BQI Insurance

What BQI Insurance does

BQI Insurance is an independent UK commercial insurance broker, founded in 2006 by Andrew Brown and Sean, operating as BQI Group Limited (FCA reference 456214, registered in Scotland) from three UK offices in Wellingborough (head office), Perth, and London, with 101-250 employees serving more than 3,500 businesses. The firm specializes in placing difficult-to-cover commercial risks across six vertical sectors: High Risk Liability, Construction, Motor Fleet & Haulage, Motor Trade, Waste & Recycling, and Manufacturing. Its core product set comprises six insurance lines — Contractors All Risks, Combined Liability, Motor Fleet, Commercial Combined, Professional Indemnity, and Motor Trade Combined — sourced from specialist insurer markets that mainstream brokers are often unable to access.

The business runs a relationship-led distribution model: each client is assigned a dedicated Account Manager, Claims Handler, and Support Team, supported by direct field sales plus phone/email inside sales (01604 498300), with an out-of-hours BQI mobile app enabling drivers to notify motor claims at the scene via image and third-party details upload. Revenue is generated through broker commissions on placed premiums; pricing is quote-based and tailored to client risk profiles, with no public fee schedule disclosed. The firm has invested in marketing sponsorships including London Stadium (2022/2023), professional golfer Ben Jones (2023), and the Brothers 'N Oars Pacific row challenge (2023), and won Insurance Broker of the Year plus Claims Team of the Year at the 2021 Insurance Age UK Broker Awards while securing Investors in People Gold accreditation.

BQI operates as part of the JMG Group platform, which underwent a management buyout in 2020 backed by private equity firm SYNIVA, positioning BQI within a consolidator group while retaining independent branding and operations. The firm is FCA-authorised and FCA-regulated, limited to UK customers, and was founded in 2006; key milestones include the 2021 head office re-opening, a record July 2022 new business month of nearly £1M GWP with 34 new clients, and the launch of the proprietary claims mobile app in 2021.

Name

BQI Insurance

Legal name

BQI Group Limited

Website

https://bqiinsurance.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

BQI Insurance is an independent UK commercial insurance broker founded in 2006, serving 3,500+ mid-market businesses across construction, motor trade, fleet & haulage, waste & recycling, manufacturing, and high-risk liability sectors through specialist underwriting relationships and dedicated account, claims, and support teams.

Ownership category

akta.pro rank

Headquarters

HQ city

Wellingborough

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Brokerage Commissions: BQI Insurance operates as an independent insurance broker earning commissions from insurers for placing business. The company acts as intermediary between clients and insurance markets, arranging comprehensive coverage portfolios.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

BQI Insurance is an independent commercial insurance broker that arranges tailored business insurance policies by acting as an intermediary between UK commercial clients and insurance markets. It places six core product lines (Contractors All Risks, Combined Liability, Motor Fleet, Commercial Combined, Professional Indemnity, Motor Trade Combined) and supports them with dedicated Account Managers, Claims Handlers and a proprietary mobile claims-notification app.

Product overview

BQI Insurance operates as an independent insurance broker offering a portfolio of commercial insurance products. The core offering consists of six main insurance products: Contractors All Risks, Combined Liability, Motor Fleet, Commercial Combined, Professional Indemnity, and Motor Trade Combined. These products are complemented by sector-specific expertise across High Risk Liability, Construction, Motor Fleet & Haulage, Motor Trade, Waste & Recycling, and Manufacturing industries. The company provides tailored insurance solutions through experienced brokers who work with clients to arrange appropriate coverage based on their specific requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Contractors All Risks Insurance cover for construction work in progress, including labour costs and materials following loss from insured perils such as fire, flood, theft and malicious damage, with cover for owned and hired-in plant. Sold to UK construction and contracting businesses seeking single-project or annual policy protection.
• Combined Liability Package policy providing Employers, Public and Products Liability coverage in a single policy, with statutory minimum £5m Employers Liability cover for businesses with employees. Sold to UK commercial clients needing combined liability protection.
• Motor Fleet Insurance cover for businesses operating 2 or more vehicles, ranging from legal minimum third-party to fully comprehensive, and including vans, haulage fleets and complex motor risks. Sold to UK businesses running commercial vehicle fleets.
• Commercial Combined Package policy covering Buildings, Machinery and Contents, Employers/Public/Products Liability, Business Interruption, Deterioration of Stock, Personal Accident and Legal Expenses for UK commercial clients wanting multiple covers under one policy.
• Professional Indemnity Claims-made insurance covering compensation costs for loss or damage arising from negligent services or advice. Sold to UK Building, Consultancy, Architectural and Asbestos Surveying professionals at risk of professional liability claims.
• Motor Trade Combined Comprehensive cover for motor trade businesses including Buildings, Contents, Business Interruption, Road Risks, Combined Liability, Defective Workmanship, Wrongful Conversion and Loss of MOT Licence Cover. Sold to UK MOT centres, repair workshops, bodyshops and vehicle sales operations.

