Business Package
Our Business Package policy is a Commercial Combined product designed to be traded online. Suitable for UK based businesses including retail, leisure, services, transport, warehousing, manufacturing and wholesaling with flexible optional sections to create a straightforward and tailored solution.
Why choose NIG for Business Package?
- Introductory no claims discount available at new business.
- Over 1000 acceptable trades.
- No claims discount available at renewal.
- Straightforward online question sets.
- Standard excess of £250 for material damage with £100 or £500 options available. (NB the minimum Excess for Escape of Water is £500).
- Can cover up to 3 premises.
- Flexible range of Covers.
- Includes Engineering Breakdown cover as standard. Providing up to £250,000 for Computer Equipment, a maximum of £15,000 for Frozen or Chilled Foods and up to £5,000 for other Perishable Goods.
- Option to add Legal Expenses up to £150,000.
- Option to add Cyber cover up to £100,000.
- The Stock in Trade sum insured is extended to include a 25% or £500,000 (whichever is the lower) seasonal increase during November, December and 15 days before and after Bank Holidays (other than those Bank Holidays in December).
- Advice lines for health and medical assistance, business emergency assistance and legal advice.
What's covered
Standard covers
| Cover | Maximum limits |
|---|---|
| Material Damage – Contents & Stock* | £5,000,000 per location |
| Engineering – Equipment Breakdown | £3,000,000 per accident |
| Engineering – Computer Breakdown | £250,000 |
| Engineering – Deterioration of Stock | £15,000 |
Optional covers
| Cover | Maximum limits |
|---|---|
| Material Damage – Buildings & Tenants Improvements | £5,000,000 per location |
| Electronic Business Machines | £1,000,000 per location |
| Business Interruption – Gross Profit | £5,000,000 / 36 months |
| Business Interruption – Book Debts | £1,000,000 |
| Public / Products Liability | £10,000,000 |
| Employers’ Liability | £10,000,000 |
| Specified All Risks | £1,000,000 upon referral |
| Fidelity Guarantee | £250,000 |
| Legal Expenses | £150,000 |
| Terrorism | Available |
| Goods in Transit – Vehicle Load Limit (Minimum limit available is £2,000) | £50,000 |
| Money – In Transit (Minimum limit available is £2,000) | £12,000 |
| PA (Assault) – Death and Permanent Disablement ** | £10,000 |
| Cyber – Indemnity Limit (Minimum limit available is £25,000) | £100,000 |
* Must insure Contents or Stock
** Included automatically when money cover selected
This is a summary of the cover available. Please refer to the Policy Booklet for full terms and conditions.
Available on
- TheHub
- Acturis
Documents
The following policy documents apply to policies incepted on or after 2 September 2024 or renewal dates on or after 2 September 2024.
