Daily Insurance Industry News
Daily Insurance Industry News
Friday 26th of April 2019
July 15, 2009

Aviva launches commercial property owners’ policy

by Gill Montia

Story link: Aviva launches commercial property owners’ policy

Aviva launches commercial property owners’ policy

Aviva has announced the successful launch of a new commercial property owners’ policy via its online trading platform, Fast Trade.

The offering, which is available exclusively online, has been developed with owners of one to 10 commercial properties in mind.

The maximum buildings sum insured is £2 million per property and the policy provides rates for over 1,000 tenant trades, including office blocks, shops, factories, small warehouses and industrial units.

Product development manager, Andrew Green, says: “Whatever the property is used for, we’ve designed the cover to make things easier for brokers and their customers, with the flexibility to add on additional cover.”

He also reminds brokers that Aviva’s Fast Trade platform includes instant access to documentation plus access to five other commercial packages: Office and Surgery, Residential Property Owners, Self-employed, Shop and Salon, Pub, Restaurant and Hotel.

Aviva has also recently warned of increased fire risk for commercial customers in the recycling trade.

According to the group, a sudden fall in demand for recycled materials, particularly from China, has meant that businesses are stockpiling materials in the hope that prices will improve.

However, storing up recyclables can pose an increased fire hazard and the insurer is urging businesses to reassess risk.


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