Introducing …FloodFlash.

Published: Monday 03rd October 2022
FloodFlash Logo 2

“We can offer an excellent package to our clients with a combination of competitive prices and personal service.”

Business owners and landlords at risk of being flooded can now take advantage of a new relationship between leading South Coast insurance broker A-One and FloodFlash to provide more protection and quicker pay-outs.

A-One Insurance Group has teamed up with the UK-based parametric insurance technology company after finding it increasingly difficult to get appropriate cover for clients at risk of flooding.

FloodFlash – which aims to pay out on catastrophic flood claims within days – uses technology to provide parametric insurance for smaller businesses. Parametric insurance is a policy that pays a pre-agreed sum of money if a certain event happens.

FloodFlash engineers install a sensor at the customer’s property and when it detects that the flood waters have reached a pre-agreed depth, the pay-out process is automatically triggered and is often completed in less than 48 hours.

These sorts of policies have only been available to large corporations previously because of the cost of the equipment required, but technology has made it available to smaller firms and businesses too.

Ryan Jupp, Director at A-One Insurance Group, said: “This relatively new form of insurance has the power to protect businesses that have previously been denied cover, and to get them back on their feet quicker than ever before.

“We are constantly looking for new insurers that can benefit our clients and provide them with the protection they need to be able to operate and this relationship with FloodFlash ticks all those boxes.

“With the way that our climate is changing, and more extremes of weather becoming the norm, it is important that we keep evolving our offering to make sure that our clients can get the protection that they need.”

Clients taking advantage of the FloodFlash offering will benefit from rapid payouts, no excesses and loss adjustment and no limits on how they spend the payout money.

This means that A-One can cover commercial properties at risk of flooding. FloodFlash can simply be bolted on to another insurance policy and combined with A-One’s in-house claims department, there are no catches when a claim is made.

To speak to our team about protecting your commercial property, call us on 0333 222 1160.

“We are delighted that we have created 24 new jobs across the group. Seeing our A-One family grow over the past two years has been a proud achievement for us.”

Sarah added: “The insurance sector continues to be a challenging one – commercial clients are seeing some of their premiums increase due to a rise in the costs of claims, commonly as a result of delays with supply chains combined with labor and legal fee increases. Unfortunately, these have increased quite significantly in recent months as a direct result of global issues and the cost-of-living crisis.

“We continue to work closely and maintain the excellent relationships that we have with insurers. This means that we can offer an excellent package to our clients with a combination of competitive prices and personal service. It is important for us to minimise the impact of changes to policies and premiums wherever possible. It’s who we are and what we stand for. We focus on client risk management and present suitability statements to insurers based on the information we have obtained from our clients. We want to talk to our clients; we want to build a relationship with them so that we understand who they are and what they need. We ask questions to make sure we can provide accurate information to insurers, which presents our clients in the best light possible. We aren’t led by the standard responses on a computer system. Clients love this about us, and our personal service is what sets us apart from the rest. That’s why we often welcome new clients who have become disillusioned with the support they have received elsewhere.”

Expansion and growth is predicted to continue at A-One as the group develops new initiatives for clients to support them in finding the most appropriate insurance portfolios to meet their needs.