MX Commercial case study: Using MXC Online to deliver a tailored CAR solution for complex groundworks and plant hire risks

The challenge

The MX Commercial team were recently approached by a broker with a request for Employers’ Liability (EL), Public Liability (PL), and Contractors’ All Risk (CAR) insurance on behalf of a client involved in groundworks and plant hire. The client was also working on new lake and reservoir construction projects. However, the client's insurance needs presented a significant challenge. The liabilities fell outside our appetite, and there was an additional complication: the client had experienced a substantial CAR loss in 2022 due to plant theft. Despite these difficulties, the broker was eager to explore any viable solution for their client.

The specialist solution

Although the EL/PL risks couldn't be covered, MX Commercial identified an opportunity to assist the broker by focusing solely on CAR coverage. With full information provided by the broker, including a detailed breakdown of the client's plant, security measures, and the theft claim along with the remedial actions taken, the underwriting support team manually input all details into MXC Online, our online quote platform.

From there, the MX Commercial team produced an underwriting slip, ensuring all relevant information and risk assessments were in place. The case was referred to the lead capacity underwriter, who was satisfied with the proposed rating and the rationale behind it. With the slip approved and final underwriting comments provided, MX Commercial was able to deliver a comprehensive quotation via the website.

The outcome

The broker discussed the quotation with the client, and within a few days, formal instructions were given to proceed. Thanks to MXC Online, the broker was able to bind the cover and issue the full policy documentation to the client within minutes of confirmation.

Following this, the broker uploaded a signed Statement of Fact, which was promptly reviewed and marked as received by the MX Commercial team, finalising the process and satisfying all subjectivities. All parties involved were pleased with the outcome, demonstrating MX Commercial's commitment to finding tailored insurance solutions even in complex cases.

Find out more

Visit MXC Online to obtain quotes across various products, including Property Owners, Liability and Excess of Loss.

Read our previous blogs.