Insurer Peach has agreed to provide capacity for Roots Contractor Insurance’s range of contractor business products, which are available via its online portal. RCI, which is part of Vestura Group, launched its range of contractor covers in 2020 and has more than 5,000 policyholders.

Pete Willcocks (pictured), co-founder and director of Vestura Group, said: “Since launching our contractor business insurances five years ago, our original capacity provider changed its appetite and was no longer able to meet our underwriting requirements. So, we started looking for an insurer who would be consistent in its appetite and coverage."

Ryan Bendelow, director of commercial at Peach, added: “We are delighted to be collaborating with RCI to provide a PI led insurance product aimed specifically at contractors. The scheme is tailored for independent, professional/white collar contractors who are set up as limited companies with a maximum turnover of £350,000 and with no more than two employees.”