Aviva Insurance Limited

PO Box 4 Surrey Street Norwich NR1 3NG
+44 (0)1603 622200
  • About Aviva

    Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.  In UK commercial, the insurance market remains challenging for insurance brokers and customers, due to the ongoing economic conditions. Aviva Insurance are focusing on improving our processes to ensure Aviva provide commercial customers with insurance cover at an acceptable price.  Insurance brokers also recognised our excellent customer service by voting us Insurance Times General Insurer of the Year in 2012, for the second year running.  youTalk-insurance sharing Aviva insurance news and video.

Aviva launches first Business Interruption calculator with enhanced insurance cover


Aviva has launched the first business interruption (BI) calculator to help SME customers not only assess the level of insured profit required but also the appropriate indemnity period. Customers using the calculator will also receive enhanced cover limits free of charge to help them avoid underinsurance.

Whilst many customers think about the cost of rebuilding a premises or replacing key equipment and stock, they can often underestimate the length of time it would take to get back to the same level of trading prior to an incident.

According to Aviva research around two thirds of businesses only take out business interruption cover for 12 months or less whereas BIBA recommends it should be a minimum 24 months.

The online calculator helps assess the cover levels but to provide further reassurance Aviva is offering those businesses who use it and have a turnover of up to £25m annually, enhanced cover options, free of charge.

This enhanced cover includes an additional 12 month’s indemnity period and proportionate increase in the sum insured over and above those recommended by the calculator and removes the ‘average provision’ in the policy. And to help protect against unforeseen positive business trends Aviva’s declaration linked cover has also been enhanced to now offer 150% limit.

Gareth Hemming, director of SME commercial at Aviva, said: “We know how important it is for businesses to have the right level of cover that performs as they would expect should they need to make a claim. We also know that calculating the right amount of cover can be complicated but we are about to change that.

“Our business interruption calculator is the first of its kind designed to help brokers ensure the customer has the right cover limits and indemnity period. In addition, where customers insure for the amounts suggested we will adjust the terms and conditions, free of charge, to provide an extra layer of security against the unexpected.

“We are committed to abolishing underinsurance for our customers and we know this calculator is a great tool to support that ambition.”

For more information insurance brokers should speak to their usual Aviva sales manager.

Alternatively, Click Here and complete the youTalk-insurance 'Contact Aviva' form and we will pass your message on

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