APC Now Giving Brokers Bespoke Property Owners Binding Authorities......

27^th April 2007 - APC are now offering bespoke Delegated Binding Authorities to brokers with Property Owner Business.

Our capacity has been placed in the Lloyd’s market and brokers with delegated binding authorities will be able to cater for risks up to £5,000,000 sum insured any one location. Brokers will be able to write all types of commercial and residential property owners business.

APC chief executive Brian Russell said: “This represents a fantastic opportunity for our brokers to offer exceptional, yet straightforward service to their property owner clients. APC have been researching the market for six months and have created new comprehensive wordings including covers such as Legal Expenses and Rent Guarantee. We are currently talking to brokers with portfolios ranging from £150k to £2m and the response has been phenomenal.”

Brokers can run their binding authorities through our online broker system, QuoteMac, using the new Delegated Binding Authority property owners products created for QuoteMac or alternatively brokers will be able to upload a monthly bordereau.

The QuoteMac route is extremely simple as the system does all the work - issuing documents, mid term adjustments, etc, making life simple and efficient for brokers. Moreover, brokers will have the benefit of everything a binding authority gives, especially binding authority commission levels!

If you want to talk further about having your own property owners Binding authority, please contact our business development team on 0208 597 5656.