Background

Amberon Group is one of the UK’s leading providers of traffic management solutions – including traffic lights, vehicle safety barriers and temporary signage.

They appointed Specialist Risk Insurance Solutions (SRIS) to handle their Trade Credit insurance needs in July 2020, but the decision was far from an obvious ‘green light’ for them. Furthermore, they weren’t unhappy with the service provided by the incumbent broker, who managed their complete portfolio of commercial insurances, including Trade Credit insurance.

Combining better value with more responsive cover during growth

During a period of significant growth, it is vital that a business is aware of its exposure to bad debt across its combined debtor ledgers. Amberon Group has seen rapid growth, and acquired MLP Traffic in 2019, and also achieved a strategic combination with Forest Traffic Services this year. The group will have turnover of in excess of £90 million and over 40 depots nationwide employing over 1,000 people.
Changing Trade Credit insurance broker was neither an easy nor obvious choice for them. However, Amberon were looking for a more responsive service and felt that SRIS might be the right broking partner for them.
Julia Musson, Group Head of Credit & Collections, commented:
“Having moved over to Specialist Risk Insurance Solutions, from our previous broker, I have been extremely impressed with their level of service, attention to detail and professionalism.
Every request for guidance and assistance is always responded to, and followed up where necessary, in a timely manner without further prompting, which is extremely refreshing and re-assuring.
The Trade Credit team are very approachable and personable and go the extra mile to support their clients.”
It’s the guiding principle of the Trade Credit team that first and foremost we are appointed by our clients to represent their best interests in all aspects of Trade Credit insurance, and it’s a pleasure to work with great clients like Amberon!