Hiscox strikes deal with Jelf

Hiscox has forged a partnership with Jelf Insurance Brokers that will make the specialist insurer preferred supplier for the broker’s management liability business.

The Hiscox management liability product will also be available to members of the purple partnership, a Jelf-owned network for independent insurance brokers.

The three-year partnership announced today will be operational by July. The portfolio involves three modules of cover: directors’ and officers’ insurance, corporate legal liability and employment practice liability. 

 The cover includes:

• Crisis containment, which provides up to £100,000 of public relations costs to address any negative publicity or press coverage.
• Breach costs cover, which provides specialist assistance in the event of a data breach up to the value of £25,000. This could include computer forensic investigations and notifying individuals and/or regulators.
• Fidelity cover up to £100,000, which protects a business from the risk of a fraudulent act by an employee.
• Internet and email cover up to £100,000, which protects against claims arising from a business’s use of the internet, email, intranet, extranet or company website, such as transmitting a virus or privacy infringements as a result of hacking.
• Hiscox sales director Ross Dingwall said: “Hiscox already has a great relationship with Jelf,  one of our preferred brokers, so we’re excited to be working with it in this way too – not least as this deal leverages our significant expertise in management liability. It also builds on our existing work with Jelf, which includes partnerships for recruitment agents, electrical contractors and renewable energy contractors.”

Jelf Insurance Brokers executive director Gary Chandler said: “Hiscox is already a strategic partner for Jelf, but in this tender process we were particularly impressed by their best of breed cover and ease of use, both from our perspective and also the end customers.”