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Enterprise Insurance Company PLC now in default

FSCS has declared Enterprise Insurance Company PLC in default, and is working closely with the liquidator, Frederick White, of Grant Thornton, and the Financial Services Commission in Gibraltar, where Enterprise is based, to establish the best way to help its policyholders. Enterprise is permitted to conduct business in the UK.

If FSCS establishes Enterprise cannot meet the cost of claims made against it, we will protect UK policyholders. In the case of motor insurance, this means the vehicle covered by the insurance policy must be registered in the UK. Policyholders must meet certain eligibility criteria.

FSCS protects UK policyholders who are individuals or small businesses with a turnover of less than £1 million. FSCS protects all policyholders for compulsory insurance only, e.g. the third-party cover under a motor policy.

Levels of Protection

Compulsory Insurance – Third-party cover under a motor policy.

FSCS protects compulsory insurance at 100%.

Non-Compulsory Insurance

FSCS protects the personal accident section of the policy at 100%.

FSCS protects all other types of non-compulsory insurance at 90%, e.g. accidental damage to own vehicle, except for small businesses with a turnover of £1million or more.

Limits of FSCS protection

FSCS compensation is subject to the limits that apply under the terms of the policy.

Other Types of Insurance Policies

After-the-Event Insurance

FSCS protects private individuals and small businesses with a turnover of less than £1million. Protection is at 90%.

Guaranteed Auto Protection - GAP - Policyholders

FSCS protects private individuals and small businesses with a turnover of less than £1million. Protection is at 90%.

Professional Indemnity Policyholders 

FSCS protects individuals and small businesses with a turnover of less than £1million. Protection is at 100%.

Financial Loss Warranty Contracts

FSCS protects individuals and small businesses with a turnover of less than £1million. Protection is at 90%.

Q&As about Enterprise Insurance Company

 

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