A York-based supplier of legal expenses insurance and assistance products is gathering pace for growth after enjoying two successive record years which have seen its gross written premium (GWP) income break with the 3.Two million barrier.
General Legal Protection offers extensive selection via personal lines and commercial insurance brokers to motorists, homeowners, boat owners, landlords, tenants and also commercial organisations.
Between 2011/12 and 2012/13 this company saw its GWP grow by a lot more than 20 per-cent to 2.A million which coincided with an improvement in pre-tax profits greater than 40 % taking it to 242,000.? The firm’s 2013/14 figures need to show equally impressive increases.
Managing Director Andr Scruton said: “Our ethos has always been about offering a superb standard of customer service with an exceptional array of innovative products satisfy the demands of the ever-evolving marketplace which really can be tailored in order to meet the sufferer requirements of insurance brokers throughout the UK.
“Right now this is definitely proving to be a successful formula and we’re inside a good position with positive income, a strong balance sheet and we’re keen for additional details on several different growth opportunities.? This holiday season am certain that recruiting sign ups into the team in accordance with our continued growth, announcing several seen contract wins in addition to buying a new cloud based software system with a specialist provider.
“The new system enables our own data to remain digitalized, in order that it will instantly be updated and cuts down on risk of human error. The move will improve efficiency and then make financial savings. The program may also permit us to meet all compliancy requirements for solvency and also enabling us to produce the phenomenal variety of data required when processing claims.”
General Legal Protection recently enjoyed a string of recent contract wins with several leading brokers including Bluefin, Higos Insurance Services and GoSkippy.
