Finding efficacy cover can be challenging for wholesale brokers managing substantial security and electrical contractor accounts (£10,000+ GWP). These high-value clients present complex risk profiles that standard markets struggle to accommodate adequately. BLW’s specialist London Market access through Chaucer provides the sophisticated solution you need.
The Efficacy Gap: Where Standard Markets Fall Short
Efficacy cover, protecting against liability when installed systems fail to perform as intended, represents a critical exposure for your larger electrical and security installation clients. For premium clients with substantial turnover, the consequences of an efficacy claim can be catastrophic without proper protection.
Consider a high-value electrical contractor client installing fire alarm systems across multiple commercial premises. Should those systems fail during an incident, the potential liability could reach millions, far beyond what standard market capacity might provide. Without specialist efficacy cover, your client faces financial risk.
Why Premium Clients Need London Market Solutions
Your portfolio’s larger security and electrical contractors require more than standard market solutions. Their projects often involve:
- Complex, high-value installations with proportionally large liability exposures
- Multi-site contracts with substantial accumulated risk
- Sophisticated security and electrical systems where failure carries significant consequences
- Corporate clients with stringent contractual insurance requirements
Standard markets typically impose restrictive conditions, sublimits, or outright exclusions on efficacy cover, if they offer it at all. For your £10,000+ GWP clients, these limitations create unacceptable exposure.
The BLW London Market Advantage
BLW’s established relationship with Chaucer provides wholesale brokers exclusive access to premium London Market capacity designed for high-value security and electrical contractors requiring comprehensive efficacy cover.
Our bespoke solution accommodates businesses involved in:
- Intruder and Security Alarm Installations for high-security environments
- Complex Electrical Contracting with safety-critical applications
- Advanced CCTV and surveillance installations
- Commercial Fire Detection and Suppression Systems
- Industrial Access Control Systems
- High-security Gates, Barriers and Perimeter Protection
- Emergency Response Systems for commercial and public facilities
Enhancing Your Client Proposition
Our London Market solution protects your client relationship while providing sophisticated coverage. Our technical expertise supplements your client service, offering specialist London Market knowledge that enhances your position as a trusted risk adviser.
By referring your £10,000+ GWP security and electrical cases to BLW, you maintain control of your client relationship while accessing A-rated market capacity that standard facilities simply cannot match.
Streamlined Process for Wholesale Referrals
We’ve designed our wholesale broker engagement model to be seamless and efficient:
We are able provide swift indicative terms, with formal quotations typically delivered within 48 hours for even complex risks. We handle the entire London Market placement process while you maintain the direct client relationship.
Your clients benefit from our technical expertise and established London Market relationships, while you retain control of the overall account and relationship.
Developing a Broader Strategic Partnership
Beyond individual case placements, BLW offers wholesale brokers comprehensive support across your entire book. Our expertise extends beyond efficacy cover to include other specialist areas requiring London Market solutions. This creates opportunities to expand our relationship across other challenging placements within your portfolio.
Taking the Next Step
For a confidential discussion about your high-value security and electrical contractor clients requiring specialist efficacy cover, contact me directly:
Jaimie Quill
Group Broking Director
BLW Insurance Brokers
Direct: 07496 590308
Email: jaimie.quill@blwinsurance.com
BLW Insurance Brokers Ltd. Authorised and regulated by the Financial Conduct Authority.