The benefits of using a specialist insurance provider

In the second of our series of articles on industry insurance, Luigi Maggio, director and Chartered Insurance Broker at NASC Insurance Services, explains some of the key benefits and advantages that come from using a specialist provider.

NASC Insurance Services was formed for members as an exclusive product to reflect your level of professionalism and industry standards. But what are the advantages of using such a specialist insurance broker?

1. Expert Knowledge and advice

Tailored solutions: We offer a deep knowledge in both the scaffolding sector but also understand what it means to be a member of NASC and what it requires. We use this depth of understanding and experience to recommend policies that are best suited to your specific needs, rather than a general options that may not be suitable.
Understanding complex policies: NASC members work in complex environment (high-risk locations, training apprentices, complex scaffolding designs), and we can guide you through the complexities of the insurance requirements for these scenarios, helping you understand what’s required, how to secure the best terms and how to reduce your insurance risk.
Experience of market cycles: As specialists, we also have long standing experience in understanding and navigating market cycles, depending on whether rates are hard (expensive) or soft (highly competitive). You should have a different buying strategy in each case to secure the best terms.

2. Access to an exclusive range of policies

Broader selection: While we work with all insurers across the sector and have access to policies from multiple providers, we provide a wider range of options compared to many other providers.
Exclusive deals: And, as the exclusive provider to NASC we have established relationships with insurers that reflect your reduced risk, and the use of TG/SG guidance to ensure robust processes. This means we can secure more beneficial policy terms or rating on your behalf.

3. Personalised service

Ongoing support: We pride ourselves on offering a personal service throughout the period of your policy, making the process smoother for you and allowing you to focus on your day-to-day business.
Claims assistance: If you choose to use our services, you are provided with a small, dedicated team to work specifically on your account. In the event of a claim, we can help navigate what can often be a complex process, ensuring you meet all necessary requirements. Where required, we can provide on-site visits on your behalf to support you with any insurer and loss adjuster meetings.

4. Risk management and data packs

Trends and data: We will help identify any gaps in your current insurance coverage and, importantly, any trends in incidents and claims. You will be provided with quarterly data packs on risk performance, business analysis and risk plans. We work throughout the policy as an extension of your team.
Advice on risk reduction: We can offer additional advices to help you minimise risk, which could potentially reduce premiums or prevent claims through on-site surveys, review of processes and documentation for claims defence purposes.

5. Access to niche products and advice on emerging risks

Specialised products: While you’ll always be looking for traditional insurance cover in area such as liability, fleet and plant, we offer an advice-led proposition for niche insurance products that are not so obvious. For example, we offer cyber insurance, fine art insurance and unique liability coverage. We can help you find the right coverage that isn’t readily available from standard insurers. Better still we understand how it would affect your business operations.
Emerging risks: As the business landscape changes and becomes more challenging, we identify emerging risks or gaps in your protection. We discuss this with you in simple terms and without confusing you with complex jargon, so you can make a balanced decision. Key risks at the moment include the threat of cyberattacks, general crime, and climate change.

NASC Insurance Services can offer significant value through our expertise, access to the market and personal service. We tailor the best policy and cover for your business, combined with highly competitive premiums.

For more information or to discuss your needs, visit https://www.nascinsurance.com/ or contact hello@nascinsurance.com