News & views

You’ll find a whole host of useful articles and features on our news page. We aim to offer useful business updates, topical thought leadership and much more. We hope you find the content offers real value.

Stockpiling for Brexit? We’ve got it covered.

Estimated Read Time: 1 minute

Following on from press reports about UK businesses stockpiling for potential post-Brexit shortages and brokers feeling nervous, we’re taking some of the uncertainty away. Our products with stock cover will benefit from a Brexit stockpiling extension, where there is an automatic provision for seasonal stock increases already in place.

At the point of claim, where the policy benefits from a Seasonal Increase Extension, we’re prepared to extend that extension to include the period 30 days before and after 29th March 2019. This additional period cannot be accumulated with any other period specified in the Seasonal Increase extension, which may run concurrently with this period.

Sonya Bryson, Managing Director of NIG said:

“As a further demonstration that we understand UK businesses we’re automatically including an extension to our Seasonal Stock Increase cover to include 30 days prior and post 29th March. This will provide some peace of mind for sum insured protection in case businesses have been stockpiling ahead of the decision on Brexit.”

NIG is happy to take some of the uncertainty around Brexit away from its customers and make this change free of charge. No specific action is required by NIG brokers and NIG Claims teams have been briefed about this one-off change.

You may also like...

Mini Fleet

Mini Fleet is designed for fleets with 2 to 15 vehicles and provides cover for private cars and commercial vehicles up to 4 tonnes...

Commercial Combined

We have over 125 years experience in underwriting commercial risks. Commercial Combined offers business protection for single site...

News & views

Do your clients have the right cover for Jubilee Events?