SPECIAL REPORT
SPECIALTY BROKERAGES 2017
Duncan Spencer, CEO
EDIA East Sussex ENVIRONMENTAL LIABILITY
Over the last 20 years, Duncan Spencer, director of EDIA, has been working in the environmental market. He has spent the last 10 years on underwriting
Annette Baguley, scheme account executive
SIGNELITE Mansfield SIGNS AND GRAPHICS INDUSTRY
Recognising a clear need for an insurance product to fulfill the needs of the sign and graphics industry, Signelite was created in 2007. “The sign industry is actually substantially [diverse] and to cover everything
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environmental risks around the world. Today, EDIA offers clients environmental insurance broking and consulting services providing solutions to difficult environmental issues. With experience leading some of Europe’s largest and most successful environmental underwriting teams, Spencer has worked on a full range of environmental placements. This knowledge gives him a unique outlook on the market. “The market insures two main areas: historical pollution events, liability for which attaches to the current landowner, especially as part of transaction or development; and new pollution events,” Spencer says. “Given the added pressure on our environment and the increasing age of our infrastructure, pollution events have the potential to occur more and cause more damage.” In terms of servicing clients, Spencer admits that his biggest challenge in insuring this sector is simply awareness. “These liabilities are significant when they hit, but publicity and awareness of them tends to be limited – businesses causing environmental harm do not want to let the public know,” he says.
these companies do can present a bit of a challenge,” says Annette Baguley, scheme account executive. “Whilst a commercial combined policy will pick up the majority of the cover: the manufacture, machinery, contents, tools, business interruption, public/products and employers liability … there are a number of things sign companies do which are not standard and would generally be excluded under a normal commercial combined policy,” says Baguley. Thus, specialist cover is required for this particular industry, as standard policies really do not protect most sign companies adequately. Signelite products provide the above cover, and in addition, motor trade policies are also available.
EVERARD INSURANCE West Malling MARINE
At the center of British trade, the maritime industry accounts for more than 500,000 jobs in the UK - contributing £22.2bn to UK GDP, according to Maritime UK. Everard Insurance specialises in marine and related general trade insurance, including arranging marine hull, war and P&I protection for owners and operators of workboats, tugs, supply vessels, yachts, container ships, tankers. In addition, Everard facilitates insurance on cargoes of every description. Everard is also the authorised insurance broker for the Professional Boatman Association.
JOHNSTONE INSURANCE BROKERS Scunthorpe WATERCRAFT
Johnstone Insurance Brokers offers watercraft insurance covering hull and liability risks not just for individual owners but also for clubs and other associated commercial risks. Its program has been around for over three decades, with one of its first few schemes starting out in the 1980s, when a commercial client bought a Wetbike in the US and needed to insure it when he got back. A scheme was created on the back of the original plan, and the client has remained with the company, even though the original Wetbike is long gone, says MD Chris Harper. Johnstone positions itself as the only locally owned independent broker in Scunthorpe. Set up by Roger Johnstone in 1983, the business grew and welcomed three directors over 15 years, It joined Willis Commercial Network in 2002 and was re-established as a new company with a management buyout in 2006.