MMA Insurance (UK) announced that it “has enhanced its Shops, Offices and Surgeries products with a new level of rating sophistication on its Broker Online system.” It also noted that the developments “have also resulted in reduced minimum premiums, rate reductions on ‘target trades’ and extended ‘work-away’ availability (with reductions on specific trades).”
Brokers can access the improved Shops and Offices rating using the Broker Online trading system, which “offers the quickest and most efficient way to place Micro SME business with MMA. The online system is fully supported by MMA’s Micro Underwriting Team for risks that fall outside standard acceptance criteria.”
In addition MMA noted that it “offers options to pay by installments (via direct debit), an extensive list of acceptable trades and full cycle functionality.”
MMA’s Director, Commercial Underwriting, Paul Hodgson commented: “With so much choice in the small commercial insurance market, brokers need to make sure they provide their clients with a competitive and comprehensive product.
“As such we want to ensure we provide our brokers with the best choice when it comes to these smaller commercial insurance risks. In order to do that we have widened the range of acceptable trades and there is now a host of new rating factors which will ensure competitive premiums.”
Source: MMA Insurance (UK)
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