Don’t look to fix what isn’t broken, right?

When you’ve had a competitive offering for the last 20 years, deciding to revamp and relaunch it is not a decision taken lightly. Don’t look to fix what isn’t broken, right?

That was the dilemma facing the specialist construction team here at Pen Underwriting. But we also knew there was a better way to provide brokers with easy access to the type of comprehensive flexibility of cover that this diverse, challenging and changing industry demands.

So with our minds focused on Pen’s mantra of making ourselves ‘easy to do business with’ we set about consolidating various different policy wordings into one;  creating a truly modular product, where brokers can choose the covers their clients want and need; and selecting a strong insurer partner to back our offering with A-rated capacity.

To meet Pen’s other pillars of added value, differentiation and expertise we also made sure to embed extra covers at no additional cost and provide brokers with the one thing they tell us they prize above all others — direct access to empowered and experienced underwriters who have the authority to make quick decisions.

So, to recap what sets Pen’s new construction product apart?

Direct access to decision-makers:  We specialise in companies with a turnover greater than £1m and our technical underwriting specialists are empowered as decision-makers. We are experienced in writing risks across more than 70 trades, with no height or depth limits.

Comprehensive flexibility:  Our modular product can be arranged on an annual or single project basis, enabling brokers to build up the most appropriate limits and covers for each of their individual clients.

Superior cover as standard: When it comes to aspects such as the HSE’s Fee For Intervention, Professional Negligence or Environmental Impairment Liability, these are all things that brokers would typically have to pay extra for. But we’re embedding these valuable extras — and many more — at no additional cost