Business Insurance NEWS

Commercial Insurance with Julie Heatley-Thomas - Senior Account Executive - Prescott Jones

Graduate Trainee Programme Bears Fruit

Jack Prescott, the first of our 2020 graduate intake, moves into a new role as Trainee Commercial Account Executive.

Jack, a graduate of the University of Derby, brought with him some business experience having work-ed for a sports charity before be-coming a director of a sportswear company. Having spent the past 12 months across the range of disciplines involved in commercial insurance, it became clear that Jack’s immediate future was in training to become an Account Executive.

Mentored by Sales Director, Mike Protheroe, Jack is engaged in an accelerated technical training programme which also sees him join experienced Account Executives on their visits to existing and new clients in various business sectors.

Mike Protheroe said, “Jack is already demonstrating that he understands business and his insurance technical knowledge is growing week on week.”

Jack commented, “I am thoroughly enjoying the process of understanding the risks businesses face and negotiating solutions with insurance companies. There is a lot to learn but I am surrounded by colleagues with a wealth of experience.”

Professional Indemnity Insurance Buyers Beware

Following years of strong market competition which kept pricing in check, there are fewer insurers willing to insure professional indemnity risks. The result is often very large premium increases and additional terms being applied.

If you operate in high risk sectors such as construction, then you should definitely be discussing your renewal tactics at least three months before renewal.

We are regularly asked by businesses to quote immediately prior to renewal, after they have been hit with large premium increases. Often it is too late for us to intervene.

The time has passed when it was enough to just fill in a professional indemnity proposal form, and let a broker obtain quotes for you. You sell your business skills and culture to prospective clients, it is time to do the same to the insurance market.

Contact us for a confidential discussion, mid insurance term.

Prescott Jones Insurance Solutions

Caswell House, 53 Walter Rd,
Swansea SA1 5PW
Tel: 01792 459898

Email: Julie.heatley@prescott-jones.co.uk

www.prescott-jones.co.uk

 

 

 

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