Following a tough 18 months in the insurance sector with Covid-19 affecting all sectors of the economy together with a hardened market, insurers are continually pushing for higher premiums, higher excesses, restrictions in cover, reduced capacities, etc.. This has been a challenging time for business owners and the like who have not been able to accurately forecast their insurance premiums for the forthcoming 12 months.
We have had great success in this area due to advanced discussions with Underwriters to ascertain % increases expected and to be able to give our clients the ‘heads up’ and discuss options to ensure minimum increase in premiums as possible, whilst still maintaining maximum cover.
Lothbury UK Ltd have continued with existing insurers and also extended our offering with new markets within Lloyd’s of London. We have also relocated our London Office within the Lloyd’s of London Building so we have quick and direct access to Underwriters.
We consider our Core Values to be of great importance and we have instinctively upheld these during a difficult trading period over the past 2 years and taken each challenge as a positive change towards our continued growth and success.
These are Lothbury UK’s core values;
Commitment
We take time to understand each of our clients’ unique activities so we can fully appreciate their business needs. Ensuring our advice and recommendations are tailored to each individual’s requirements and go the extra mile to exceed their expectations.
Excellence
We are passionate in providing a professional and personal service, building strong working relationships and sharing our combined experience of our dedicated staff. We believe that with each satisfied client, we build a stronger network that supports insurers and policyholders alike.
Honesty
We are honest, upfront and transparent with all our clients and staff in equal measure.
Respect
We safeguard our clients and staff with shared respect and professionalism.
Drive
We act as an extension to our client’s businesses and have a team approach to help drive their business forward. Finding a solution is our passion.
With our personal bespoke service, we are always on hand to help guide prior and during your insurance policy cover.
If you would like your insurance cover to be reviewed please get in touch with us today, either via email info@lothburyuk.com or via telephone 01244 322456 or 0207 488 1704.
