Dated and predictable insurance policies is just one of the risks to your business. Professional advice on constructing an adaptable insurance ‘proposition’ that can not only support your growth ambition, but evolve with it, is what we do

No matter what sector you are in, trust us to help you proactively manage your exposures with a tailored programme that responds in the way that your business dictates, not a generic ‘one size fits all’ approach

Whilst business can grouped into industry sectors, each business has it’s own unique exposures and challenges. The same can be said for you as a director or someone in charge of purchasing insurance. Each of you worry about being impacted by different incidents or events. Your insurance programme should take these worries into consideration. Evolution Risk Group understand the importance of your concerns and aim to develop a truly bespoke programme for you.

Highly technical and evolving at an ever-increasing rate. Whether you are designing and manufacturing components or hardware, developing software or running a Datacentre then the technical detail of your Insurance protection is vital. Having a policy that responds to the way that you run your business and generate income is critical to ensuring you can recover or even survive in the event of an incident. One of the main drivers for a well-rounded insurance programme for a Tech company is contractual disputes. A failure in your product or service given could lead to an expensive legal journey and one that needs the backing of a comprehensive Professional Indemnity / Errors & Omissions policy.

Risk Considerations

  • Professional Indemnity -Contractual disputes
  • Cyber
  • Business Interruption (revenue protection)
  • Intellectual Property Rights (IPR)
  • Patent
  • Worldwide jurisdiction
  • Third Party vendor or Internet Service Provider (ISP) failure
  • Directors & Officers (D&O)
  • Risk management / mitigation
  • Clean room dependency

Specialist activities require a specialist insurer. Whether you are into drug discovery, devices or contract research you couldn’t be further away from needing an ‘off the shelf’ insurance policy. You need an insurance policy that responds to the way in which you generate or receive income. This is not in line with most other businesses so why buy the same insurance how most other businesses do?

Risk Considerations

  • Research & Development business interruption
  • Milestone payments
  • Clinical trials
  • Keyman
  • Temperature and humid control
  • Intellectual Property Rights (IPR)
  • Patent
  • Products Liability
  • Regulatory
  • Clean room dependency

Protecting high stock values to managing hazardous production equipment is an important part of running your business. The same could be said for your suppliers. How would a Fire or other incident affect the running of your business? A tested Business Continuity and Disaster Recovery Plan (BCP/ DRP) is essential for sustaining income. Understanding the consequences of a failure of your products and how you’d respond if an item is to be recalled needs specialist support

Risk Considerations

  • Business Continuity Planning / Disaster Recovery
  • Product Recall
  • Supply Chain
  • Fire Protections
  • Health & Safety
  • US Exports
  • Motor Insurance
  • Driver Training

Whether you buy or sell, service, repair or offer recovery services you will need a combined package plus road risk cover to ensure a good level of protection. Road risks in particular can represent a challenge for insurers especially due to claim volumes. Managing your road risk and the pride that your employees take in your company vehicles can influence how attractive you are as a potential customer. Whether you have made no claims or have a chequered claims history Evolution Risk Group will work with you to tailor the best solution for your needs.

Risk Considerations

  • Driver Training
  • Commercial Combined Package
  • Heath & Safety
  • Risk Mitigation

Complex construction projects and contractual agreements along with high expectations of Health & Safety and stringent regulatory requirements calls for your reputation to be managed effectively. A well scoped our insurance programme can ensure you are protected in the critical areas

Risk Considerations

  • Contract Works
  • Existing Structures
  • Non Negligent Liability
  • Advance Loss of Revenue
  • Environmental Impairment Liability
  • Construction Plant
  • Latent Defects
  • Motor Fleet
  • JCT Clauses

Just because your office is your main working environment it doesn’t mean that a simple office policy adequately protects you. Business Interruption and Professional Indemnity are your two main exposures. There are various ways in which your revenue can be derived and therefore protected. Business Interruption is an area that can be expensive to insure and still not protect you in the correct way. Evolution Risk Group will advise you on the most effective way to protect your revenue both from a cost and cover perspective. The second main area for your business is Professional Indemnity / Errors and Omissions. Whilst manufacturing firms primary concern is Products Liability your concern is from the advice and design that you provide causing financial loss to your customers

Risk Considerations

  • Business Interruption and how you’d recover from an incident (Business Continuity Plan / Disaster Recovery)
  • Professional Indemnity / Errors and Omissions
  • Directors & Officers
  • Cyber

From small to large portfolios there are extremely competitive policies in the market offering wide covers to help protect your assets and liabilities. Insurers are particularly looking for modern purpose built commercial properties but there are still many competitive options for redeveloped and residential portfolios. The level of self insurance plays an important role when an insurance company considers offering you a policy especially if you have a history of frequent claims

Risk Considerations

  • Self insurance levels (Excess or Deductible)
  • Public Liability
  • Terrorism
  • Managing unoccupied premises
  • Claims & Risk Management
  • Directors & Officers
  • Engineering & inspection cover (Boilers / Plant / Lifts)

Whether you run bowling alleys, pubs & restaurants, theme parks, leisure centres or gyms you require a typical all encompassing insurance programme. With the potential of high footfall and high value assets its important that you appoint a broker that helps you manage your risk to ensure a consistently low claims history over time. An effective broker will also help you manage a poor or deteriorating claims record to ensure your premiums remain competitive. Insurers in any space, but none more so than here look for Insureds that are aware of their exposures and proactively manage them. If you don’t do this then you can expect increased excesses and punitive terms being applied.

Risk Considerations

  • Public Liability
  • Health & Safety
  • Subcontractors
  • Fire Safety
  • Denial of Access
  • Loss of attraction
  • Loss of Licence

… or ‘etail’? today retailers have a far more complex business model than in the 80’s or 90’s. With many sales now taking place online it’s vitally important that you understand the complexities around data protection, especially where peoples payment details are at risk and supply chain.

With the potential for larger warehouses and manual working to fulfil online orders, staff training will be key to a well managed business that protects its staff from injury

A typical retail policy would need to be supplemented by other covers to ensure a comprehensive programme.

Risk Considerations

  • Public Liability
  • Supply chain
  • Business Continuity / Disaster Recovery
  • Brand protection
  • Cyber

Meat processors to bottling & packaging plants represent completely different risks to an insurance company

With the potential for lots of different types of injuries to your employees its important to have a detailed and well documented training plan, potentially in different languages, especially if you have a diverse work force.

Supply chain and business continuity are two key areas that need to be well protected with some specialist machinery requiring longer lead times

Risk Considerations

  • Supply Chain
  • Business Continuity Plan / Disaster Recovery
  • Employee training
  • Health & Safety
  • Machinery lead time