RIAS broken
bones cover R
IAS has launched a new personal accident
product, the RIAS Broken Bones Cash Plan. It provides a lump sum payment of £400 if customers break a bone in an accident. There is no upper age limit and the plan is available to new and current RIAS Home Insurance customers as an additional cover option.
Cover can be for an individual or a couple. The cost is £15.96 a year per person. Key benefits include: no excess payable; no medical required; and no limit to the number of new claims that can be made during the policy.
One in two women and
one in five men can expect to suffer a bone fracture after the age of 50, says RIAS. Janet Connor, Managing Director of RIAS, comments, “Our Broken Bones Cash Plan is a welcome addition to our extensive product range, enabling us to offer high quality, value for money cover, protecting what’s important to our customers.”
At the recent 2010
thisismoney.co.uk awards, the specialist over-50s insurance provider won in three categories: “Most trusted home insurance provider”; “Best home insurance provider for customer service”; and “Best overall home insurance provider”.
Safeonline buys Samian L
loyd’s broker Safeonline LLP has acquired Samian Underwriting Agencies, the specialist intellectual property MGA. All staff and business will transfer into a new division within Safeonline, trading under the Samian Underwriting Agency brand, and Samian will continue to function as a true underwriting MGA representing various Lloyd’s syndicates and insurance companies. David Umbers, Partner at Safeonline, says, “We have always valued Samian’s expertise in this area and, by bringing it together with Safeonline’s distrubiton
platform, we look forward to seeing this division go from strength to strength.”
Ian Lewis, who becomes a Director of the new division, adds, “The Samian team look forward to providing brokers around the world with improved service, easier access to expertise and enhanced coverage and limits as a result of this acquisition.”
Samian will continue to focus on intellectual property risks, such as infringement liability, contractual indemnities, reps & warranties, enforcement risks and first party loss of revenue or asset value.
Emergency assistance forSMEs A
new emergency assistance service for SMEs claims to “elininate the time wasted waiting for contractors, thereby minimising property damage and ensuring business continuity”. Business Emergency
Assistance from Home 3 allows SMEs, in the event of plumbing, electricity or gas emergency, to access a 24-hour claims helpline connecting them to a specialist tradesman. In that call, the parties can arrange a suitable call-out time and are guaranteed service by the nearest quality-vetted tradesman.
The new product is recommended for retail at
between £399 and £599, with brokers offered up to 25% commission. Steve Narey, Product and Marketing Director for Home 3, says, “We are excited about extending the Home 3 offering to small businesses. It’s a unique offer that will allow owner managers to minimise disruption in the event of an emergency and get trading again to maintain that all-important cash flow. The service is available to a broad range of businesses, from manufacturing to retail and leisure - and we’re pleased to be able to offer such attractive commission rates for brokers.”
JUNE 2010 insurancepeople 23
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