Kingsbridge Risk Solutions

Kingsbridge Risk Solutions, operating under the brand Kingsbridge Contractor Insurance, was established in 2007 to address a specific niche within the insurance market. The firm was founded by Steve Wynne, who brought his extensive experience from the insurance sector to the new venture. Wynne's background includes a significant tenure at Jelf Group, where he served as group commercial director, and prior to that, he founded his own brokerage, Wynne & Co, in 1993, which was later acquired by Jelf in 2000. This deep-rooted experience in the insurance brokerage industry provided a solid foundation for identifying and serving the unmet needs of independent contractors.

The company focuses on providing specialized insurance packages for contractors, freelancers, and independent professionals across various industries, including aerospace, rail, and oil and gas. Kingsbridge's core business revolves around offering a comprehensive insurance solution that bundles multiple policies, such as professional indemnity, public liability, and employers' liability, into a single, straightforward package. This approach simplifies the process for contractors who are often required to have robust insurance cover in place to comply with client contracts and regulations like IR35. The business model is based on direct-to-consumer sales of these insurance packages, generating revenue through policy premiums.

The primary service is a comprehensive insurance package that can be purchased online. Key features include instant cover and the immediate availability of policy documents, which is a significant benefit for contractors needing to secure contracts quickly. The package is designed to be all-inclusive, covering the main liabilities a contractor faces. One of the distinct selling points is the firm's deep specialization in the contractor market, allowing them to tailor their offerings precisely to the risks and requirements of this specific client base. This specialization is further demonstrated by their 'IR35 Protect' insurance, which covers legal and tax liabilities associated with tax status investigations by HMRC, a critical concern for UK contractors. In 2016, the company underwent a management buyout backed by private equity firm Livingbridge, with James Twining joining as Group CEO.

Keywords: contractor insurance, professional indemnity, public liability, IR35, freelance insurance, specialist insurance, independent professionals, insurance brokerage, risk management, business insurance