CHAS Protect, the new insurance service tailored for careful contractors and tradespeople, could deliver financial savings for some of our members across our trade sectors.
Launched by the supply chain risk management experts at Veriforce CHAS in collaboration with the specialised business insurance broker Towergate, CHAS Protect was unveiled in December 2023. CHAS Protect rewards CHAS-accredited members for their commitment to operating responsibly by offering them exclusive access to contractor-friendly insurance premiums and personalised policy enhancements*.
Amidst escalating insurance costs – the latest Global Insurance Market Index from Marsh has shown a 25th consecutive quarterly increase in commercial insurance rates – CHAS Protect could buck the trend by finding your business insurance at the right price with the right cover.
Early adopters who have seen the benefits of switching to CHAS Protect include New Build Labour Ltd, a Yorkshire-based building company with four employees, who saved more than £1,400 a year with CHAS Protect.
Dene Coupland, Managing Director at New Build Labour Ltd, said “It was easy to use and doing it online meant we could see exactly the cost of each element and could choose the cover that suited us best. We not only paid less for the same cover – in some areas it was better than our old policy! I’d happily recommend it to other CHAS members!”
Underfloor and renewable heating specialists CannyHeat Ltd in Bedford, which has two employees, reported similar savings.
“Patrick Digan Director at CannyHeat Limited, said “CHAS Protect is ideal for CHAS members, as a two-year-old business that’s growing fast, both time and money are precious. Applying for insurance online was quick and easy—we saved about £1,200 over the next best quote, and we could spread payment over 10 months, interest-free!”
Connect Electrical in Staffordshire, a business with 13 employees, was also heavily rewarded for using CHAS Protect.
The company’s Financial Administrator, Jessica Smith, said: “The process of buying insurance was really easy. Despite having the same broker for 15 years, CHAS Protect gave us the best quote straight away and called us back to check everything was OK. I’d happily recommend other members to try CHAS Protect. We saved hundreds of pounds and got a great service!”
CHAS Protect is administered by Towergate, which has worked for more than 20 years in the UK construction industry and has access to well-known insurers dedicated to providing cover for contractors and tradespeople.
Insurance options include employers’ liability, public liability, professional liability and vehicle insurance as well as comprehensive business, tool and equipment cover. CHAS members can also benefit from additional perks such as brand-new replacements for stolen or damaged equipment, free tax advice and access to free 24-hour legal support**.
Alex Minnet, Head of Global New Markets & Partnerships at Veriforce CHAS comments: “CHAS accredited members have inherently lower risk profiles, thanks to their commitment to responsible operations and compliance with health and safety standards. We firmly believe such commitment deserves recognition through potentially reduced insurance rates* and competitive coverage enhancements**.
“We are therefore delighted to learn about some of the significant savings our customers are making by switching to CHAS Protect.
“We are even happier to find out that for some CHAS members, the savings derived from choosing CHAS Protect effectively cover the expenses of their CHAS accreditation.”
To learn more about the benefits of becoming a CHAS member, call the CHAS Protect team on 0330 1230934 or visit https://www.chas.co.uk/protect/
*The amount of any saving would be dependent on your circumstances.
**CHAS Protect member benefits only apply to policies placed with Markel for commercial business insurance and excludes motor vehicle insurance.
Towergate and CHAS Protect are trading names of Advisory Insurance Brokers Limited. Registered in England Company No. 4043759, Registered Office: 2 Minster Court, Mincing Lane, London, EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Want to Know More about CHAS Protect?
Click the link below to find out more about CHAS Protect, an exclusive benefit for CHAS members.
