On 17 September, Aviva launched its new comprehensive business insurance plan (MRE). The basic policy has been reviewed and its coverage expanded to meet the needs expressed by business customers to Aviva general agents.
On 17 September, Aviva launched its new comprehensive business insurance plan (MRE). The basic policy has been reviewed and its coverage expanded to meet the needs expressed by business customers to Aviva general agents. Comprehensive business insurance is aimed at micro-businesses and SMEs operating from premises of up to 3000 m2.
In conjunction with this launch, Aviva is giving a special deal to clients who terminate their old contracts before their expiry date, offering them the cover not provided by their previous insurer free of charge.
Basic comprehensive business insurance covers company assets (buildings, equipment, etc) against accidents (fire, explosion, damage, burglary, etc) as well as financial consequences (loss of gross margin, additional expenses occurred, etc) related to accidental business stoppages.
New cover provided by the basic policy
Aviva is extending cover for operating losses included in the base cover for the following risks:
- Inability to or prevention from accessing business premises as a result of an accident affecting a neighbouring company.
- Loss of suppliers, in particular of raw materials, if they suffer an accident.
Furthermore, Aviva policies now provide for the reimbursement of additional costs incurred to maintain business and sales without these expenses being tied to gross margins, which is the norm for operating losses.
New optional cover available in pack form
In addition to comprehensive business insurance, Aviva has designed special packs to meet the specific expectations of certain businesses and the needs of particular sectors:
- For example, the optional cover for additional expenses with no gross-margin cover is particularly well suited to service companies that only need to cover the expenses needed to maintain turnover, and not their gross margin, which helps to keep premium costs down.
- The "Serenity" pack is aimed at companies that want maximum cover. This pack covers exceptional events, such as the collapse of buildings and racks. This cover can also be included under operating losses.
- The "Mobility" pack covers the goods that the client transports (or has transported) anywhere in Europe and in French overseas departments and territories (DOM TOM).
- The "temperature controlled" option covers the risk of transporting frozen and milk-based products.
Finally, Aviva is reducing premium costs by taking steps that are unusual in the insurance business, such as affording discounts to companies that receive a positive safety-commission assessment.
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Press Contacts:
Aviva Assurances
Fanny Dieval
Telephone: 01 76 62 79 67
E-mail: fanny_dieval@aviva.fr
HDL Communication for Aviva Assurances
Nicolas Faget
Telephone: 01 58 65 20 17
E-mail: nfaget@hdlcom.com
Notes to editors:
About Aviva
Aviva is the leading provider of life assurance and pensions in Europe and has substantial businesses in other markets around the world, making the company the fifth largest insurer in the world on the basis of gross premiums as of 31 December 2007. Aviva has three main business areas: life insurance and long-term savings, asset management and insurance, with a total turnover of €56.7 billion in 2007 and €455 billion in assets under management as of 30 June 2008.
With more than 150 years of experience in France, Aviva ranks among the top ten players in the insurance market. Aviva France operates a balanced, solid and profitable multi-distribution model: 875 general agents, 1800 branch staff, 400 life assurance advisers and more than 1000 brokers. Aviva France also works with well established partners such as AFER, the largest savings association in France, the Crédit du Nord group, Union Financière de France and Médéric. A specialist in unit-linked products, Aviva is renowned for the performance of its long-term funds and strong commitment to customers through its ‘Good advice' approach. Aviva has more than 3300 direct employees in France. On 31 December 2007, Aviva France reported a consolidated turnover of €6.5 billion and a net profit based on IFRS accounting standards of €338 million. The company was managing €71.4 billion worth of assets as of 30 June 2008.