Fallout from the Covid-19 pandemic has pushed schemes for SMEs up the agenda, with ’brokers looking at this closer than ever’
Amid the ongoing hard market against the backdrop of the Covid-19 pandemic, the use of broker schemes has grown.
However, these market conditions often bring increased premiums and tightened wordings, in turn making risks harder to place. This is where schemes - defined by insurer Ecclesiastical as “a tailored solution for customer groups with common needs” – can provide a beneficial opportunity for brokers due to their bespoke nature.
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