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This is a generic term for insurance polices that cover motor vehicles and this is `Compulsory` throughout the EU. In the UK the responsibility to insure comes from the Road Traffic Act. The Motor Vehicles (Compulsory Insurance) Regulations 2000 amended the requirement to insure and added `other public place` after the term `road. This means that if you have any self propelled vehicle, machine or plant it is our advice to ensure that you have at least `Third Party Only` insurance cover on these vehicles.Key Insurance Group Ltd has changed dramatically since its early days in the 1930s as part of an Accountancy Practice but today it is still a small family run business.
Founded in a rural area meant that in those days most of our clients formed part of the Farming Community and so our base business was made up of farms and small holdings with the associated Motor Insurances for Car, Commercial Vehicle and Tractor Insurance.
After moving to high street shop premises in 1971 our client mix started to change and we developed a strong Personal Insurances sector that ran in parallel with Farm Insurance clients. Over the following years we also developed other Business Insurance clients
By 1982 our mix of business was 50% Personal and 50% Commercial Insurance.
Since we moved to our new, and wholly owned, premises in 1991 we have continued to build on our Commercial Insurance accounts with this today showing a bias, being 70% Commercial and 30% Personal Insurance.
Key Insurance Group Ltd are founder members of the British Insurance Brokers Association (BIBA) and the Institute of Insurance Brokers (IIB). These trade associations help promote the role of Insurance Brokers with the public at large and ensure that our company is both fit and able to be approved as one of their members.
We are also part of the Westinsure Alliance who are dedicated to providing their members a clear market advantage in the placement of Personal and Commercial Insurance.
We also recognise the role of the Chartered Insurance Institute in helping to maintain professional standards within the financial services community and have chosen them to fulfil part of our ongoing needs for the development of our staff.
Milestones
1932 Oldest Agency UKPI
1968 John Davis Cliff took over from his father John Cliff [Accountant]
1971 Became JD Cliff & Co Ltd
1971 Moved to high street location [natwest bank chambers berry lane]
1971 Harold Lewis joined the Company.
1971 Obtained Burnley Building Society Agency
1974 Joined the Federation of Insurance Brokers
1977 Regulated by Insurance Brokers Registration Council
1977 Joined BIBA
1977 John Cliff served on IBRC disciplinary committee
1982 Clive Turner Joined
1983 Installed first Computerised systems
1984 Jeff Grundy joined
1986 Harold Lewis retired
1986 Migrated to Unix based Software systems
1987 Founder Members of Institute of Insurance Brokers
1988 Founder Shareholders of Policy Master Marking Ltd
1991 John Cliff died
1991 Purchased New Offices on Berry Lane
1993 Key Insurance Group Limited formed
1994 Founder Shareholder of Broker Direct Insurance PLC
1995 Key acquires J D Cliff & Co Ltd & Ravensdale Morecambe Ltd
1995 Highly Commended in Insurance Broker Awards for best use of EDI
1995 1 of 5 brokers nationally to join Norwich Union pilot scheme for net rating
1996 Key acquired Thompson Angood
1996 Barry Walters joined
1996 Obtained Manchester Building Society agency
2000 Norwich Union pilot ends
2002 Ravensdale Office in Morecambe closed
2003 Barry Walters died
2004 Migrated to Windows based Software systems
2005 Migrated to Windows Internet based Software systems
2006 Joins Sirius Focus Group for client/internet integration
2006 Joins iMarket
2007 Reorganised premises to allow for the Halifax Agency
2007 Key Insurance Group joins Westinsure Alliance
2007 Joins Sirius Financial Systems pilot for commercial Stargate portal
2008 Clive Turner works with Polaris on commercial electronic trading
