Shared values, shared success – partnering with clients to mitigate risk

Established in 1795, Bowmer Bond is a British manufacturer of innovative, finished webbing solutions for many different market sectors, from Aerospace to Marine. Steeped in history and proud of its heritage, the manufacturer has operated from the same textile mill nestled within Ashbourne’s picturesque countryside for over 200 years.

The Challenge:

After navigating the events of the last couple years with their existing insurance broker, of 25 years, the textiles manufacture decided they wanted something more. Someone that understood their business, what they did, and would stand shoulder to shoulder with them.

It was important to Bowmer Bond to partner with a broker who shared in their values (of Quality, Us, Expertise, Service and Technology), their ‘QUEST’ for long-term partnership, and share success amongst their eco-system and clients.

Upon meeting Richard Grosvenor and the wider team at Partners& to discuss the challenges the business faced, the manufacturer experienced a refreshing sense of clarity and understanding around their risks.

Support:

Having undertaken a holistic review of their business, exploring the wider risk landscape and really getting to know the business, the Partners& team were able to identify and address some key exposures Bowmer Bond had outside of their existing insurance programme relating to health and safety, cyber risk, home-working, key person insurance and shareholder protection.

In addition to the forensic audit Partners& conducted, Richard and his team also involved the management team at Bowmer Bond in discussions with the insurer bringing them closer together and forging greater working relationships between Bowmer Bond and their underwriter, allowing for opportunities such as their health and safety risk bursary to arise.

Perform:

Despite the concern the Derbyshire based manufacturer expressed around any operational difficulties that might have arisen from making the switch from their previous broker given their long history, Richard and the team ensured the process was seamless and uncomplicated, setting the tone for their continued partnership together.

Bowmer Bond are now enjoying the vast array of specialist advice available at the other end of the phone with regular and structured touch points in place throughout the year with the Partners& team, allowing for continuous three-way conversation with both their broker and insurer to ensure the long-term shared success they were always yearning for.

To understand more about how our team can support your business today contact our advisory team today by clicking here or call one of our team on 03300940177.