Author: Louise Meeson
Source: Insurance Age | 07 Sep 2010
Categories: Commercial, Broker, Insurer
Tags: Business Interruption | Property | Commercial Combined | Sterling Insurance | Underwriting
Underwriting Agency David Oliver Associates (DOA) has chosen Sterling Insurance Company to underwrite its new Platinum Commercial Combined policy.
Policy features include no minimum premium and low premium finance as David Oliver Asociates said it wants to help its partner brokers build long term relationships with small businesses that are likely to become large businesses.
The platinum policy has been designed to cater for multiple locations up to £12m property / business interruption exposure per location.
David Oliver said the deal with Sterling reflected his plans to identify insurer partners that "provided the right long term fit to complement his ambitious growth plans to double the size of DOA over the next five years". "Basically, Sterling Insurance ticked all the boxes," he added.
David Sweeney, director of general insurance at Sterling, said: "We are delighted to have secured this opportunity to work with David Oliver Associates to grow our respective businesses. This success is further testimony to Sterling's ability to deliver tailored insurance solutions which provide significant benefits to its business partners."
Mr Oliver added: "Whilst we are only at the halfway stage, we now know that 2010 will be our best ever year and we have revised our forecast to 43% growth compared to our initial 10% goal - the great thing is that we are achieving this organically by delivering a great service to our partner brokers and we are already finalising plans to build further on this next year, so watch this space."
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