During the Covid-19 crisis, we are following UK Government guidance to keep our employees safe and look after our valued clients. Read our articles on support for your business.

You can also help us help your fellow businesses - as well as your favourite charity - at this difficult time by recommending us to someone you feel would benefit from our insurance.

Risk Alert - Fleet Operator fire Accumulation Risk

Risk Alert - Fleet Operator Fire Accumulation Risk

Losing one vehicle due to fire can be a costly and disruptive event. Losing a fleet of vehicles due to fire spreading to several vehicles parked close together could prove catastrophic. The loss of ten coaches, each parked one foot apart, in a fire on the 30th December in Tamworth is a reminder that fires of this nature do happen from time to time.

The insurance ramifications of losing several vehicles in a single event should not be under-estimated. If a fleet operator with a £1,000 each-and-every claim policy excess lost ten vehicles in the same fire, the total excess would be £10,000. For any firm, the impact of a multi-vehicle loss on claims experience will inevitably have a serious and detrimental impact on future motor fleet premiums.

Major transport operators running a very large fleet may choose to self-insure the ‘accidental damage’ motor fleet risk. For such firms, without an appropriately cautious back-stop arrangement, the consequences of a ten-vehicle loss could be particularly painful. An option to help such firms tackle the accumulation risk is to insure the trucks whilst parked up at their premises under their material damage policy.

Download the document here

Coronavirus (Covid-19) – Update for Towergate customers

During the COVID-19 Coronavirus crisis, we want to reassure our customers and partners that we are following UK Government guidance,
and as a result our national offices are closed to both safeguard the health of our employees and our ability to look after our valued clients.
Where possible, our employees are working from home and we are still fully able to support with renewals, new cover requirements and
claims guidance and support. This includes giving our colleagues the ability to work from home or alternative locations,
which we hope will limit the disruption and enable you to speak to us for advice and support should you need it.
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