Broker secures deal with commercial insurer to grow scheme

Broker Alan Boswell Group has teamed up with niche commercial insurer Peach to grow its teachers’ liability scheme.

The scheme is designed to protect teachers and lecturers who are self-employed or provide private tuition, lecturing, or coaching outside of their main employment.

ABG has been looking for a partner to help expand the scheme and felt Peach understood “what we are trying to achieve – both now and in the longer-term”.

David Charles, account executive at ABG, said: “We want to be able to pick up the phone and talk to someone who knows the industry and can make quick decisions.

“We were impressed with Peach’s agile approach and openness when working together on the scheme.

“We are very excited about partnering with Peach to grow our teachers’ liability scheme and potentially developing new schemes in other niche markets.”

Strategy

The partnership also forms part of Peach’s three-year growth strategy, with the insurer looking to secure long-term partnerships with brokers who are looking to service professions in niche areas.

The firm does not plan to make big alterations to ABG’s teachers’ liability scheme, but said it was committed to “providing the level of love and attention needed to support its growth plans”.

Head of commercial trading and distribution Ryan Bendelow said: “At Peach, we are all about working with brokers that have niche specialisms and understand the specific covers their customers need.

“ABG has been providing insurance to the teaching sector for a long time and is the preferred insurance supplier for the majority of teachers’ unions.

“That means they really understand the key issues and emerging risks facing teachers who provide private tuition outside their normal employment and are not protected by employer’s liability cover.”