Alps, a leading provider of insurance add-on policies, legal expenses, and claims solutions for intermediaries, has announced the launch of its new Commercial Excess Protection.
The Alps Commercial Excess product allows brokers more flexibility when arranging commercial insurance for clients whilst helping businesses secure greater protection against their specific coverage needs. By increasing an excess brokers can reduce the premium on the core commercial policy.
With limits from £250-£2,500 the new product provides valuable peace of mind with lower total premium spend. Underwritten by Collinsons, its flexible underwriting approach combined with Alps’ broker distribution arm, ensures businesses can mitigate unexpected financial burdens and enhance business continuity and stability.
Speaking about the launch Michelle O’Reilly, Managing Director at Alps commented: “This is a fantastic new addition to our growing suite of highly responsive add-on policies. It has been designed to enhance standard commercial insurance cover, whilst lowering premiums, thereby allowing brokers to be even more competitive when securing the best possible protection for their commercial clients. This product is differentiated from others in the market in terms of both value and outcomes. It’s backed by a specialist MGA, and the assurance that comes with our award-winning technology and service.”
Alps offers a broad suite of add-on covers including sole trader, commercial, landlord and family legal expenses; motor related add-ons including excess protect, tools in transit, vehicle replacement, road rescue; and property related add-ons including landlord excess protect and home emergency, key cover and second property legal expenses. The capacity for its products comes from a growing panel of strongly rated insurers and it operates a number of delegated authority arrangements, allowing it to offer brokers a fast and efficient service.