Collaborative buying firm takes aim at insurance premiums

Businesswise Solutions is set to team up with Lancashire Business View to launch the first Insurance Buying Group of its kind in the UK.

By harnessing the collaborative purchasing power of companies across the region, the Insurance Wise group guarantees a minimum 5% saving on business insurance spend for every joining member.

Peter Catlow, the Businesswise Solutions director leading the proposal, said: “This is an opportunity for businesses across the region to work together to enjoy big savings on their insurance spend.

“We have committed to a minimum 5% saving on all current rates for members, but the more companies who join the Group, the better our purchasing power, so the savings really could be quite substantial.

Businesswise Solution, a cost reduction and purchase management specialist is working in partnership with Independent Insurance Brokers, Financial Affairs Ltd who have over 40 years’ experience in the insurance market.

Peter said: “We are offering an extensive list of benefits for all joining members, including long term rate agreements, enhanced credit terms, free advice from HSE executives and HR support. We will also provide trade specific cover enhancements and policy wording in order to meet individual needs.”

The Insurance Wise Buying Group follows the launch of the company’s successful Energy Buying Group model earlier this year, tackling the rising costs of gas and electricity head on.

Peter said: “The concept makes perfect sense to us as a business; as we can significantly reduce costs if buying as a group, and the more members who sign up to the offer, the better the cost savings we can achieve.”

Lancashire Business View publisher Richard Slater added: "The uptake on our energy buying programme showed that there is a real hunger in the county to cut the cost of essential spend by pooling our resources."

 

The Insurance Wise Buying Group will launch at a series of three breakfast events to be held in East Lancashire on October 29th and 30th and November 1st. To register interest for one of these events, visit www.insurancewiselaunch.eventbrite.co.uk or call 0800 035 2929.