Case studies

Auction property needing urgent cover – Property

Our brokers client purchased a property late on a Friday afternoon.

The property was a grade II listed vacant mill with a rebuild of £5.5M which the property owner planned to convert to flats.

Without any information on fire and theft protections Link2 were able to quote and bind the risk on their in house binder the same afternoon subject to a monitored security alarm being in place within 14 days of inception.

As a result the broker was able to provide the client with almost instant cover on a non standard property owners risk pending policy obligations being met within the quoted timescale.

Problem new tenant – Property

A broker called Link2 explaining a property owners client who owns a multi tenure industrial site had recently had a tenant vacate.

The new tenant moving in Imminently is a sawmill meaning the composite market had issued 7 day notice of cancellation.

Link2 were able to place the risk into the lloyds open market noting the new tenant and supplying the broker with a comprehensive policy covering the new tenants business activities.

Oil disposal company new processes – Casualty

An oil disposal company informed the retail broker late in the renewal process they were now processing the oil aswell as disposing of it meaning this risk was now classed as recycling.

Link2 placed this risk via the Lloyds open market who not only covered the new processes but improved on the previous casualty rate all within a 48 hour turnaround.

Scaffolding firm with large loss and liquidation – Casualty

A scaffolding firm which had an old liquidation dating back 5 years circa £1M approached Link2 for a combined liability quote via one of Link2s retailers.

Following the death of an employee due to a freak accident the firm were getting declines from the market.

Link2 worked with the broker on remedial actions going forward to mitigate the loss and provided terms from a Lloyds open market syndicate.