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Corporate Insurances

Obtaining value for money, whilst effectively mitigating risk, has underpinned the approach of many organisations to their insurance requirements.

To assist in this, Mutual One has been operating an Insurance Collective for several years and many Building Societies have already benefited from participating. Mutual One has recently developed a similar arrangement for other mutual sectors with the coverage encompassing:

  • Property – Buildings, Machinery, Stock, Business Interruption, Money, Computers
  • Casualty – Employers and Public Liability
  • Personal Accident and Business Travel
  • Motor
  • Engineering
  • Directors and Officers – including Company Reimbursements and Employment Practice Liability
  • Crime – Employee Dishonesty and Third Party Fraud
  • Professional Indemnity – Errors and Omissions Covers

The main benefits in this collective approach to insurances include:

  1. The potential to reduce premium costs
  2. Wider levels of cover underwritten on a portfolio basis. This will deliver greater price stability and offers a less volatile approach to risk coverage
  3. Development of a profit share arrangement with a collective claims threshold

The basic philosophy is simply that, by negotiating collectively, the terms to be secured will be better than organisations working and negotiating in isolation.  Working together, Firms have more buying power and, at the same time, will allow the insurer to take a broader view of risk.

The Mutual One Insurance Collective facility is provided through a well-known broker and underwritten by a major, well-known insurer.  

Firms can join the Collective at any time, after submitting a minimal amount of basic risk / cover information. Although there is a collective approach to renewal cover and pricing, each participant has its own relationship with the broker and insurer to ensure the arrangements meet their specific needs.  The selected brokers will assist all joiners to the Collective in migrating from their existing relationships to the new arrangement with no disruption of cover.

For discussion and a quotation – including how much we might be able to save your organisation - simply contact our Operations Director, Jonathan Pepper, on jonathan.pepper@mutual-one.co.uk or 07966 865196