Insurance Services
BVCA
Nick Davis Hotter Group (Gresham LLP)
Following your
introduction, we were able to secure an additional premium reduction from Chartis. As you state, Marsh do have incredible buying power and there were no further discounts available, but without the involvement of the BVCA arrangement we would have not got this. Thank you and keep up the good work.
The BVCA has negotiated agreements with global insurance partners which leverage the £1bn spend of the BVCA community to negotiate preferential insurance terms which can be accessed by your existing broker. There is no cost to either BVCA Members or investee companies to access preferential terms, no additional commitment required and no change to your programme structure, as benefi ts are offered on an individual policy basis. Benefi ts are simply accessed by your insurance broker at the time of purchasing insurance by inviting Partner Insurers to quote.
Darren Taylor Neverfail Group (Fidelity Growth Partners)
BVCA were extremely helpful when we contacted them and once we put them in touch with our broker they dealt with everything and generated savings over our renewal quote of 40%.
Nigel Newton Vivacta Limited (Spark Ventures)
Vivacta has made signifi cant savings through working with BVCAIS on insurance renewals in 2011. This is a very useful service to enhance our position with insurers whilst complimenting the work of our existing brokers.
Hugh Lenon Phoenix Equity Partners
Phoenix made substantial savings on our management liability [PI/D&O] insurance. We involved BVCAIS at an early stage, arranging for them to work in partnership with our broker to ensure we maximised any benefi ts available through BVCA Partner Insurers. We were impressed with the way BVCAIS worked as our advocate with both insurer and broker to achieve the desired outcome.
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