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CCV Jersey

http://www.ccvjersey.com

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CCV Jersey is the Island’s premier Commercial Insurance Specialist, providing tailored insurance solutions for corporate and financial institutions, private businesses, developers and entrepreneurs.

Backed by one of the UK’s largest independently owned insurance intermediaries, Cullum Capital Ventures, CCV Jersey’s pedigree makes them the professional’s first choice.

The CCV Jersey team works closely with each client to ensure that the insurance policies provided are tailored to suit the specific requirements of the business or individual, ensuring a bespoke product to meet a client's exact needs.

With a wealth of local expertise and extensive knowledge, CCV Jersey’s mission is to provide a consistent and excellent service that is reliable, appealing and valuable to its clients.

Specialist Insurance Service for Trustees

Their Specialist Insurance Services for Trust companies & offshore service providers have been developed specifically with the needs of the Offshore Trust Sector in mind.

This may include the professional capacity of the Trust or company professionals; their businesses; and also the specialist protection for the assets under their management, including UK and overseas properties, as well as a whole range of high value assets such as motor cars, planes, yachts, jewellery, antiques and fine art.

The Specialist Service aims to protect the Trustee and to avoid certain issues which may cause problems, especially in the event of a claim. It includes a review of potential obligations and exposures, and looks to provide insurance solutions to these issues.

CCV Jersey is able to provide both Portfolio and Multi-Property Policies for Trustees dealing with large books of property assets, which streamlines the internal administration involved in the managing of the insurance on these assets and can result in highly cost-effective premium rates.

The service  includes internal CPD training events for Trust staff, and a CCV Jersey aide-memoire to ensure that all the appropriate ‘risk’ information that would be required by underwriters are obtained. This also assists in ensuring that all relevant assets are included in the policy and nothing is missed.

MERGERS & ACQUISITIONS INSURANCE (WARRANTY & INDEMNITY COVER)

Warranty & Indemnity Insurance (W&I), the most frequently used product for a transactional exchange, can be tailored to provide a structured solution mirroring key areas of the underlying Sale and Purchase Agreement (SPA). Policy cover is designed to respond on the same basis of damages as detailed in the SPA and can provide:

• ‘Seller’ insurance, providing defence costs and settlement. Innocent warrantors are protected even if another warrantor is dishonest

• ‘Buyer’ insurance, giving first party protection for loss resulting from a breach of warranty, or call on an indemnity or covenant, given in the SAP or Tax Deed

W&I Insurance is commonly used by individuals, Trustees, liquidators, private equity firms and trade buyers for the following reasons:

• Assisting parties in reaching an equally comfortable negotiated position

• To enable the release of sale proceeds by avoiding the need for hefty escrow deposits until any liability period has expired (usually up to 7 years for tax liabilities)

• Satisfying lenders

• To assist in breaking a deal deadlock

• Helping to balance the risk allocation expectations between the parties

Premiums are usually determined by the nature of the deal, the sum insured required & the period of indemnity and are charged as a single payment for the full period of cover. The application process is straightforward and should not interfere in any ongoing transaction negotiations. 

Free Business Insurance Health Check for Immediate Impact Network Members

Exclusive to Immediate Impact Network Members, CCV Jersey is offering a complimentary one hour Business Insurance Health Check.

Contact Us Now and we will make the necessary arrangements for you!

For further information about CCV Jersey and to view the CCV Jersey website, please click here.
 

March '12 The first-ever WellBeing Festival will be held in Jersey at the end of April, offering something for everyone, young and old, including music, dance, nutrition, fashion, sport and holistic treatments to relax, energise, and generally make the recipient feel good. More Information »