Giles sets up motor insurance helpline for transport firms following withdrawal of HSBC from sector
Following the announcement on Wednesday September 2 2009 that HSBC Insurance has withdrawn all motor insurance business with immediate effect, Giles Insurance Brokers Ltd has set up a dedicated helpline to assist companies which may have difficulty arranging reasonably priced motor insurance.
As a specialist insurer to the transport industry, covering the self drive hire, courier, minibus and haulage sectors, those transport companies currently insured with HSBC Insurance are being urged to contact Giles for details of the options now available to them and help in finding an alternative insurance provider immediately or when their current policy is due for renewal.
Specialist teams covering the self drive hire, courier, minibus and haulage sectors are available via a dedicated telephone line and email address to answer questions relating to existing policies, talk clients through how this could affect their premiums and discuss the options they have available to them.
The measures put in place by Giles will help businesses act as quickly as possible to minimise disruption and ensure they consider all the options available.
Howard Pearson, Retail Managing Director at Giles, comments: “This latest announcement has come as a major blow to many organisations, with the withdrawal of a major player in the fleet market this may result in motor rates being increased.
“At Giles, we have responded to the current economic climate by putting in place a crisis management strategy to support organisations in the transport industry, irrespective of whether they are a current Giles client or not, in the event of such a significant insurer withdrawing from the market.
“We are in a strong position to use our own expertise to provide guidance, answer questions and try to help affected businesses through the worst.”
Giles’ transport specialists can now be contacted for free, impartial advice. Their contact details are as listed below: