A name you can trust
British Insurance is one of the UK’s leading independent Redundancy Insurance providers and part of the Towergate Partnership - the largest independent insurance intermediary in Europe.
When British Insurance launched the business, they had to gain permission from the then Secretary of State and Industry to use the word ‘British’ in our Company title. Very few firms are allowed to do this, as to do so you have to demonstrate pre-eminence in your field, via the provision of supporting evidence from third-parties.
Having provided endorsements from insurance industry and media commentators British Insurance were delighted their high ethical standards and market-leading portfolio was recognised. For them, the agreement to use British in their name was the ultimate accolade and over the years they have built upon their solid foundations and trusted reputation to develop policies with insurers that are all-encompassing and widely accessible and affordable for all.
Their portfolio is recognised by third-parties as ‘ahead of the pack’ and as a result, they have won more awards and received more third-party endorsements than any other Redundancy Insurance provider.
Why? Because British Insurance products are easy to understand, transparent, competitively priced with extensive support services and benefits and more importantly, reflect customers’ needs rather than insurers’.
Its ongoing product development with insurers clearly demonstrates their desire to put customers first. In 2006, British Insurance were one of the first to offer policies that included partial cover on pre-existing conditions, as well as stress and back-related conditions (two common reasons for sickness absence and excluded on many policies). They tackled same sex discrimination with the removal of lifestyle questionnaires and the HIV exclusion and offered tax free benefits payable from day one as opposed to the industry average of 30, 60 or 90 days.
In the belief that those least likely to claim should not have to subsidise others, British Insurance’s policies were age-rated. This made cover more affordable for first time buyers who could now purchase policies that would meet their home loan payments if they lost an income. And because they were portable between lenders, it enabled them to swap to a cheaper mortgage deal.
Its monthly contract could be cancelled by the customer at anytime (many providers at the time only offered cover that was non-cancellable and added to the amount borrowed) and British Insurance introduced options for redundancy, accident and sickness.
British Insurance is socially responsible, leveraging its reputation and relationships with insurers to extend cover to a wider audience. They were among the first to offer Redundancy Insurance policies with carer cover, financially supporting people who give up work to care for a family member for up to a year. This move was applauded by the charity Carers UK and British Insurance has been invited to work more closely with this organisation.
They also recognised that whilst those buying their own home could purchase cover to enable them to keep up their mortgage repayments if they lost an income, providers were not supporting the millions of people in shared ownership schemes or renting.
Redundancy Insurance cover is traditionally only available to people meeting a certain criteria. Those on lower incomes in social housing and shared ownership schemes, who are financially more vulnerable (and can be argued in greater need of this product), were excluded.
In August 2008, an industry-first was announced when their insurers made provision for households involved in shared ownership schemes. As a result, British Insurance were applauded by Housing Associations for supporting a Government programme that aimed to help more than 100,000 households into home ownership by 2010.
One month later, in recognition that all families are at risk of losing their home when an income’s lost, whether buying, part buying/renting or totally renting, British Insurance launched a policy specifically for the rental market. A move welcomed by the National Landlords Association.
Its products are market-leading not just because of their inclusive criteria, but because they are accompanied by outstanding support services. As well as offering back to day one payouts, age-rated premiums and a choice of cover options.
British Insurance makes no apologies for highlighting their product developments over the years as they demonstrate their commitment to provide policies that are easy to understand and purchase. Insurance can often be full of jargon, small print and exclusions, and expensive. This is not the case with British Insurance. Because their policies are only available online, their overheads are low, which in turn, keeps prices competitive.
There are those who can only profess to be market-leading with their customers’ best interests at heart, and those who easily demonstrate they are. British Insurance are the latter and because they believe actions speaker louder than words, they are confident you will trust them to deliver the same outstanding products and service for you.
Recognised as a’ safe pair of hands’, British Insurance is financially sound with an unrivalled reputation for fairness and morality. They are trusted and respected because they have the expertise, experience and contacts to be able to offer policies that advocate inclusion, rather than exclusion.
