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Company Description in the ‘List of Winners’ preceeding the section, for checking: Tempcover Ltd The UK’s leading short term insurance comparison site and online broker for cars, vans, students and more
INNOVATION
Tempcover Ltd
Based in Fleet, Hampshire, tempcover.com is the UK’s leading online short-termmotor insurance broker and comparison site working with a panel of insurers to o er a range of products helping consumers buy exible, bespoke cover quickly, easily and a ordably while remaining legal. Established to accommodate evolving customer demands and lack of exibility within the insurance industry, the company designed and built the UK’s rst short-term insurance policies and turned that innovation into a pro table multi-million pound business. Michael Slack, Chairman, said: “Before 2006, it was not possible to include a new driver for one, two or three weeks and pay only for the speci c duration of cover required. Adding an additional driver incurred fees for adjusting the original policy and meant people were paying for insurance that lasted a lot longer than they actually needed it. Even if the insurance for the additional driver was cancelled once it was no longer required, fees would again be charged for changing the policy. “We thought motorists should be able to buy short-term, temporary insurance policies that covered the many di erent scenarios in which they were needed and wanted consumers to be able to
Customers have an account automatically created upon policy purchase allowing them to manage personal details, their quotes and policies and request documents. Alan Inskip, CEO, says: “Tempcover embodies the fundamental ethos behind The Queen’s Award for Innovation, right from initial product development through to building our own core online applications to on-board partners, comparing prices and administering each policy. In addition to its core, direct business, the company also leverages its vast broker partner network, strong relationships with the UK’s leading price comparison sites and also directly powers the temporary insurance comparison engine of confused.com. Mr Inskip continues: “Innovation that bene ts our customers is a core part of our DNA - both in maintaining our current o ering, and in continuing to develop award- winning products and solutions that make a real di erence. “Winning this award is a great honour and can be attributed to the hard work of everyone across the company. We continue to develop our business into the recognised brand of choice for all types of short term insurance.” TEMPCOVER LTD Fyfe House, St James Road, Fleet, Hampshire GU51 3QH Tel: 0333 400 1100 • www.tempcover.com @tempcover @tempcover
Michael Slack (left), Chairman and Alan Inskip, CEO.
buy a policy that actually matched their needs”. Policies o er the same levels of comprehensive cover as annual coverage and are available for anything between one and 28 days, for people aged from 17 to 78. It covers customers driving in the UK, with an extension for journeys into Europe also available. Drivers can choose exactly howmany days they want. They can also insure vehicles with a minimum value of £500, ranging up to a maximum of £65,000.
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Queen’s Awards Magazine 2017
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