With six branches throughout New Zealand, and representing thirteen franchise brands, anyone with an interest in luxurious and prestige cars will know Armstrong Motor Group.
Founded by Rick Armstrong in Tuam Street,Christchurch in 1993, with just 33 vehicles, it now sells over 400 new and used cars per month, and employs over 220 staff.
The insurance liabilities for a prestige car business go beyond the usual business insurances. There’s motor cover for a large number of unnamed drivers, with both customers and staff frequently driving high value vehicles. There’s also the risk of theft, such as someone neglecting to return a valuable vehicle from a test drive.
Then there’s the risk of a customer’s car being damaged while in the workshop, either through a mechanic’s faulty workmanship, which is rare but still a risk, or other unforeseen incidents.
On top of that there’s a need for the more regular buildings and premises insurance for all the Armstrong branches, and cover for a large number of employees on multiple sites throughout New Zealand. Staff needs include travel and medical insurances as well as key person protection.
Since day one, Rick has trusted Derrick Abbott’s advice for all of his insurance needs. Some 18 years later, Rick still appreciates having a direct line to Derrick, and says that far from taking their relationship for granted, Derrick works as hard now to deliver cost effective insurance cover as he did at the start. As a result the Abbott Group have earned their place as Armstrong Motor Group’s insurance broker for the foreseeable future.