Specialist business broker services for hard to insure businesses

Research suggests that up to 80% of UK businesses may be underinsured, leaving them exposed to substantial financial risk. While underinsurance can be the result of businesses not purchasing sufficient cover, for many it is driven by the difficulty of obtaining insurance in the first place.

Certain sectors like construction, surveyors, engineers and architects are viewed as higher risk by insurers, often because they are more exposed to possible litigation. These sectors include construction and technology, and encompass professionals such as architects and engineers, who may all face challenges when attempting to secure cover.

To address this gap in the market, Meadow Broking, an independent brokerage based in Reading, has launched a specialist broker service designed specifically for businesses and professionals that are harder to insure.

Frank Hernandez, Managing Director at specialist business insurance brokers Meadow Broking, said: “While some businesses simply don’t buy enough insurance, for many others the problem is finding an insurer willing to provide business cover at all. That’s where we can help. With our newly launched website and quote tool, we specialise in building tailored commercial and professional indemnity insurance packages for companies and professionals who have struggled to secure insurance elsewhere.”.

As independent brokers, Meadow Broking are not tied to a limited panel of insurers. Instead, the firm has access to policies from a broad range of providers, including specialist and niche insurers. Combined with many years of industry expertise, this enables Meadow Broking to arrange tailored insurance solutions that meet the specific needs of each business.

As Frank explains: “No matter how difficult it has been to secure business insurance, we believe we can help. Being underinsured is a false economy and can prove far more costly in the long run. We don’t believe any company should have to operate without adequate cover.”.

To search for your ideal business insurance cover visit: https://meadowbroking.co.uk/