Thursday, 30 August 2012

B&Q and Screwfix enter the small commercial market

B&Q and Screwfix have introduced a range of commercial policies to their trade customers, following the launch of van insurance with Hastings and liability & tools insurance with Trade Direct Insurance. This follows a detailed tender process, involving a significant number of insurers and brokers. 

Insurance will be marketed under the "Trade UK" brand, which currently provides a number of credit products to B&Q TradePoint and Screwfix trade customers, and will be marketed through a range of the retailers' channels including online and at point of sale.

The opportunity looks to be a significant one given the strength of B&Q and Screwfix brands in this market and the fact that the opportunity has been largely overlooked until now.