Aviva improves business interruption cover
Aviva has made a number of changes to its Professional Office policy to better meet the needs of the professional services sector.
The changes follow feedback from brokers and policyholders and mean that a number of business interruption features that were previously optional are now automatically covered in the Professional Office policy, as well as a number of new benefits.
The business interruption extensions will now include loss of revenue due to damage to a nearby property, which prevents customers accessing the insured premises. Customers will also be automatically covered against the accidental failure of water, gas and electricity supplies. Changes to policy extensions also include loss of revenue if there is any disruption to telecommunication services.
In addition, in the event of a serious loss, Aviva will reimburse any fees paid if a customer has a contract in place with an external disaster recovery service provider.
The revised policy extensions also offer protection from a number of other potential disasters. For example, if essential personnel are incapacitated and unable to work, Aviva will cover the necessary expense to prevent any reduction in turnover as a result.
Carol Ann Burrows, product development manager at Aviva, said: "Failure of such essential services as utilities or telecommunications would inevitably have a financial impact on almost any business.
"Loss of revenue, even for a very short period of time, can be catastrophic to a professional services business and so by enhancing our business interruption cover we are providing this sector with a comprehensive level of protection should disaster strike."
Professional insurance can be complex, which is why Aviva doesn't offer it direct. Visit aviva.co.uk/yourbusiness to find your nearest independent broker.