About Easy Broking Online Ltd

Objective:

The principle objective of the Company is to support independent intermediaries throughout the UK by providing them with commercial insurance through a web-based trading platform – whether the intermediary is in the office, on the road or on the insured’s premises.

Constitution:

Established in 2007 in the City of London, Easy Broking Online Ltd. is one of a few underwriting agencies that conducts and operates its business through an electronic trading platform that is fully supported by experienced underwriters. The Company currently operates under the regulations of the FSA as an Appointed Representative of a highly respected Lloyd’s insurance intermediary – Alsford Page & Gems Ltd. The corporate and underwriting management of the Company are highly experienced and well-known in the London and provincial insurance markets. They are supported in turn by private and public shareholders that all have considerable experience in the insurance sector.

Underwriters:

Currently supporting the trading platform are Andrew Chisnall and Jeremy Lewis who have between them achieved more than fifty years underwriting experience in the SME class of insurance. They represent the human element support to the underwriting and claims ability of the trading platform. In this capacity they combine the disciplines of the trading platform with the experience of underwriters who are readily available to assist with technical issues and also maintain excellent service levels.

Service Levels:

The Company’s stated objective is to respond to all referrals on the trading platform referrals and other technical underwriting matters within 24 hours. In practice and to date, the response to intermediary enquiries has been immediate or within three to four hours. For extremely urgent or important referrals intermediaries are welcome to telephone the office to speak with an underwriter where it is expected that the matter would be dealt with within a few minutes.

Underwriting Capacity:

Easy Broking Online Ltd. distributes its insurance products electronically by means of two trading platforms on behalf of:

1. Lemma Europe Insurance Co. Ltd.; whose registered office is at 57/63 Line Wall, Gibraltar and is authorised and regulated by the Financial Services Commission (FSC) of Gibraltar.
2. Novae Underwriting Ltd.; which is a Lloyd’s Service Company underwriting on behalf of Lloyd’s Syndicate 2007 whose registered office is at 71 Fenchurch Street, London, EC3M 4HH, FRN 311883.

Trading Platforms:

Both platforms use modern technology and incorporate all of the underwriting reference points for SME business previously experienced by the Company’s underwriters during recent years. This will enable the user – in real time – to manage the quotation, underwriting, policy administration and documentation, mid-term adjustments, accounting and claims of their client.

At the same time it allows the Company to maintain electronically all of the intermediary’s insurance transactions - thus creating an automated audit trail of these transactions.

The trading platforms transact business in “real time” and in maintaining Compliance it provide Contract Certainty to the intermediary and the insured.

Products:

The trading platforms have been designed to allow the client intermediary to offer the insured the available products wherever there is web access on a laptop or desktop either at the premises of the insured or at the offices of the intermediary. Currently available products include:

For Lemma Europe Ltd

Package:

• Wine Bars;
• Public Houses;
• Takeaways.

Property Owners:

• Buildings of Occupied Commercial Properties - most trades are considered:
• Buildings of Unoccupied Commercial Properties - most types of unoccupied buildings are considered;
• Blocks of Flats;
• Private Houses.

Commercial Combined:

• Manufacturing;
• Wholesalers;
• Warehouses;

For Novae Underwriting Ltd

Package:

• Retail Shops & Supermarkets;
• Offices;
• Hotels & Guest Houses;
• Restaurants & Cafés;
• Public Houses & Wine Bars:

Property Owners:

• Buildings of Occupied and Unoccupied Commercial Properties – most trades considered;
• Blocks of Flats – excluding residential houses.

Package Product:

This Package insurance policy has been designed specifically for:

• Takeaways (excluding Fish & Chip Shops)
• Public Houses
• Wine Bars

This policy provides a comprehensive package to cover the requirements of these chosen sector trades.

Our Key Facts document provides a more detailed description of policy coverage. However, the main features of this standard policy include:

• Buildings cover - with an option to include Accidental Damage,
  Subsidence and Terrorism;
• Contents cover - with an option to include Accidental Damage,
  Subsidence and Terrorism;
• 25% seasonal increase for Stock items at key periods throughout the year;
• Automatic Business Interruption following an insured peril up to £250,000 with a 12 month indemnity period - with options to increase the indemnity period up to 48 months;
• Denial of Access;
• Public Utilities and Suppliers extensions;
• Money and Personal Accident Assault;
• Goods in Transit up to £5,000;
• Employers Liability £10,000,000;
• Public & Products Liability £2,000,000 - with an option of £5,000,000;
• Book Debts of £50,000 automatically included;
• Deterioration of Frozen Foods - £2,000.

Package products supported by Novae Underwriting Ltd can be found on: www.easybroking.co.uk

Commercial Combined Product:

The Commercial Combined insurance policy has been designed specifically for single site locations for a wide variety of occupancies including:

• Manufacturers
• Wholesalers
• Warehouses

Cover may be arranged for individual sections or as a whole with cover available for:

• Property Damage (Fire and Perils with options to include Accidental Damage, Theft and Subsidence);
• Business Interruption;
• Money;
• Goods In Transit;
• All Risk Business Equipment;
• Book Debts;
• Deterioration of Stock;
• Loss of Licence;
• Employers Liability (£10,000,000 Indemnity);
• Public and Products Liability (Up to £5,000,000 Indemnity).

This policy provides a comprehensive range of coverages for this chosen sector.

Our Key Facts document explains more detailed policy coverage.

For other products supported by Novae Underwriting Ltd can be found on: www.easybroking.co.uk

Property Owners Product:

The Property Owners insurance policy has been designed specifically for the Property Owner - whether the property is occupied or vacant.

Easy Broking Online Ltd. is able to consider a range of properties including:

• Sole occupancy commercial properties
• Multi tenure commercial properties
• Unoccupied commercial properties
• Occupied and Unoccupied residential properties
• Blocks of flats
• Student lets.

This policy provides a comprehensive range of coverages for this chosen sector.

Our Key Facts document explains more detailed policy coverage. However, the main features included in our policy are:

• Buildings cover - with an option to include Accidental Damage, Subsidence and Terrorism;
• Loss of Rent following an insured peril;
• Property Owners Liability £2,000,000 - with an option to increase to £5,000,000.
• Cover under certain circumstances may be extended to include:
• Glass (Occupied Properties);
• Impact while Unoccupied;
• Landlords Contents.

Property Owners products supported by Novae Underwriting Ltd can be found on: www.easybroking.co.uk

Agency Application

Please download our Agency Application Form - click here

Terms of Business Agreement

Please download our TOBA - click here