Opening to founding members in 2027
Business insurance owned by the businesses it covers.
TKFL is a mutual. There are no outside shareholders, so whatever is left after claims and running costs stays with the members instead of leaving the sector as profit.
Takes about 90 seconds. No obligation, and joining the list is not an application for cover.
The problem
Commercial insurance is not built around the people buying it.
Most businesses accept the way it works because they have never seen it work any other way.
Premiums rise without explanation
Your renewal comes back up again. Nothing about your business changed, your claims record is clean, and nobody can tell you what actually drove the increase.
The margin leaves the sector
In a good year, the difference between premiums collected and claims paid becomes a dividend for shareholders who have never set foot in your industry.
Claims feel adversarial
At the point you most need the policy to work, you find yourself arguing with someone whose job is to reduce what gets paid out.
How it works
A mutual has no shareholders. That one difference changes everything downstream.
Mutuals are not new or exotic — they are how much of British insurance began, and they still cover large parts of agriculture, shipping and the professions.
Members pool their premiums
Every business that joins pays into a shared fund. That fund is what pays claims. Nothing unusual so far — this is how all insurance works underneath.
There are no outside shareholders
TKFL is owned by its members and nobody else. There is no third party expecting a return, which means no pressure to price for a dividend on top of the risk.
Surplus stays in the mutual
If claims come in below expectations, the surplus does not leave. It strengthens reserves so the mutual can absorb a bad year, or it comes back to members through lower renewals.
Members have a say in how it runs
Underwriting appetite, claims philosophy, where reserves sit — these are decisions members vote on, not decisions handed down to them.
Who it's for
Worth being straight about the fit.
A mutual works best when its members look broadly alike in the risks they carry. If that is not you, better to know now than after a phone call.
This is likely a good fit if
- UK-registered businesses buying commercial cover in their own name
- Roughly 5 to 500 employees, with an insurance programme you actively manage
- Trades, manufacturing, professional services, logistics, hospitality and property
- Businesses that renew annually and have felt the last few renewals get harder
- Anyone who would rather have a say in how their insurer behaves at claim time
Probably not the right home for
- Personal, household or motor cover for individuals
- Sole traders with no employees and no premises
- Businesses looking only for the cheapest possible price this year
- Anyone who needs cover in place this week — we are not yet open
Early members
What joining the list actually gets you.
No lock-in and no commitment. These are the practical reasons to be on it rather than waiting.
First through the door
Founding members are onboarded ahead of the general list, so your cover can start at your next renewal rather than the one after it.
A hand in how it is built
We will ask founding members directly about wordings, excesses and how claims should be handled — while those decisions are still open.
Indicative quotes before launch
If you want them, our broker partner can prepare indicative quotes now, so you have a benchmark for your next renewal either way. Entirely optional.
Join the waitlist
Four short steps. Then we leave you alone until it matters.
We ask about your cover and your renewal date because that is what tells us when to come back to you — and whether the mutual will be any use to you when we do.
- What we do with it
- Contact you about membership. Nothing is shared with anyone else unless you explicitly ask us to.
- What it commits you to
- Nothing. This is a waitlist, not an application, and it does not put any cover in place.
Questions