Mason Owen introduces new commercial flood proposition

It calls on the help of two market innovators

Mason Owen introduces new commercial flood proposition

Catastrophe & Flood

By Paul Lucas

When developing your commercial flood proposition, why not call on the help of two market innovators?

That is what Mason Owen Financial Services has done, with the brokerage teaming up with both Qlaims Insurance and FloodFlash for its latest proposition.

FloodFlash, of course, installs mobile-connected sensors at the client’s property, which report on flooding. A parametric policy is agreed on from the outset and this automatically pays out when the water reaches a certain height and the sensor is triggered. Now, Mason Owen will offer the client a policy from Qlaims Insurance alongside the FloodFlash policy – clients can then call on Qlaims’ loss adjustors in a project manager capacity as the property is repaired.

“Working with these two innovative MGAs delivers a best-in-class flood claims service for our clients,” said managing director Andrew Gibbons. “There will be no debating with insurers over policy wording and no claim forms to fill in. The client will have funds in their bank to carry out repairs immediate remediation, which will be overseen by a professional who can manage the many contractors and processes required to get businesses trading as soon as possible after a flood.”

Meanwhile, Qlaims CEO Malcolm Harvey described Gibbons as a “pioneer” in helping customers, while FloodFlash commercial director Brent Jackson said that the brokerage had combined “the best in new products.”

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!