"For us, its about finding another way to makes lives easier for our customers"
Phil Foster, CEO of Love Energy Savings
LEADING price comparison service Love Energy Savings has teamed-up with London-based Simply Business to give their customers access to business insurance products, they have revealed.
The introducer partnership is being called ‘Love Insurance Savings’.
And bosses say it will enable a 'seamless customer experience', helping small business owners and the self-employed to quickly and efficiently deal with both their insurance and energy needs.
Love Energy Savings CEO Phil Foster, headquartered in Bolton, said: “We’re delighted to announce the launch of Love Insurance Savings, and to partner with one of the biggest insurance providers in the UK, Simply Business.
“For us, it’s about finding another way to makes lives easier for our customers. We know from speaking with business owners that time is precious, often the most precious thing they can offer.
“And when you’re running a busy firm, it might be tempting to settle for the first insurance deal that comes your way. It’s an appealing prospect.
“What we aim to do, with Simply Business, is to take the hassle out of comparing insurance providers, helping individual companies find and secure the right insurance cover so they can save time and focus on running their company.”
The range of products available includes everything from Public Liability Insurance and Professional Indemnity Insurance, to more specific needs, such as tool insurance and business interruption insurance.
Alan Thomas, Chief Commercial Officer of Simply Business said: “We’re delighted by this new introducer partnership with Love Energy Savings.
"We know that finding the right insurance – like finding the right energy supplier – can be a painstaking process.
"This new relationship will make both aspects easier for small business owners, so they can get on with what they do best.”
Love Energy Savings was founded in 2007 and headquartered in Bolton, Greater Manchester, and specialises in securing cheaper commercial energy tariffs through an online price comparison service.
To date they’ve helped more than 216,375 customers save a combined £81m.
In late 2018, Love Energy Savings enabled business customers to switch their energy provider, entirely online, for the first time ever.
Mr Foster explained: "There was nowhere providing a solution to this, until now. Thanks to our innovative service, businesses are able to search for the best tariffs and complete the entire transaction online.
“As long as they have the necessary information to hand, such as addresses and contact details, the whole process should only take around five minutes to complete.”
Love Energy Savings has also been able to welcome outside investment as they target new growth.
In 2015 NVM Private Equity backed Love Energy Savings with £4.5 million for a 38 per cent stake and in September last year private equity investor LDC invested more than £25 million in a secondary buyout.
Simply Business is one of the UK’s biggest business insurance providers, specialising in public liability insurance for SMEs and landlord insurance.
Launched in 2005, Simply Business provides an online brokerage service delivering policies tailored to individual business requirements.
It has a team of UK based insurance specialists and employs over 500 people across offices in London and Northampton.
Simply Business provides insurance to more than 475,000 UK SMEs and landlords and can cover over 1,000 trade types.
It was awarded The Sunday Times’ Best Company to Work For in 2015 and 2016, and in 2017 became the first UK insurance broker to achieve BCorp status.