One Commercial

Name

One Commercial

Legal name

Bspoke Insurance Group Ltd

Website

https://onecommercial.co.uk

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Commercial Insurance Underwriting

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Commercial Lines Insurance Brokerage (FSAEADAB), Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Mixed-Use / Commercial Condominium BOP (FSAJAFAO)

Keywords

• Commercial insurance underwriting
• Managing general agent
• Independent broker distribution
• Contractors insurance products
• Property owners insurance

Headquarters

HQ city

Leeds

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. MGA Underwriting Services: As a Managing General Agent, BSpoke Commercial underwrites commercial insurance policies and earns revenue through underwriting profit margins and commissions from 'A rated' insurer backing. They provide specialist insurance products distributed through independent brokers to businesses across commercial combined, contractors, tradesman, property owners, let property, and office sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

One Commercial is a Managing General Agent (MGA) that underwrites and distributes specialist commercial insurance products exclusively through independent insurance brokers. The product portfolio spans Commercial Combined, Contractors, Tradesman, Office, Property Owners, and Let Property coverage, with policies backed by 'A rated' insurers. Brokers access quoting, binding, and policy documents through an online portal, supported by in-house underwriting, risk management, and claims specialists.

Product overview

Bspoke Commercial is a leading Managing General Agent (MGA) providing specialist commercial insurance products for independent brokers. The company offers a portfolio of insurance products including Commercial Combined, Contractors, Tradesman, Office, Property Owners, and Let Property. These products are backed by A-rated insurers and delivered through an online portal and broker portal, with tailormade solutions supported by underwriting, risk management, and claims specialists.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Combined Comprehensive commercial insurance product providing cover across a wide range of trades, including buildings and contents with accidental damage, glass, business interruption, employers liability, public and products liability, and optional covers for subsidence and terrorism. Distributed to UK businesses through independent brokers.
• Contractors Specialist insurance product covering over 140 acceptable trades with public liability, employers liability, contract works, own plant, hired in plant, and tools coverage. Designed for contractors across construction and related trades.
• Tradesman Insurance product protecting small businesses from sole traders to businesses with up to 12 persons, covering over 300 acceptable trades with public liability up to £5 million and legal liability for work carried out by bona fide subcontractors. Includes contract works, plant, business equipment, and tools.
• Office Insurance product developed for busy working offices covering building and contents, public and products liability, business interruption, lost keys, trace and access, book debts, goods in transit, property at exhibitions, and equipment breakdown including computer cover.
• Property Owners Insurance product for property owners covering let property and associated risks, providing liability coverage for landlords and property investors.
• Let Property Specialist insurance product for let property coverage, addressing specific risks related to rental properties including landlord liability and property damage.

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves1 record

Expansion highlights4 records

Emerging players

• Accelerant: MGA platform enabling underwriting for specialty and commercial lines via data and risk-exchange capabilities. Comparable as a technology-enabled MGA serving niche commercial risks, but with a stronger platform/data orientation than BSpoke Commercial.

Broad incumbents

• CFC Underwriting: Specialty insurer and MGA with strong UK broker relationships across commercial and niche lines. Comparable broker-led distribution model and use of delegated authority, though active in different niches (cyber, professional lines) than BSpoke Commercial.
• Hiscox UK: UK specialist insurer distributing commercial and SME products through independent brokers and direct channels. Compares to BSpoke Commercial on small commercial and tradesman segments but with materially larger scale and broader product set.
• Markel UK: UK arm of Markel International, a specialty insurer and MGA writing commercial and specialty lines through brokers. Overlaps with BSpoke Commercial in commercial combined, contractor, and property owner exposures but operates on a much broader portfolio scale.
• Aviva Commercial: Major UK commercial insurer underwriting SMEs, contractors, property owners and offices through brokers. Comparable product set to BSpoke Commercial but at vastly greater scale and with direct channel capability alongside brokers.
• Zurich UK Commercial: UK general insurer with commercial combined, tradesman, and property owner products distributed through brokers. Comparable product portfolio and broker channel but competes at significantly larger scale and capital base.

Direct peers

• Qdos: UK-based Managing General Agent focused on commercial insurance for contractors, tradesmen and SMEs. Highly comparable to BSpoke Commercial given its multi-trade underwriting appetite, broker-distribution model, and UK-only footprint.
• Pen Underwriting: UK MGA underwriting a broad range of commercial lines through independent brokers. Comparable in distribution model, multi-vertical product range, and reliance on delegated authority from capacity providers.
• Kingsbridge: UK commercial insurance group operating across multiple trade and SME segments through broker channels. Comparable multi-product, multi-trade approach serving independent brokers.
• Fusion Insurance: UK commercial MGA offering commercial combined, contractor, and office products to brokers. Closely mirrors BSpoke Commercial's product mix and broker-only GTM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/a

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 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 One Commercial