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Tuesday, March 5, 2024

NBS Underwriting introduces multi-location hospitality protection

NBS Underwriting has launched its newest product, multi-location hospitality insurance coverage.

This addition to NBS Underwriting’s product portfolio reveals the agency’s dedication to delivering full insurance coverage options to the leisure, hospitality and retail sectors.

Moreover, this has constructed upon a wealth of experience in underwriting dangers inside these sectors and NBS has responded to suggestions from brokers.

This dedication meant that NBS Underwriting has to create this coverage for hospitality which covers the licensed commerce (pubs, late-night bars, nightclubs), meals and eateries, motels, and outlets.

Steve Cowman, managing director at NBS Underwriting commented “We’ve listened to our brokers and used our intensive information to create a coverage that meets the distinctive wants of companies working throughout a number of areas. Our aim is to simplify the insurance coverage course of for brokers and their purchasers by offering a complete answer that covers all their enterprise premises underneath one coverage.

“Shifting ahead into 2024, NBS is about for one more thrilling 12 months marked by bold progress plans. This multi-location hospitality insurance coverage marks our second product launch this 12 months, following our profitable introduction of the surplus of loss legal responsibility product. Moreover, we’ve got a lineup of different thrilling merchandise at present in growth, all set to be unveiled to our valued brokers quickly.”

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In July 2023, its acquisition of Capital Markets Underwriting (CMU), an unbiased underwriting company and Lloyd’s Coverholder was a step in the correct course in its plan to double its measurement.

As well as, following its deal to soak up The Underwriting Specialist in 2021, this deal reveals the dedication from NBS to increase. This consists of its product portfolio and strengthening its place within the insurance coverage market.

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