[SYDNEY, NSW ] --- Specialist underwriting agency Hutch Underwriting has today launched Trade Pack, a new packaged insurance solution designed for SME trade businesses across Australia. Available from Friday 9th May via Ebix Sunrise Exchange, Trade Pack gives brokers a simpler, faster way to quote on the trade clients they see every day.
Built by Hutch underwriters Dominique Vagi, Lara Lillis and Rheece Tunnell, Trade Pack responds to a common challenge faced by brokers: juggling the inefficiency of multiple standalone policies for smaller clients.
“Trades can have surprisingly complex needs, but putting several policies in place gets expensive quickly given multiple minimum premiums and admin fees,” said Robin Johnson, CEO at Hutch. “Hutch's Trade Pack changes all that and saves brokers time as well.”
One Policy. Seven Sections. Built for Brokers.
Trade Pack includes Public & Product Liability as standard, with six optional sections that can be added to suit the insured’s needs. These include General Property (e.g. tools and stock), Tax Audit, Cyber, Individual Personal Accident, Mobile Plant, and Registered Mobile Plant Liability.
All quoting is handled via Ebix Sunrise Exchange, using Product Code HUTTP.
“It’s about giving brokers control and flexibility without adding complexity,” said Dominique Vagi, Chief Underwriting Officer. “This pack gives them comprehensive coverage options with minimal admin.”
Clear Appetite. Clearer Process.
Trade Pack is aimed at businesses with:
- Turnover up to $5M
- Contractor payments up to $500K (or 30% of payroll)
- Mobile Plant up to $250K (max $100K per item)
Target occupations include bricklayers, carpenters, landscapers, painters, shop fitters and other similar trades. High-risk trades like demolition, plumbing, scaffolding, and rail corridor work currently fall outside the appetite.
“We’re backing brokers with a solution that cuts the friction. One product, one platform. And it’s built for the way they already work,” added Robin Johnson.
Available on Friday 9th May on Ebix Sunrise Exchange
Trade Pack will be live on Ebix Sunrise Exchange on Friday 9th May under Product Code HUTTP.
Brokers can access the full product information, appetite, and Broker Fact Sheet via hutchunderwriting.com.au/trade-pack
About Hutch
Hutch Underwriting offers innovative insurance products backed by the strength of Lloyd’s of London and other insurers. We’re proudly Australian and an employee owned business. Since our inception in late 2022, Hutch has built a reputation for delivering innovative insurance products and outstanding service. From residential Strata to Annual Construction, Professional Indemnity and now Trade Pack, Hutch provides clear, concise, and efficient insurance solutions tailored to the needs of Australian brokers and their customers. We deal exclusively via brokers, and offer products digitally via Ebix Sunrise Exchange and SCTP.
https://hutchunderwriting.com.au
Media Coverage
Kim Beavis : 12/04/2024 9:00:00 AM
