The client
This was a newly established £7m turnover company being formed following a management buy-out from a UK based plc. They had seen our internet presence on the Hampshire Chamber of Commerce website and this was a sufficient endorsement of our offering to cause them to select Knightsure to tender.
The problem
The confidentiality and non-disclosure agreements between the two parties meant that going public to appoint various suppliers including their insurance was not possible until 4 days before the expected completion date. Cover had to be wide to cover their exposures to dealing in various types of media but time pressures were significant.
What we did
Acknowledging the urgency of the situation, a full fact find was completed within 24 hours of the initial enquiry. Although there were a number of suitable insurers and policies available, Knightsure identified one particular insurer with a bespoke industry policy that met every need of the client.
A 20% reduction on the initial quote offered by the insurer was negotiated and the report presented to the client at a meeting on Day 3. There were a number of queries which had to be dealt with but a provisional acceptance of the quotation was obtained.
