consuming admin tasks
- You’ll have the confidence to protect your clients while safeguarding your brokerage
- Your clients will be in safe hands throughout the extensive 10-12 years of coverage they receive.
Insurance options available to our brokers
As an insurance broker who has construction clients, we understand the significance of offering a diverse range of options to cater to your clients’ needs. We go above and beyond by providing not just one or two, but a variety of three options for you to choose from. And we don’t stop there – we are continually expanding our offerings to ensure that you have access to the widest array of solutions available in the market.
Option 1 - A-Rated
On the top ten list of the world’s largest insurance companies with total assets exceeding $1 trillion and a net income of $13 billion. Passported into the UK by BCR ltd we can offer your clients flexible limits on their developments whilst having no upper limit.
Option 2 - Unrated
A company that has grown to be larger than most rated insurers in the UK. FSCS protected and among its many accolades, it is the largest supplier of surety locally in Europe.
Option 3 - Unrated
As a company that is unique in that it is employee-owned, this has served them tremendously well in generating growth. Proving a 100% year-on-year increase in net written premium for the last four consecutive years, whilst increasing their balance sheet to $260m as a result of this extraordinary growth.
What else do we offer our brokers?
While we take great pride in our expertise in providing latent defects insurance, our offerings extend far beyond that. In addition to our comprehensive coverage for latent defects, we also provide you with the opportunity to source a range of other essential services, including:
- Insurance Backed Guarantees (IBGs)
- Building Control
- Professional Consultants Certificates (PCCs)
We also have partnerships with others to source other services such as:
- Development Finance
- Performance Bonds
- Contractors all risk