Aviva makes enhancements to Shop & Salon product
Authored by Aviva
We’ve made some enhancements to our Shop & Salon product to allow you to place more business online without the need for referral.
What’s new?
The following enhancements are effective from Monday 13 November 2023 on both Fast Trade and Acturis eTrade:
Widening our acceptance criteria
- We’re increasing the total combined MD/BI sum insured limit from up to £5m to up to £7.5M*
- We’re doubling our upper sum insured limits for Stock £500,000 to £1,000,000
- We’re doubling our maximum sum insured limit for Business Interruption from £1,500,000 to £3,000,000.
- With five different sum insured options now available for Business Interruption (£1m/£1.5m/£2m/£2.5m/£3m) you’ll be able to offer your clients greater flexibility to build the most suitable level of cover for their needs.
These changes have been made as a direct result of broker feedback and following our continuous review of common referrals and declines to make sure we’re delivering you more online quotes first time round.
Additional changes
Due to the ongoing challenge of weather-related events, and to help keep our rates as competitive as possible for your clients, we’re introducing an increased Escape of Water excess of £500 under our Shop & Salon and Office & Surgery products.
This means we now have a consistent approach across our digital Property based products, with a £500** Escape of Water excess applying to all (Property Owners, Commercial Combined, Shop & Salon and Office & Surgery).
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.