Aviva GCS introduces upgraded coverage for freight liability
Aviva, a leading insurance provider, has announced several significant updates in its offerings for the real estate and construction industries, as well as for freight and logistics businesses.
Enhanced Freight Liability Insurance
Chris Green, UK Marine Manager at Aviva, and Howard Potter, Head of Marine at Aviva, have made statements about the enhanced Freight Liability insurance. This updated product, now available on Acturis E-Trade and Fast Trade platforms, offers expanded coverage conditions and an "Economy Option."
The enhanced product provides a broader and more flexible insurance solution for freight and logistics businesses. Key benefits include expanded cover conditions, an affordable Economy Option, enhanced accessibility through digital platforms, and alignment with Aviva’s commitment to providing comprehensive specialty insurance products.
While specific detailed terms of coverage expansions are not disclosed, the enhancements position Aviva’s Freight Liability insurance as a more flexible, digitally accessible, and competitively priced option for freight-related risks.
Real Estate & Construction Client Practice
Aviva's new 'Real Estate & Construction' client practice reflects the evolution of its legacy 'Property Investors' title. This strategic move brings together Aviva's Construction, Latent Defects, and Real Estate teams under a unified practice.
The Real Estate & Construction client practice is now operational and offers comprehensive insurance solutions for the real estate and construction sectors. Optional Errors and Omissions cover is available online, eliminating the need for referrals. Aviva has not provided specific details about the cover limits or additional features of this practice in the provided article.
The launch of the Real Estate & Construction client practice is part of Aviva's ongoing efforts to expand its offerings. This expansion includes the introduction of two additional lines of business on the Lloyd's market through Probitas: Political Violence and Terrorism (PVT) and Accident and Health.
The Real Estate & Construction client practice will offer insurance solutions tailored to the unique needs of the real estate and construction industries. This includes an increased cover limit per tonne and per vehicle with flexible options based on conditions of carriage and turnover.
These updates demonstrate Aviva's commitment to meeting the evolving needs of its clients in the real estate, construction, and freight industries, providing greater flexibility and accessibility in their insurance offerings.
- In response to the evolving needs of the real estate and construction industries, Aviva has created a unified client practice called 'Real Estate & Construction' that offers comprehensive insurance solutions, including optional Errors and Omissions cover available online.
- Aviva has also updated its Freight Liability insurance, now available on Acturis E-Trade and Fast Trade platforms, offering expanded coverage conditions, an affordable Economy Option, enhanced accessibility through digital platforms, and alignment with Aviva’s commitment to providing comprehensive specialty insurance products for freight and logistics businesses.
