Autonet Insurance has made significant investments to develop their small and medium-sized enterprises offering to meet the demands of its customers. To ‘steal a march’, the broker has developed a digital solution to bring the 21st century personal lines model to the SME Insurance market.
The broker understands the difficulties and risks that tradesmen face when starting and maintaining a company to pursue what they passionately envisage as a great business opportunity. The new approach was kick-started after identifying that the number of small and medium-sized businesses is continuing to rise. The broker’s aim is to ensure that tradesmen have a quick and easy solution with an online quote and buy facility to protect their business and support the UK economy.
Due to Autonet’s experience in revolutionising the van insurance market, its sizeable presence has enabled them to negotiate bespoke rates with some of the UK’s largest and most respected commercial insurers to provide a suite of products that will be available to their customers including Tradesman, Office and Retail insurance.
The new trading platform, provided by CDL, has been designed to support SME businesses in offering and managing their policies. These specialist platforms are expected to optimise the opportunity to accelerate new business on a mass scale. It also allows the insurer to customise the benefits that matter to different businesses.
Ian Donaldson, Managing Director at Autonet Insurance said: “SME is a big focus for Autonet as we strive to be the broker of choice.
“We have worked closely with our service providers and insurer partners to ensure that our clients and prospective clients can get the right products, easily, and cost effectively.
“Our aim is to provide the right insurance solutions, not only to protect individuals, but their businesses as well, as we recognise that to most, their business is a part of them.”
The introduction of a dedicated commercial department will allow an efficient service to clients throughout their life with Autonet.
Autonet envisage significant growth in the 2015 financial year. The cost of these investments in the short term means that their plans to grow SME to £25m by 2016 are on track.