VFI Member Insurance Scheme

VFI Insurance Scheme: Save on Your Insurance Today

As members will be fully aware, despite all the positive regulatory changes aimed at driving down the cost of insurance, prices have continued to increase. You are all still paying too much!

To combat this, since July 2024, eligible VFI members can access an insurance scheme arranged by the Federation that includes a 10% discount off last year’s premium. 

That’s correct – instead of facing another year of insurance increases, you will receive a 10% saving off what you paid last year.

Since the scheme launched, VFI members have collectively saved over €100,000!

WHAT IS AN ELIGIBLE MEMBER?

This pre-agreed pricing is for pubs with a 5-year loss ratio of 20% or less which, based on our surveys, should mean that well over 75% of the VFI membership are eligible.

Members with a loss ratio higher than 20% can still apply, with the scheme aiming to provide competitive pricing on an individual basis. The plan is to help drive down the cost of insurance for most pubs.

HOW DO MEMBERS ACCESS THE VFI SCHEME?

Simply contact your insurance broker, providing them with your VFI membership number to gain access to this exclusive scheme. (We will send you an email reminder with your membership number.)

The scheme insurer is Accelerant (accelerant.ai/) which is accessed via Nationwide Brokerage Solutions (NBS), (nbsireland.com/), an award-winning Managing General Agent (MGA) that supports most insurance brokers.

If your broker does not already deal with NBS, they will either need to establish a relationship, or you will need to select an alternative broker who does. Once your broker has confirmed the VFI scheme pricing, you will need to instruct them to place your pub with the VFI scheme.

If your current insurer is suddenly able to produce a counter-offer, please don’t reward them for proving they were not looking after you before now. Reward Accelerant for bringing new competition and better prices into the market.

BE PART OF THE CHANGE YOU WANT TO SEE

By joining the VFI scheme, you are not only securing better pricing for your pub, but you are also joining a movement which aims to transform the insurance landscape for the benefit of VFI members in future years. The speed and volume with which members join will determine the level of bulk-buying leverage we are able to harness, which will determine the value we are able to deliver, including the option to revisit establishing a mutual.

TERMS AND CONDITIONS

There are a few conditions and limitations which apply to the automatic pricing, such as maximum policy limits. These will affect few, if any, members. If your pub triggers one, the insurer will bring this to the attention of your broker and provide you with the most advantageous terms they can.