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PPS Short-Term Insurance today announced that the company will now be offering commercial insurance solutions in addition to its personal lines product offering. This comes almost a year after the company changed its business model from a brokerage to an insurer, to provide tailor-made short-term insurance solutions to graduate professionals.
Nazeer Hoosen, CEO of PPS Short-Term Insurance, says that the company has now entered into the commercial insurance space to ensure that their graduate professional clients can receive end-to-end cover for both their business and personal insurance needs through PPS Short-Term Insurance. This move is in line with the company’s long term vision and strategy.
“Due to the fact that our clients are graduate professionals, many of them own a private practice or a business and would therefore require a commercial insurance policy. This product is exclusive to graduate professionals and will be supported by personalised service our members have come to expect from us.”
He says that the offering has been designed and priced to meet the specific needs of its graduate professional members. “Now we can protect their assets and liability exposures in their personal and professional capacity.”
In addition, PPS Short-Term Insurance will also provide cover for a graduate professional’s business, even if it is not linked to their qualification, he says. “For example, if a qualified medical doctor owns a restaurant, we will insure all those business risks even though it is not related to their specific profession.”
Business insurance cover comes in many forms and policies to cover a variety of different risks and needs, he says. “There are various factors that determine what cover a client will need and the rate the graduate professional will pay, will depend on factors such as the nature of his business, whether they operate from a commercial building, home office and whether they have employees.”
According to Hoosen the business insurance product is highly flexible and offers the policyholder a vast selection of cover and extensions to ensure that their business is sufficiently insured against any potential financial loss.
“At PPS we realise that graduate professionals invest a lot of time and money into their business and PPS Short-Term Insurance wants to assist them with a tailor-made solution to protect their business, their assets, employees and their own livelihood,” concludes Hoosen.