Allianz launches Metalworking and Precision Engineering covers

Posted on: 08 December 2014

Commercial News icon

Allianz Commercial has launched a suite of sector-specific complementary covers for the metalworking and precision engineering sub-sector. This latest product launch is the third mid-corporate offering from the insurer this year, who went to market with a Wholesale and Retail proposition in April, which was swiftly followed by a General Manufacturing proposition in September.

In addition to the complimentary sector-specific cover extensions, risk management guidance and bespoke services available under Allianz’s General Manufacturing proposition, metalworking and precision engineering clients will also benefit from:

  • complementary breakdown and accidental damage cover for all plant, machinery and computers (excluding production and processing equipment).
  • further cover extensions to address the needs of this sub-sector, such as molten material breakout, non-ferrous metals, business interruption and goods in transit.
  • sector-specific risk management guidance - market-leading risk management advice and access to Allianz’s 'Ask the Expert' online service.

As with Allianz’s other mid-corporate offerings, the Metalworking and Precision Engineering proposition is available from the insurer’s 14 regional branch locations and is aimed at businesses with a premium between £10,000 and £100,000.  In addition to its broad underwriting appetite and cover, the proposition is supported by a team of accessible, in-house experts available via Allianz’s 'Ask the Expert' functionality on Risk Director.

Neil Clutterbuck, Director Underwriting and Technical, Allianz Commercial, commented: "We are committed to delivering tailored products and services that meet the needs of our brokers and customers. By enhancing our General Manufacturing proposition with the new suite of sector-specific cover extensions we’re confident that we fulfil the needs of our metalworking and precision engineering policyholders.

"Both our Wholesale and Retail and General Manufacturing propositions have been greatly received by our brokers.  In 2015 we will build upon this success by broadening our suite of mid-corporate offerings."