At PlastikCity Insurance, we recently helped a client tackle an often-overlooked challenge: buildings insurance renewal. The result? A savings of over £100,000. This experience highlights how businesses can take control of their insurance renewal process to secure the best possible cover at competitive prices.
Expertise Tailored to Your Needs
PlastikCity Insurance was established to provide tailored insurance solutions for businesses across the plastics industry and beyond. While much of our work focuses on risk prevention and loss mitigation, we also share valuable insights and advice to help businesses save money and enjoy peace of mind.
The Challenge of Buildings Insurance Renewal
For many businesses, renewing buildings or premises insurance is an annual headache. Often, tenants must deal with their landlord’s chosen insurance policy, which can lead to frustration when faced with premium increases—even if there’s been another claim-free year. Too often, tenants feel powerless to challenge the cost or coverage of these policies.
The reality? Landlords may not prioritise securing competitive premiums for properties they don’t directly pay for. This leaves tenants feeling trapped, assuming they have no control over the process.
How PlastikCity Insurance Can Help
At PlastikCity Insurance, we empower businesses to take control of their buildings insurance renewal. By providing us with your renewal details, we’ll conduct a thorough review to ensure your policy offers the right cover at an affordable price.
If we find your current premium is inflated, we can help you challenge it. Using our expertise, we’ll supply evidence that enables you to request a justification from your landlord under their FCA obligations. In many cases, you can issue us a Letter of Authority, allowing us to manage the process on your behalf.
A Case in Point
One of our clients, a plastic recycling company operating a large warehouse, faced a renewal premium of approximately £200,000. Finding this excessive, they approached us for assistance. Drawing on our market knowledge, we sourced a comparable policy that delivered the required cover—for over £100,000 less. Armed with this alternative quote, the client was able to hold their landlord accountable, prompting a significant reassessment of the proposal.
Don’t Settle for Less
If your next buildings insurance renewal feels like an inevitable burden, let us show you a better way. PlastikCity Insurance is here to make the process straightforward and cost-effective. Simply contact us with your renewal details, and we’ll take care of the rest.
As part of our commitment to giving back, PlastikCity Insurance donates to the Midlands Air Ambulance Charity for every enquiry we receive, regardless of the outcome. Find out more at www.midlandsairambulance.com.
PlastikCity Insurance policies are arranged and administered by PHL Insurance Brokers Limited.
