Insurance broker pays out more than £2m in settlements during year.
By Craig Heatly
Insurance broker T.H. March has announced a healthy 5% increase in annual turnover, having put £2.4 million back into the trade by paying personal jewellery claim settlements and commission to jewellers.
T.H. March said this is "good news for the trade".
The March Guard scheme is a self-issue insurance scheme that allows instant cover on items sold by the jeweller who then earns a commission on each successful sale. The customer can choose whether they would like one or three years cover on their purchase for up to £10, 000 in total.
T.H. March personal lines director John Watson said: “These products have been designed specifically to keep customers returning right back to their original jeweller for repairs or replacement in the event of a claim.”
T.H. March will be attending this years IJL where it will showcase its insurance portfolio tailored to jewellery retailers.