To help members manage risk, UK body The Finishes and Interiors Sector (FIS), has partnered with insurance consultants Construction Shield and AWL Homeproof to launch a service that promises competitive insurance cover.
The new service offers exclusive access to specialist insurance products at highly competitive prices – including support with professional indemnity, “contractors all risk”, commercial combined business, directors and officers, motor, performance bonds, and a range of other relevant specialist insurance products.
The FIS is focused on compliance and improing risk management in the finishes and interiors sector and cites recent member concern over rising insurance premiums and levels of cover.
FIS CEO, Iain McIlwee, says: “The insurance market has hardened significantly in recent years and created a real challenge for members in large parts of our market. This new relationship is structured to help us to better understand and attack this problem and work better as a community.
“Our mission is all about building an effective compliance environment and reducing risk for members. Understanding the scope and causes of any claim is key to this, as is establishing a closer working link with the insurance sector to help manage out the causes of claims. We see this as very much a first step in terms of developing a healthier insurance umbrella for our community and focusing our technical and commercial services on reducing risk.”
Mark Potter from Construction Shield, adds: “We are enjoying working with FIS who have shown themselves to be a progressive and innovative trade body and very dedicated to the needs of their community. We look forward to working more closely with this community and better understanding pricing and helping to manage risk and also present a healthy and attractive sector to the insurance world. This is something we see progressing over the next few years and we have some exciting ideas around creating a captive and possibly one day a mutual solution that could serve this sector”
FIS Members seeking a quote should contact Construction Shield at least 6 weeks prior to their renewal date with details of their current insurance schedule and any changes that have been implemented in their business.
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