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Commercial Express waives premium increase

Commercial Express waives premium increase | Insurance Business

Commercial Express waives premium increase

Last week, restaurants and pubs were ordered not to open for trade from March 21 as part of measures to help contain the coronavirus. Delivery facilities and takeaways are allowed to remain operational though, and the government has relaxed planning rules so dining places can make the switch during the pandemic without having to seek permission.

Normally this trade change would have a corresponding adjustment in insurance costs, but Commercial Express has announced it will be waiving any additional premium for existing policyholders that will turn themselves into takeaways to continue serving the British public during this difficult time.  

“As an independently run MGA, Commercial Express understands how important it is to help the economy and community,” noted the Brierley Hill enterprise. “The business is aware of the position that people are in due to the COVID-19 crisis. They commit to helping where possible.”

According to the West Midlands managing general agent, brokers describe the initiative as excellent. Commercial Express collaborated with insurers to offer the support, which is available until May 30 or further if extended.

“In these uncertain times, we want to stress that we are doing all we can,” said underwriting head Tom Bolstridge. “We need to support our policyholders. We are still open for business and are here to help you with any questions you may have.”