The partnership with Towergate, which launched earlier this month, aims to offer additional benefits to the Institution members by providing them with tailored business and personal insurance protection alike.
Professional indemnity, which heads the proposition, has been specifically designed around intricacies of the engineering profession.
Towergate is one of the leading insurance intermediaries in the UK. The company reached out to a panel of insurers, with whom they have a long-standing relationship, to create a bespoke offer for the Institution. The final product is specialist and flexible ensuring it can accommodate a broad range of Institution members’ requirements.
Rewarded where it counts
Towergate’s dedicated advisers can help you tailor your professional indemnity policy to your specific needs from as little as £32.45 per month¹ over 10 monthly instalments.
What’s more, you could also receive a £25 high street voucher² to spend on whatever you like if you take out cover with Towergate!
Simply call Tel: 0344 892 0280 quoting 'IMechE PI' to get a bespoke quote, or email your renewal date if your insurance isn’t due yet and they'll contact you closer to the time.
On top of this, you could win a GoPro HERO5 SESSION™ camera or one of three hampers³ if you fill out Towergate’s short questionnaire about your insurance needs.
Covered where it counts
Professional indemnity cover is crucial to anyone who gives professional advice to clients and/or offers a service in return for payment. While it’s not a legal requirement, the importance of ongoing professional indemnity cover becomes evident in cases of:
- Alleged breach of professional duty
- Breach of confidentiality
- Defamation, libel or slander
- Infringement
- Lack of standard of work and care
If you own a business and employ others, two additional types of liability cover may be suitable for you: public liability and employer’s liability.
Other business policies that may be of interest include cyber and data insurance (cyber-crime, phone hacking etc.) and contents cover for any work equipment you keep at your business premises or at home.
Towergate also provides a range of personal covers, including but not limited to: home, travel, holiday home and vehicle.
For more information and tailored insurance, contact Towergate advisers:
Tel: 0344 892 0280 for business cover
Tel: 0344 892 0281 for personal cover
Email: imeche@towergate.co.uk
You can also fill out an enquiry form and a representative from Towergate will call you back at the time that is convenient for you.
¹ Based on a minimum annual premium of £324.50 including Insurance Premium Tax at 10% with regular payments by direct debit over 10 consecutive months, interest free. For a Mechanical Engineer working in the UK under English Law with a turnover of £25,000 pa and aggregate cover limit of £100,000 for any one period of insurance, no claims and reported accidents. Cover placed with our primary provider, Catlin. Prices and cover dependent on trade and turnover. The price is for new customers only, correct as of 7 November 2016 and valid for 30 days from the date of the letter.
² Voucher terms and conditions: The £25 voucher offer is only available to NEW customers who are Institution members based in the UK and purchase Towergate Insurance professional indemnity cover. One voucher per policy holder. Not to be used in conjunction with any other offer. Love2Shop vouchers will be issued between 30-60 days after receiving payment. We will not award if you cancel your policy within the first month. This offer is only available on the phone; you are unable to qualify for the voucher online. This offer expires on 31 March 2017. Vouchers will be honoured for new business placed up until 31 December 2017, providing you email us your renewal date before the offer ends on 31 March 2017.
³ Survey terms and conditions: This survey runs until 9 December 2016. The survey is open to Institution members based in the UK only. You may only enter the survey and prize draw once. Upon answering all the survey questions, you will be entered into a prize draw where you could win a GoPro HERO5 SESSION™ camera or one of three hampers. Participants who do not answer all the questions and members who are based outside of the UK will not qualify for the prize draw. Winners will be selected and contacted directly within seven working days after the survey closes. We will make three attempts to contact the winners. If unsuccessful, we will select another winner and contact them within seven working days and so on. The prizes cannot be exchanged for cash or contribute towards insurance cost, Institution membership fee or any other Institution partner benefit. This survey is organised by Towergate Insurance. Towergate Insurance and IMechE Services employees and their families are excluded from the survey and entering the prize draw.
IMeche Services Limited is Introducer Appointed Representative of Towergate Underwriting Group Limited. Towergate and Towergate Insurance are trading names of Towergate Underwriting Group Limited, Authorised and regulated by the Financial Conduct Authority. Registered in England with company number 4043759. VAT Registration Number: 447284724. Registered Address: Towergate House, Eclipse Park, Sittingbourne Rd, Maidstone, Kent ME14 3EN. IMechE Services Limited is a company, number 01361114, registered in England at address 1 Birdcage Walk, Westminster, London SW1H 9JJ.