Norwich Union Insurance today announces the launch of a van insurance package tailored to small businesses available from 01 July. Called Your Van it replaces Premier Van and is aimed at the businessperson that uses up to four vans.
Norwich Union Insurance today announces the launch of a van insurance package tailored to small businesses available from 01 July. Called Your Van it replaces Premier Van and is aimed at the businessperson that uses up to four vans.
The service for brokers using Your Van will be faster and simpler. Norwich Union is the first major insurer to roll out EDI full cycle trading for a van product following trials over the coming weeks. Your Van also allows intermediaries to offer cover to firms through full cycle EDI.
The result of months of extensive research into van user needs, Your Van's wide coverage extends to areas often excluded by other insurers, including younger drivers and couriers.
The market research highlights the tight constraints under which small businesses operate resulting in Your Van being more than just a vehicle insurance product. It has enabled Norwich Union to address the overriding need for van owners to keep on the road by offering:
- The security of 24 hour Total Incident Management through Norwich Union’s Clubline.
- Access to Norwich Union’s select repairers with 3-year guarantee for parts, even if the user changes insurer in this time.
- A replacement van option – for just Ł35 this option guarantees the use of a van of similar size, not just any vehicle, in the event of an insurable incident for up to seven days.
- RAC breakdown assistance from Ł39 a year.
- Discounted van hire should a policyholder need an additional van at any time.
The completion of application forms and numerous telephone calls will gradually be reduced as Your Van becomes established through full cycle trading.
Once brokers have generated a quote they will be able to go on cover immediately and print out all the necessary documents at point of sale. All Your Van business through EDI full cycle will also benefit from lower premiums. This reflects the efficiency and cost savings that full cycle brings to brokers and Norwich Union.
Peter Allott, market development manager at Norwich Union, says: “Being the first major insurer to offer EDI full cycle trading of a van product confirms Norwich Union’s commitment to meeting broker and van user needs providing a faster, easier and cost-effective service.”
“For the small business any interruption to day to day operations can have an immediate impact on cashflow and ultimately business survival. Your Van has been designed to meet the unique needs of van users by helping to keep their business going and by offering the flexibility to help them manage their premiums."
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For further information contact David Ross at Norwich Union on 08703 66 68 64 or 07786 526350
Notes to editors:
- Norwich Union is the UK’s largest insurer. In general insurance it is more than 1.5 times the size of its nearest competitor, and has a 19 per cent share of the market.
- It has a focus on insurance for individuals and small businesses. It insures:
- one in five households
- one in five motor vehicles
- more than 700,000 businesses
- Norwich Union products are available through a variety of distribution channels including brokers, corporate partners such as banks and building societies, and Norwich Union Direct.
- Norwich Union’s news releases are available on this internet site
- A selection of images is available from the CGNU Newscast site at www.newscast.co.uk
- An ISDN line is available for studio quality interviews. Call the press office 08703 66 68 68
- Norwich Union Insurance Limited Registered in England Number 99122 Registered Office. 8 Surrey Street Norwich NR1 3NG
- Member of the CGNU Group of companies and of the General Insurance Standards Council
For all life & pensions media enquiries 08703 66 68 73
For all other media enquiries 08703 66 68 68