Britain Exits The EU: The Kingsbridge Position

Contractor Brexit

In the event of the UK public’s decision to leave the European Union, Kingsbridge would like to put on record our thoughts. In a recent survey conducted with our contractor client base the majority of those questioned preferred to remain in the EU. As we now know, this will not be the case. Nevertheless, we do not foresee a British exit having any major impact on our clients, all of whom are headquartered/based in the UK.

Many contractors that we spoke to were forthright in their belief that their unique skillsets and job suitability will remain in demand in the event of a Brexit, and we support that assertion. As one particular respondee noted: “The right skills are always required.”

With regard to our corporate and commercial clients, we see no major impact to the UK water industry in the immediate future, although there may be less regulation over time once a Brexit is complete. For the insolvency practitioners we work with we also expect very little in the way of change.

Whilst it is difficult to predict the consequences, positive or negative, of a Brexit at this early stage Kingsbridge will stand behind all of our clients and partners whatever the future holds. Over time we may see some large employers and users of freelance contractors (banks, the aerospace industry, the automotive industry and so on) impacted by loss of business which may in turn have an impact on their use of contractors, but it remains too early to tell. The freedom to set our own terms that a British exit allows our country could well lead to an economic landscape stronger than we have ever experienced before.

Kingsbridge will continue to watch as this historic, once-in-a-generation event unfolds, and we will support every single one of our clients as required.

Dunedin Continues to Grow its Financial Services Portfolio with Investment in Kingsbridge

Kingsbridge Dunedin

Dunedin backs secondary buyout from Livingbridge

1st June 2016

Dunedin, the UK mid-market private equity house, today announced that it has backed the buyout of Kingsbridge Risk Solutions (“Kingsbridge”), an insurance broker for contractors and corporates.  The transaction, sees Livingbridge, the mid-market private equity firm that backed Kingsbridge in January 2014, fully exit the business.

This is Dunedin’s second investment in the financial services sector this year, following the buyout of Alpha Financial Markets Consulting in February 2016.

Founded by the current CEO Steve Wynne in 2001, Kingsbridge is the UK’s market-leading provider of insurance services that are tailored to meet the needs of contractors, freelancers and independent professionals, as well as the compliance requirements of partners including recruiters and accountants.  Working alongside its strong partner network, Kingsbridge covers the broadest range of industry sectors in its market, including aerospace, banking and finance, rail, automotive, nuclear, oil and gas and information technology.

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New to Kingsbridge: Meet the Team

Meet the Team

As a growing company, we’re always on the lookout for new staff. As fresh faces appear in the office we like to welcome them with a series of questions and some stark black and white photography. You can see all of us over on the Meet the Team section of our website, but we’d like to introduce you to three of our newer recruits below. We’ll continue this series on an irregular basis as the ranks at Kingsbridge HQ continue to grow. Without further ado, meet Jane, John, and Rob.

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Kingsbridge Turns 15: An Interview with CEO Steve Wynne

Steve Wynne

If you didn’t already know, we just celebrated our 15th anniversary here at Kingsbridge. As part of our ongoing celebrations, we sat down with CEO Steve Wynne to ask him about the past, present, and future of Kingsbridge. Without further ado, here’s what we discussed:

Kingsbridge: Can you give us a brief history of Kingsbridge?

Steve Wynne: Kingsbridge was started in 2001 by myself and my wife Janet, resulting from a management buyout from Jardine Lloyd Thompson. We were on holiday in Devon and needed to decide on name. The name needed to be strong, and to relate to water as that was, and remains, a key sector for us. We were driving through the town of Kingsbridge and it ticked all the boxes. That’s how Kingsbridge began.

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Kingsbridge Turns 15

Kingsbridge Birthday 1

“No wise man ever wished to be younger,” Jonathan Swift once wrote. That particularly sage piece of wisdom is now over 300 years old, but it retains just as much relevance today as it ever did. The older you get, the better you become. Although it’s an adage Swift intended for his fellow man, it works just as well for a company. Kingsbridge turned 15 at the end of March and we’ve aged well. We know our customers, and the contracting community, better than ever. The company has grown hugely since 2001, both in terms of staff and the contractors, freelancers, and independent professionals we look after.

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Customer Champion of the Year – Insurance Times Awards 2015

Insurance Times Awards 2015

We’re delighted to say that we’ve recently picked up another awards nomination, to go along with our nominations for Digital Insurance Initiative of the year at the British Insurance Awards and Best Banking, Insurance & Financial Services eCommerce at the eCommerce Awards, alongside our shortlisting for Affiliate Member of the Year at the APSCo Awards for Excellence 2015. This time we’ve been nominated for Customer Champion of the Year at the Insurance Times Awards, an accolade we’re particularly delighted with. Our customers are the foundation on which Kingsbridge Contractor Insurance is built, and we’re very pleased to be recognised as a company that goes out of its way to put the customer first. We’ve always sought to provide the best customer service possible, and we’re continuously looking for ways we can improve further.

