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Home UK Wholesale, Residential, & Delegated Authorities
Comprehensive Solutions for Delegated Authority and Programmes
Costero Brokers focuses on developing long-term relationships with independent retail brokers in the UK. Our aim is to provide a full range of facility arrangements to these brokers to assist them in handling their business as efficiently as possible across the range of business classes they handle.
Independent brokers provide a vital alternative to customers—instead of purchasing insurance over the internet—where advice and knowledge is vital to the customer in helping purchase the correct product and level of coverage.
Whilst some will have been coverholders previously, for others it may be the first time they have held a delegated authority. Costero will be able to assist in not only providing a binding authority with an “A”-rated carrier, but also in assisting the coverholder in operating the facility and correctly reporting business bound to underwriters. On an ongoing basis, Costero will provide support to the broker to ensure the relationship with the underwriter remains positive and constructive and the facility can evolve in terms of growth, coverage, and in line with an ever-changing marketplace. Brokers would be supplied with an underwriting guide and all of the other documentation required to operate a binding authority.
The classes of business which are frequently handled are as follows:
- Commercial Property Owners
- Commercial Combined and Package including shops and offices
- Landlord, including student, DSS and Asylum Seekers occupancy
- Unoccupied Property
- Homeowners
- Holiday Homes and Static Caravans
- Professional indemnity
- Travel
- Equipment Hire
- Fleet
- Cyber
- Drones
- Terrorism
Delegated Authorities
Costero Brokers are experts in developing Delated Authorities for our retail and wholesale broker partners. Whether you are seeking Lloyd’s Coverholder status or to work with Company Market Insurers, we have the skills to turn this into a reality. We will work with you to get the best coverage, rates and underwriting flexibility available so you can deliver the best products to your customers.
Classes of Business:
- Commercial Combined – Hundreds of different trades can be written under such commercial binders and will usually cover all the property and liability risks needed for typical SME sector businesses.
- Landlords and Property Owners
- Employers & Public Liability
- Medical Malpractice
- Personal Accident
- Professional Indemnity
- Motor
- Fleet Car & Van Courier
- Haulage
- Bus & Coach
- Limousines
- Self-Drive Hire
Geographic Scope
Worldwide
Structure of Placement
Insurance (Single Risk or Binders)
Our Experts
Speak to our Experts
Our expert knowledge of these product classes, combined with our passion and dedication to completely understand our clients’ business needs.