London, UK (2 May 2013) – Specialist insurer Hiscox has teamed up with broker Abbeyfields to launch a niche insurance policy that caters for the bespoke needs of wedding car hire companies. The scheme provides one of the widest levels of cover available on the market currently, and will cater for wedding car hire companies of all shapes and sizes in the UK – whether they operate one motor or an entire fleet.
It will provide cover for standard risks such as breakdown, public liability and employers’ liability, in addition to personal car registration cover up to the value of £5,000, extended personal accident cover with a limit of £30,000 and motor legal expenses up to £100,000. The policy also includes an agreed value option, meaning that the true value of the car rather than the diminished market value will be paid in the event of a loss, and named drivers can be covered for an inability to drive due to ill health or as a result of having their licence revoked.
Lee Turner, National Schemes Manager at Hiscox, said: “We recognise the unique challenges that come from insuring wedding cars and have worked collaboratively with Abbeyfields as well as professionals in the wedding car trade to create a market-leading solution that truly meets the needs of these particular businesses.”
David Bird, Director at Abbeyfields said: “We have over 25 years’ worth of experience in the wedding car hire market, and a knowledge and enthusiasm that stood out to the team at Hiscox. Our understanding of the needs of wedding car hire companies, teamed with Hiscox’s professionalism and attention to detail as a major schemes underwriter, has enabled us to together create a bespoke product that is second to none.”
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
Abbeyfields Insurance started trading in February 2012. It has called upon the knowledge and experience of over 25 years both in Wedding Hire Operator schemes and in the Private and Commercial Insurance market.
Abbeyfields’ philosophy and strategy has always been to satisfy the customer’s needs and deliver exemplary service with the objective of retaining customers and developing its business through recommendations and reputation. In addition to this, Abbeyfields endeavours to understand the needs of its clients and offers products that give it the edge over the competition.