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 and served 11.5 million policyholders, generating over 16.3 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 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, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. 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.

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