Beazley launches new cover on e-trading platform

Latest move allows brokers to efficiently offer the product to clients

Beazley launches new cover on e-trading platform

Insurance News

By Louie Bacani

Beazley has announced that its pleasure craft insurance offering is available to quote and bind through the online risk platform of the specialist marine insurer.
The company’s pleasure craft policy covers a wide range of vessels, from small boats to luxury yachts. It features round-the-clock emergency claims notification backed by in-house claims managers.
The pleasure craft policy provides all risks cover for vessels up to £10 million in value. It also includes innovative cyber cover for losses to navigational and self-steering equipment resulting from malicious code or unauthorized use.
Pleasure craft policyholders are provided with the ability to permanently mark and protect their assets, including outboard engines and other removable boat components, to deter thefts and increase recoveries of stolen assets.
“The release of our pleasure craft product within our myBeazley online platform enables brokers to efficiently offer our specialist pleasure craft product to their clients,” said Ian Hoy, pleasure craft underwriter at Beazley.
The insurer’s e-trading platform, myBeazley, allows brokers to obtain quotes in minutes for many of Beazley’s specialist insurance products, and then bind immediately upon acceptance, with the provision of full documentation being available at point of sale.
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