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• Ben Jones (Professional Golfer)minorGTM or Marketing Partner · 1 January 2023BQI sponsors professional golfer Ben Jones for his career on the Asian Tour and Challenge Tour. Ben secured his Asian Tour Card after Q School and won his maiden MENA Tour title in New Cairo, Egypt.
• Brothers 'N OarsminorGTM or Marketing Partner · 1 January 2023BQI sponsors the Brothers 'N Oars team in the 2023 Pacific Ocean Row Challenge - a 40+ day row from Monterey California to Hawaii. BQI branding appears on the team boat, with the team's documentary series broadcast on Amazon Prime Video, Xtreme Sports Network, Fox-tubi and Apple TV+.
• Eleven Sports Media / London StadiumcoreGTM or Marketing Partner · 1 January 2022BQI Insurance partnered with Eleven Sports Media and the London Stadium as an Associate Partner for 3 seasons. The partnership provides branding throughout the London Stadium at every Premier League home game across the 2022/2023 season, with BQI branding visible at the stadium and networking opportunities with fellow partners.
• Mango InteriorsminorOthers · 1 January 2021Interior design firm selected for the office re-opening project, transforming the Wellingborough Head Office into a fresh, open-plan space with break-out rooms and collaboration areas.
• Seven GraphicsminorOthers · 1 January 2021Graphics company that created wall art for the Company Behaviours (Energy, Execute & Evolve) at the Wellingborough office.
• Matt Hampson FoundationminorOthersOne of three main charitable causes supported by BQI Insurance. The company hosts and supports various events throughout the year to raise money for this charity.
• Cynthia Spencer HospiceminorOthersPrimary company charity partner. Employees have participated in various events including Mudnificent 7, Colour Runs, charity tuck shops, and volunteer days at the donation centre. The charity provides specialist palliative care services in Northamptonshire.
• Scotland's Charity Air AmbulanceminorOthersOne of three main charitable causes supported by BQI Insurance, receiving ongoing fundraising support from the company.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Howden UK: Large independent specialty insurance broker operating across UK commercial lines including construction, motor fleet and liability. Closely comparable to BQI in independent status, UK focus and emphasis on specialist placement, but at significantly greater scale.
• Lockton Companies: World's largest independent insurance broker with a strong UK commercial practice serving mid-market and large clients across P&C, motor and liability. Comparable to BQI in independent, relationship-led model and commercial-line focus.
• Aston Lark: UK-based specialty insurance broker serving commercial clients across similar mid-market verticals to BQI. PE-backed roll-up with overlapping product set (commercial combined, motor fleet, professional indemnity) and broadly similar client size band.
• PIB Group: UK-focused, PE-backed insurance intermediary group built via roll-up of regional specialist brokers. Comparable to BQI in commercial-line focus and growth-through-acquisition model, with overlapping verticals in motor trade and property.
• Ardonagh Group: One of the largest independent UK insurance broker groups, formed via serial acquisitions of regional and specialty brokers. Overlaps with BQI across commercial P&C, motor fleet and specialty placement markets, but at much larger scale.
• Towergate Insurance Brokers: Major UK commercial insurance broker network serving SMEs and mid-market clients across commercial combined, motor and liability lines. Directly comparable in client segment and product breadth, though at materially larger scale than BQI.
• Nexus Group: Mid-sized UK commercial insurance broker with regional office footprint and similar mid-market client orientation. Comparable to BQI in scale and product mix (commercial combined, motor, liability).

Broad incumbents

• Marsh UK: Global insurance broker and risk advisor with large UK commercial practice. Comparable to BQI in addressing mid-market commercial P&S and motor risks, but as a broad incumbent offering wider portfolio and scale advantages.
• WTW (Willis Towers Watson): Global advisory and broking firm with substantial UK commercial lines presence (notably displaced by BQI for a major garden-furniture client). Overlaps with BQI in commercial P&C and motor fleet, but at vastly greater scale.
• Aon UK: Global insurance and reinsurance broker with comprehensive UK commercial practice. Comparable to BQI across the commercial P&S spectrum — particularly construction and motor — but operating at enterprise scale with embedded analytics platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BQIGroup
• LinkedInlinkedin.com/company/bqi-group-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BQI Insurance