Ecclesiastical, a specialist insurer known for its expertise in the heritage sector, is expanding its business by launching a new leisure product.
The move will initially focus on providing insurance coverage for four- and five-star hotels, fine-dining restaurants, gastropubs, and visitor attractions, with plans to expand to other customer groups in the future.
In a news release announcing the launch, Ecclesiastical said the decision to enter the leisure sector was driven by customer and broker demand for specialised insurance solutions.
Richard Coleman, managing director of Ecclesiastical Insurance, expressed the company’s ambition for growth and emphasised its commitment to providing strong service to brokers.
“We’re already specialists in heritage where we understand this type of operating risk, and so we can bring that wealth of underwriting and risk management knowledge and expertise to a wider range of businesses,” said Coleman.
“Brokers really appreciate what we do – we’re specialists, give strong service, and they tell us they want to work with us more, which is why we’re expanding into new sectors. Our leisure policy offers specialist cover that meets the specific needs of customers.”
The launch was also described as part of Ecclesiastical’s overall growth strategy, with the insurer aiming to double the size of its business and broaden its risk appetite to include businesses in more modern properties.
“The more we grow, the more we can give to good causes through our owner Benefact Group,” said Coleman. “Being charity owned, we have a unique purpose that drives us forward and makes this a very special organisation to work for.”
Ecclesiastical currently offers insurance, risk management, and service across various specialised areas including faith, charity, heritage, education, art, private client, real estate, and schemes.
Earlier this year, the insurer and its parent company Benefact Group launched a new resource to help charity brokers assess the socio-economic value of volunteering and donating.
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