Calibre Steadfast Client Trading Platform (SCTP) Business Package Insurance on SVU
Calibre SCTP Business Package Insurance is available to transact on SVU.
To get access to Calibre SCTP Business Package Insurance on SVU, please contact your Steadfast representative. They will initiate the process to set up access for you.
Read the tips and hints section of the attached flyer to help you obtain the best possible outcome for acceptance and pricing from Calibre SCTP Business Package Insurance on SVU.
Our low referral model is designed to provide you with a more efficient experience in the quote and bind process.
You’ll find that there are more definitive yes/no decisions provided up front for most risks, enabling you to spend less time waiting for a response, and more time making immediate decisions for your clients.
Select the heading below to expand the section and find out more information about Calibre SCTP Business Package Insurance on SVU:
Following on from feedback received and as part of the work in developing our SVU approach, we have significantly increased our risk appetite in a number of areas including but not limited to:
Increased limits for percentage of payments to contractors / sub-contractors.
We have increased our appetite to provide cover for most goods imported other than specified items as defined in our question on liability – which is triggered if the importing of goods question is answered ‘yes’. We currently have no referrals on importing.
Increased depth limit as per our question on liability for applicable occupations.
Increased percentage of welding away.
Now only excluding specific items as defined in our question that triggers if the Hire Out question on liability is answered ‘Yes’.
Note that a majority of these improvements have been built in as automatic with no referral triggered ensuring that the process is as seamless and straightforward as possible.
As you know there are variations in the approach that different insurers take.
We highlight below a few areas to be mindful of in regard to processing Calibre SCTP Business Package Insurance on SVU to help you get the best possible outcome from Calibre Insurance in terms of acceptance and pricing:
Any risk that imports goods but does not actually conduct manufacturing, should be quoted under the appropriate occupation that reflects what the business actually does ie Retailer / Wholesaler. You then simply answer ‘yes’ to the importing question on liability.
A ‘tenant business’ occupation needs to be entered for each and every separate tenant. The hard coded reference on SVU to “must represent most hazardous tenant” does not apply to Calibre Insurance. Please refer to the help button on this section in SVU which notes the following:
For Calibre Insurance each and every separate tenant to be listed. For example if a building has 2 accounting firms and 2 apartments, then 4 tenants business must be entered with 2 as Accountants and 2 as apartments.
We recommend that you check all default answers on SVU prior to submitting any quote with Calibre Insurance as they may have an impact on the acceptance and pricing that is provided.
We are experiencing some cases where the premium values from SVU are not included correctly in the invoice generated from Winbeat. Please note the following when an SVU policy is copied into Winbeat. You will need to copy and paste all the premium value fields (except GST, underwriter Fee Tax and Commission GST which are calculated automatically).
Read the attached flyer for instructions on what you need to do when an SVU policy is copied to Winbeat to ensure that the invoice prints all the values correctly.
We have done a lot of work on removing or reducing a large portion of restricting endorsements including upgrades to our Steadfast First Option Business Insurance policy last year.
In some circumstances endorsements may increase cover, rather than restrict cover.
For specific Professional Office type occupations with Property Damage cover taken, a bonus Office endorsement will be automatically applied at no extra cost to provide a range of additional benefits, including but not limited to:
These extra covers are specifically designed to enhance our Calibre SCTP Business Package to provide a tailored product for professional office clients.
For specific Trade Contractor type occupations like:
..a bonus Cover for Sub-Contractors endorsement will be automatically applied at no extra cost .
…Having a strong network of underwriters who know their product from the inside out gives me a lot of reassurance
knowing that my clients are protected.…
…the referral time is extremely fast
(in most of my examples less than 1-2 hours).
Please see full policy terms, conditions, limits and exclusions. Calibre SCTP Business Package Insurance Policies are issued by Calibre Commercial Insurance Pty Ltd (ABN 86 603 039 023, AFSL 474540) (‘Calibre Insurance’, acting under a binder as agent for the insurer The Hollard Insurance Company Pty Ltd (ABN 78 090 584 473, AFSL 241436) (‘Hollard’).
Please note: existing and renewing policies with an inception date up to 31 March 2018 will continue to be insured by Great Lakes Insurance SE (ARBN 127 740 632 I AFSL 318603) trading as Great Lakes Australia. Great lakes Insurance SE is a limited liability company incorporated in Germany.
1. Steadfast Monthly Insurer Reports June to December 2017, Calibre Insurance binds the most number of Business Package opportunities proposed compared to all other insurers on SCTP.
2. Steadfast Monthly Insurer Reports, based on Calibre Steadfast Business Package Insurance policies on SCTP January – December 2017.
3. Based on Calibre Steadfast Business Package Insurance policies on SCTP from 1 January 2016 to October 2017.
4. Steadfast Monthly Insurer Reports October 2016 to December 2017, based on Calibre Business Package Insurance policies on SCTP.