New Commercial Vehicle policy to attract ‘white van man’

4th December

Covéa Insurance is today re-launching its Commercial Vehicle (CV) product designed for tradespeople driving vans – commonly referred to as ‘white van man’.  The new product, branded “Your Van”, has enhanced policy features and increased cover limits as well as a refreshed and simplified policy wording. The company’s aim is to create an appealing and competitive proposition for brokers that meets the needs of today’s commercial vehicle drivers.

The launch also coincides with the company’s decision to widen availability of its CV product. Boosted by its strong performance, and an upgraded product proposition, Covéa Insurance believes conditions are now ideal for extending the availability of its CV product to an increased number of brokers. As a result, the company will be implementing a phased broker distribution in the coming months.

Sue Coffey, Director of Personal Lines Distribution and Underwriting comments;

 
“Contrary to what many people may say about the ‘white van man’ our experience shows that commercial vehicle is a motor insurance market with a solid performance. In terms of strategic fit, our refreshed commercial vehicle product complements our private car and small business products, offering plenty of scope for cross-selling, especially with the product enhancements we’ve made."

 

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About Covéa Insurance

Covea Insurance plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France, generating over 16.9 billion Euros in premiums in 2018.  

Covéa Insurance looks after the insurance needs of over 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, pet, mid and high net worth insurance and a range of commercial insurance products, through a range of distribution channels. Employing over 1800 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and is signatory to the HM Treasury Women In Finance Charter. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

In 2018, Covéa Insurance were recipients of the Personal Lines Insurer of the Year award at both the British Insurance Awards and the Insurance Times Awards and was the top rated insurer in the Insurance Times Broker Service Survey for both Personal and Commercial Lines.

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