Insurance Times is the media partner of choice, and premier news, information and insight brand, for general insurance in the UK, with an audience of key decision-makers, business placers and principals in brokers, insurers and service suppliers. The awards take place on 1st December at Battersea Evolution in London. We’ll keep you updated on any future nominations or award wins right here on the Kingsbridge blog.

In the meantime, if you’re a contractor or freelancer looking for insurance then why not get a quote online, or get in touch with one of our client services team on 01242 808740 or at info@kingsbridge.co.uk. You can find us on Twitter and Facebook too.

We’ve Been Nominated at the APSCo Awards For Excellence

APSCo Awards For Excellence

We’re delighted to announce that we’ve been shortlisted as a finalist for Affiliate Member of the Year at the APSCo Awards for Excellence 2015. Alongside our recent nominations for Digital Insurance Initiative of the Year at the British Insurance Awards and Best Banking, Insurance & Financial Services eCommerce at the eCommerce Awards, we’re happy that our hard work in making sure we provide the best possible service for our contractor and freelancer customers is paying off.

APSCo, short for The Association of Professional Staffing Companies, is committed to identifying, promoting and celebrating best practice and excellence in recruitment. Since 1999 they’ve showcased best practice through their Annual Excellence Awards. Winners have to pass a rigorous assessment process that makes the Awards one of the most prestigious accolades in the industry. We’ll keep you updated on any future nominations or award wins right here on the Kingsbridge blog.

In the meantime, if you’re a contractor or freelancer looking for insurance then why not get a quote online, or get in touch with one of our client services team on 01242 808740 or at info@kingsbridge.co.uk. You can find us on Twitter and Facebook too.

Kingsbridge Contractor Insurance

Kingsbridge Contractor Insurance

We’ve got some exciting news from Kingsbridge HQ. From today we’ll be known as Kingsbridge Contractor Insurance. If you currently hold a policy with us you don’t need to worry – nothing is changing apart from our name and website address. You’ll still get all the familiar benefits, the same excellent customer service, and the unbeatable, comprehensive insurance cover. You can now find us online at kingsbridge.co.uk.

Why the change? Since our very first day we’ve always been fully committed to contractors and independent professionals, and we wanted to reaffirm that commitment by changing the most visible part of our business: our name.

Since we formed Kingsbridge in 2007 we’ve seen the contractor community grow from strength to strength, and we’re proud to have been a part of that. As the contractor marketplace continues to develop, we’ll be there with our experience and our expertise, providing you with the insurance cover you’ll need to protect yourself in business. As always, if you need to discuss insurance, or if you have any questions about working as a contractor or an independent professional, we’d be happy to hear from you. You can contact us on 01242 362176, at info@kingsbridge.co.uk, or on Twitter @KingsbridgeCI.

Compliance a vital factor as the number of contractors continues to rise

Compliance

New figures released have indicated that the number of individuals entering the contractor and freelancer community has dramatically increased over the last 7 years.

Research published towards the end of April 2015 illustrates that there are now 1.88 million independent professionals in the UK. The study, which was carried out by Kingston University and commissioned by IPSE concludes that there has been over a 35% increase in highly skilled contractors since 2008.

Moreover, recent numbers from Kingsbridge Contractor Insurance, a specialist insurance broker for contractors and freelancers, support the fact that there is a strong growth in the importance of compliance and meeting obligations in the contracting market.

Dedicated to assisting contractors with their insurance needs, Kingsbridge have seen a strong increase in the number of contractors taking out an insurance policy with the company during 2015, clearing indicating that compliance is a significant factor.

Thomas Wynne, Head of Business Development at Kingsbridge comments: “the last few months have been phenomenal, particularly with our team reaching record policy numbers. This is a clear indication that not only is the freelancer market increasing, but, with Kingsbridge offering a comprehensive insurance cover package, our policy is meeting all of the necessary compliant requirements for contractors.”

It is highly recommended that all contractors have adequate insurance in place before undertaking any role to cover their main exposures and meet contractual obligations, and based on these recent results in the contracting market this could be an exciting and important time for Kingsbridge.

For further information about Kingsbridge and their insurance solution please visit www.kingsbridge.co.uk

The insurance products no engineer can afford to forget

Engineering Insurance

We understand that when you’re freelancing, you want to focus on the job at hand and creating the best work possible. Sometimes, insurance products don’t come at the top of your to-do list and can seem like an unnecessary expense.

However, if you’re a freelance engineer, you occupy a unique and interesting position when it comes to insuring yourself. Your work is based on problem solving and solution finding, and more often than not, your work product will affect the public, not just your end client. It is for that reason that gaining access to adequate insurance cover should be at the very top of your to-do list!

What’s more, many (if not all) freelance contracts stipulate that a freelancer must be covered by a minimum amount of insurance, so your future contract jobs could depend on having access to quality insurance.

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