There are hundreds of UK insurers that offer extensive commercial insurance products and services. There are some companies that are more poplar and widely used than most. These are 3 of the most popular commercial insurance companies in the UK.
Zurich UK Commercial
Zurich UK Commercial is the third largest commercial insurer in the UK. According to the company website, Zurich UK has over 160,000 regulars that insure their enterprises and a local presence throughout the country. The company liaises with insurance brokers and intermediaries and is authorized and regulated by the Financial Services Authority (FSA). Zurich UK offers commercial insurance to a wide range of businesses. They provide 8 products and services, including :
Package Business Insurance
Provides coverage for small businesses such as hair and beauty salons, offices, firms operating up to 5 commercial vehicles, stores and minor property owners.
Corporate Business
Offers insurance for companies with revenue exceeding £5 million. Provides coverage for material damage, business disruptions, legal expenses that may occur due to claims from employees enduring an injury or illness due to or during their job, companies that own and use at least15 vehicles.
Property Investors
Provides insurance for firms that invest in property. Zurich UK gives wide-ranging coverage and benefits that are customized to each company.
SME Combined Business
Provides cover for businesses with turnovers of up to £5 million. The insurer provides coverage for material damage, theft, business disruptions, book debts, cash, employers’ liability and public & products liability.
Engineering
Provides insurance for manufacturing, distribution and construction businesses. Zurich UK covers all kinds of computer peripherals, owned and rented contractors’ plant and employees’ personal tools, electronic equipment, accidental breakdown of machinery and s more.
Allianz Cornhill
Allianz Cornhill is the largest insurance company in UK and has branches all over the country. It offers property, casualty and vehicle insurance as well as risk management services for commercial businesses of all sizes. Some of the products they offer are :
Commercial Select
This product provides benefits like single policy insurance, a wide range of coverage options, readable policy, free risk management guidance, underwriting service, claims service and flexible payment options.
Property Owners Select: This includes services such as a 24 hour glass replacement helpline, legal advice, tenants premium apportionment and a 24 hour legal advice helpline.
Motor Trade Select
This product caters to garages and car dealers. It includes unique coverage options, engineering services, uninsured loss recovery and access to professional indemnity insurance.
Headlight
This product has coverage options that include engineering services, uninsured loss recovery and access to professional indemnity insurance.
AXA Business Insurance
AXA UK is a subsidiary of AXA SA and has operations all over the UK and Ireland. AXA is one of leading insurers in the commercial sector. It is made up of four business divisions: AXA Sun Life, AXA Insurance, AXA PPP Healthcare and AXA Ireland. AXA offers coverage for self-employed, small setups and mid-sized businesses. Their products include:
Public Liability: This product is specifically for self-employed people and small businesses that employ up to 5 people. You can get extra cover for temporary staff, hand tools, mobile phones, protection for any plant you own and contract works.
Van Insurance
This commercial insurance is for goods-carrying commercial vehicles. A wide range of coverage is provided for van insurance such as comprehensive, third party only, third-party fire and theft, proposer only and named drivers.
Home-based Businesses
AXA UK offers home-based business coverage for business contents, liability protection, legal expenses and business disruption protection.
Shops
AXA provides insurance for retailers and franchises with coverage for contents, seasonal increases, loss of license, business disruption, legal expenses, public, product and employers liability.
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