This company is a specialist contractor offering a range of PWay, OLE and Civils packages services as well as labour supply to Network Rail PCLs.
Their Employers/Public Liability had been completely mis-sold by their broker because they were being charged as though all of their work was packages.
We wrote a 12 page summary of all their contracts making clear where liability lay with each and describing how risks are managed by the business for packages work. The results were that their annual premiums reduced by nearly 60% and we provided our specimen set of labour supply terms and conditions to tighten up their trading terms and reduce their contractual liability.
The result was a £31,000 annual premium saving and we also obtained insurers agreement to waiving £9,000+ of declaration adjustment additional premiums for their increased turnover results.