Covéa launches ‘all risk’ option for SMEs

Covéa Insurance has launched the e-Trade Commercial Combined product, an ‘all risks’ solution for SMEs. A motor option is due to follow shortly.

It’s designed to meet the changing needs of today’s SME businesses and is the first in a series of e-traded products. 

One of the key features of the product is its modularity, which offers up to 15 optional sections of cover, ensuring businesses only pay for the cover they need.  The product also includes the addition of Cyber cover with Covéa Insurance being one of only a few insurers offering this increasingly valuable cover on an e-Trade Commercial Combined product. 

For risks that are slightly more complex, brokers will have a 60 minute referral response time, with the added support of a webchat facility, allowing brokers to provide an efficient response to their clients.

Carolyn Callan, director of commercial lines & HNW, said, ‘‘We wanted to offer brokers a comprehensive suite of covers on an e-traded platform but with a product that could be completely tailored to client’s requirements, giving them exactly the level of cover they need, when they need it, without paying for unnecessary cover. 

‘This product has been in pilot for several months, with the invaluable feedback we have received from brokers helping to shape the final proposition.  We are excited to launch it to our full broker panel, knowing that our products are backed by an award-winning claims service and dedicated teams committed to putting brokers and their customers at the heart of everything we do. ‘