Do you have any of these risks?
At FTA Insurance, we are always keen to win more new business!
It does not matter if it is a small, medium or larger risk; we like to look at any of your submissions.
In need of a quote?
Send us an email at [email protected] and you’ll receive a guaranteed Fast Turn Around response from our friendly team.
Below are some examples of the risks we won in February 2024:
- Professional Indemnity – Medical Centre
Activities: including general health, immunisations, allied health services and skin and telehealth consulting (excluding doctors, gynecologists and midwifery as FTA does not provide coverage for these type of occupations).
Revenue circa: $1.5M
FTA’s Comments:
FTA assisted the broker in obtaining the first PI policy for their client; a Medical Centre. This policy was placed for a $2M limit at a base premium of around $1,600.
- Management Liability – Management Consulting firm
Activities: HR & Management consulting, Business Processes and Consulting in workforce planning and transitions.
Revenue circa: $7M
FTA’s Comments:
The broker wanted to move their client away from their current insurer due to insufficient coverage. Quotes were obtained from the market and the broker placed the risk with FTA for a $2M limit at around $2,800.
- Design & Construct Insurance – Residential Builder
Activities: Residential Builder undertaking full design and construct contracts.
Revenue circa: $2M
FTA’s Comments:
FTA is usually not keen on full D&C Builders due to their design exposure, however, this builder only had ‘drafting’ as a design aspect and contracted any engineering or surveying services out to a 3rd party. We applied a D&C sign-off endorsement and the policy was bound for $1M Limit at around $4.4K.
- Combined PI & GL – Recruitment & Consultancy firm
Activities: Providing permanent full-time and part-time placements for Allied Health professionals.
Revenue circa: $500K
FTA’s comments:
Did you know that FTA has a specialised coverage for white-collar labour hire professionals? We are one of the most competitive in the market with the broadest wording! Needless to say that coverage was quickly bound for a $1M PI and $5M GL limit for a premium at around $1,200. broker approached FTA as they were remarketing this D&C risk on behalf of their client.
- Information Technology Liability – IT Consulting firm
Activities: Providing defensive cyber security consulting services such as systems and network engineering, incident response, detection engineering, security audits and threat hunting.
Revenue: $1M
FTA’s comments:
The Broker approached FTA looking for a last-minute quote as their client was not receiving much attraction elsewhere. We were happy to provide a quotation for a $5M PI and $20M GL limit for a base premium of around $2,800.
We have a very broad appetite for a wide range of occupations
Whenever in doubt, please give of of our underwriters a call on (02) 9003 1660 as they are always happy to chat through any of your risks.
Or simply send us an email a [email protected].