London, UK (30 May 2013) – Specialist insurer Hiscox has announced a new partnership with Jelf Insurance Brokers that will see the insurer become preferred supplier for the broker’s Management Liability business. The product will also be available to members of the Purple Partnership, a Jelf-owned network for independent insurance brokers.
The three year partnership will be fully operational by July and the portfolio will consist of three modules of cover: Directors’ and Officers’ insurance, Corporate Legal Liability and Employment Practice Liability.
The cover includes:
- Crisis containment, which provides up to £100,000 of public relations costs in the event of a business needing to address negative publicity or media attention.
- Breach costs cover, which provides specialist assistance in the event of a data breach up to the value of £25,000 – this could include conducting computer forensic investigations or notifying individuals and/or regulators.
- Fidelity cover up to £100,000, which protects a business in the event of a fraudulent act by an employee.
- Internet and email cover up to £100,000, which protects against claims arising from a business’s use of the internet, email, intranet, extranet or company website, such as transmitting a virus or privacy infringements as a result of hacking.
Ross Dingwall, Sales Director at Hiscox, explained: “Hiscox already has a great relationship with Jelf, one of our Preferred Brokers, so we’re incredibly excited to be working with them in this way too – not least as this deal leverages our significant expertise in management liability. It also builds on our existing work with Jelf which includes partnerships for recruitment agents, electrical contractors and renewable energy contractors.”
Gary Chandler, Executive Director at Jelf Insurance Brokers, commented: “Hiscox is already a strategic partner for Jelf, but in this tender process we were particularly impressed by their best of breed cover and ease of use – both from our perspective and also the end customers. Their understanding of our business and commitment to work with us to grow the management liability book made them an obvious choice. We look forward to working with them on our ambitious plans.”
For further information please contact:
+44 (0) 20 7448 6619
Notes to editors
About Hiscox UK
Hiscox offers a range of business insurance policies to cover the liabilities and property risks of small businesses and consultants in the UK, as well as profession-specific policies that you can tailor to suit the risks that your business faces. Hiscox also provides specialist insurance cover for homes and their contents, valuables and collections.
For more information, visit www.hiscox.co.uk
Hiscox, headquartered in Bermuda, is an international specialist insurance group listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites mainly internationally traded business in the London Market – generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA.
For further information, visit www.hiscoxgroup.com
Jelf is a leading independent consultancy supporting businesses and individuals with expert advice on matters relating to insurance, employee benefits, health insurance and financial planning. Its purpose is simple: to build a long-lasting relationship with clients and to become their trusted adviser.
Formed in 1989 by Chris Jelf, the Group has 30 offices in 28 locations across England and Wales, employing just under a 1,000 members of staff.
For further information about Jelf, please visit www.jelfgroup.com