New Willis policies for its Commercial Network members

Broking giant Willis has created four new trade-specific products for its Commercial Network members.

Launched this week, the products are targeting charities, plastics processing, wooden goods manufacturing and security industries.

Willis' marketing director Mark Radburn said the new products were the first of a range that will be unveiled throughout the year.

Willis Commercial Network was set up a year ago to provide large regional brokers greater financial clout in their negotiations with insurers.

To become members, brokers have to show a premium turnover of at least £3 million per year and have a strong commercial bias to their book.

Since its inception last year, the Network has recruited 30 members and expects to have 50 trading brokers by December.

Willis believes the new range of products will cater for industries that require more bespoke products to safeguard themselves against specific hazards.

Willis' commercial risks chief executive, Hugh Warren, commented: "We recognise that two major problems facing charities when it comes to insurance are arranging liability cover for their fundraising activities and ensuring that authorised volunteers have the same level of liability cover as paid employees."

Until now, Willis has offered standard industry-wide policies. These have included a motor trade facility, Directors and Officers, Professional Indemnity, Staff Dishonesty, and Marine Cargo.