Sabre Insurance Company Limited
Sabre Insurance Company Limited is based in Dorking in Surrey and is presently a wholly owned subsidiary of the Binomial Group, which has its headquarters in Portsmouth, Hampshire.
The Binomial Group also owns Ultimate Insurance Solutions Ltd – an insurance brokerage which operates from the same address in Portsmouth.
Sabre first appeared in 1982, when it operated as an underwriting agency, subsequently becoming the Sabre Insurance Company Limited in 1991. There followed a number of acquisitions and mergers:
- in 1996 Sabre Insurance Company Limited was acquired by General Accident;
- General Accident merged with Commercial Union in 1998;
- the merged Commercial Union and General Accident merged in turn with Norwich Union in the year 2000; and
- shortly thereafter Sabre Insurance Company Limited was in turn sold to BDML Group Limited (established in 1998), which changed its name to Binomial Group Limited in September 2005.
Sabre Insurance Company Limited currently underwrites motor insurance alone – in particular non-standard insurance for cars, taxis and commercial vehicles. Underwriting business is conducted principally through intermediaries; although there is also direct insurance business through Sabre’s trading brands Insure 2 Drive, Go Girl and Drive Smart.
The company boasts a personnel roll of more than 100 employees.
Sabre Insurance Company Limited is a member of the Association of British Insurers (ABI), authorised by the Prudential Regulation Authority (PRA), regulated by the Financial Conduct Authority (FCA) and is registered with the Data Protection Register.
Recognising that landlords have made a significant business investment in buy to let property, landlord insurance seeks to safeguard not only the financial interest tied up in the capital investment, but also the on-going business imperative to maintain an income stream from rents and protection against other business perils faced by the owners of let property.
Typically, therefore, buildings and contents insurance lies at the heart of landlord insurance, with a total sum insured generally based on the cost of completely reconstructing the premises in the event of a major disaster.
Major liabilities potentially encountered by landlords may involve claims of negligence by members of the public, tenants or employees. For that reason, many landlord insurance policies are likely to include public liability insurance of up to a minimum of £1 million and may also include employer’s liability insurance of at least the minimum legal requirement of £5 million.
In order to protect against the potential business disruption caused by a major insured event that leaves the premises temporarily uninhabitable, landlord insurance policies typically make provision for some degree of compensation for loss of rental income.
Sabre landlord insurance
Sabre Insurance Company Limited and its relevant brands are all exclusively in the business of motor insurance, so offer no form of landlord insurance, and neither does the Binomial Group.