We’ve made some changes and delighted to bring you three new commercial products, which sit under the Commercial Combined banner.
The Leisure product is designed to cover businesses such as bowling alleys, gyms and leisure centres. It covers playing surfaces, car parks and guests property, as well as cups and trophies that may be stored at the premises. It also offers cover for spa and beauty treatments, in case customers are injured while undergoing a treatment.
The Manufacturers product offers flexible cover suitable for smaller businesses through to risks of up to £50 million. It offers cover for equipment breakdown, loss of goods in transfer and third party storage location cover as standard. It also includes cover for manufacturers’ samples up to £5,000.
The Wholesalers product is designed to cover the specific needs of small, medium or large wholesalers. It also covers equipment breakdown and goods in transit, but it also allows for seasonal increases during holidays such as Christmas for when wholesalers have more stock or money on the premises.
All of the new products, as well as LV= Broker’s Business insurance product, can be purchased through LV=’s regional branch network, so brokers will benefit from local knowledge and expertise.
Kevan Aubrey, Head of Commercial Distribution at LV= Broker, commented:
“As we have grown in the commercial lines market, we now need products that are more tailored to each sector. These new products should make it easier for brokers to sell cover to clients and will make us more competitive in the overall commercial lines market. The launch of these products marks an important milestone in our plans to grow our commercial book.”
Categories: Commercial Lines