NBS Marks One-Year Milestone of Commercial Combined Insurance

Today, NBS celebrates the first anniversary of its Commercial Combined insurance offering. This milestone marks one year since it initiated the pilot phase of this product, following the acquisition of Capital Markets Underwriting in July 2023. This product has significantly expanded its underwriting portfolio and enabled them to provide insurance to an even wider range of commercial risks.

After a successful pilot phase that began in July 2023, and with valuable feedback from brokers, NBS fully launched the Commercial Combined product to all brokers earlier this year. Over the past twelve months, they’ve continually refined this product. It now caters to the needs of a wide variety of businesses.

NBS has also invested in its underwriting team. They have not only acquired experienced commercial combined underwriters but also invested in upskilling employees. This provides them with the expertise to underwrite a huge variety of commercial combined risks, with all quotes being actioned within 4 hours of submission.

NBS takes pride in this product and is thrilled with the positive feedback. The impressive number of policies now on cover is a testament to their efforts. They boast over £2 million in new business written and an impressive hit rate of 38%.

For more information about the NBS Commercial Combined product, visit the Commercial Combined page on our website or to get a quote here. Their dedicated underwriting team is also available on 0333 032 5000.

NBS continues to demonstrate its commitment to innovation and excellence in the insurance industry. The success of its Commercial Combined product is a testament to its dedication to providing comprehensive insurance solutions. As they celebrate this milestone, they look forward to further expanding its portfolio and continuing to serve a wide range of commercial and property risks.

About the NBS Commercial Combined Product
Our Commercial Combined Policy offers a broad appetite, catering to businesses with premiums between £2.5k and £25k, and less than 10 UK-based locations. With 600+ sub trades within our product, we can tailor a quotation to suit a wide variety of businesses. Examples of risks we cover include manufacturing, wholesale, offices & administration, warehousing, construction, leisure related activities, metalwork & engineers, textile & fashion, woodworking, technology including media & communications, and service providers & installers.