Excel Business Combined

A comprehensive All Risks product designed to meet the needs of a wide variety of business needs in a single policy solution.

At Covéa Insurance we are here to help protect our customers against the worst happening, and put it right if it does and our Excel Business Combined Insurance is designed to live up to this purpose by providing wide cover with innovative enhancements.

The policy is designed to meet the needs of modern businesses by offering a wide variety of optional covers allowing the cover to be tailored to meet the individual needs of the customer. It is a fully digital policy, allowing us to provide a focused policy wording, reflecting the covers purchased and avoiding confusion.

To view the Target Market Statements and Product approval Process, please click here


Introduction & Summary Sections

Please read these documents which contain important information about the policy  


Excel Business Combined Policy Summary:   
- from 01.08.21 > 

- from 01.05.23 >

- from 01.05.24 >


Introduction, Claims Processes & General Section: 

- from 01.08.21 > 

- from 01.05.23 >

- from 01.05.24 >


Trading Tools

We have a variety of tools available to support client's businesses


Risk Management Fund Section until 30.04.24>

Risk Management Fund Section from 01.05.24> 

Crisis Containment Section until 30.04.24 >






  • Modular design - Modern and comprehensive policy wording tailored to the individual client
  • All Risks as standard - Property Damage and Business Interruption covers are not restricted to loss or damage being attributed to specified events
  • Public liability extended to include Environmental Clean-Up Costs, Legionellosis and Libel & Slander as standard
  • Award winning Claim service - experienced UK based claims teams and access to our claims service 24 hours a day, 7 days a week
  • Experienced local underwriters
  • Flexible underwriting approach
  • A number of 24 hour Helpline services available including business assistance following damage to the premises or glass breakage
  • A legal advice helpline that is accessible 24 hours a day, 7 days a week for help on legal matters affecting the business.


  • Our highly experienced teams are empowered to trade and make decisions at a local level and can offer a number of trading options to support you and your client.
  • The following additional benefits are available with our agreement at an additional cost:
  • Crisis Containment - Should there be any unfortunate event causing significant personal injury or damage to your property we will pay the cost of securing the professional services of a public relations and/or marketing organisation to help mitigate any damage to your reputation.
  • Risk Management Fund - Covéa Insurance recognises the importance of effective risk management and we appreciate that you may want to make improvements to help safeguard your business. We understand that such provisions often come at a cost so Covéa Insurance will pay you a percentage of your first 12 months premium for use towards the cost of implementing improvements you agree with us.
  • Exclusivity & Lockdown on New Business
  • Long term Agreements, Rate Stability and Low Claims Rebate – Demonstrating our commitment to rewarding long terms relationships and well managed risks.

Product Information

Provides All Risks cover for damage to material property of the business occurring within 50 metres of the premises.

Cover includes:

  • Additional Costs of Construction
  • Additional Statutory Costs
  • Capital Additions
  • Continuing Interest and Hire Charges
  • Exhibitions anywhere in Europe
  • Inadvertent Omission to Insure
  • Loss of Metered Utilities
  • Reinstatement to Match (Computer Equipment)
  • Seasonal Stock Increase
  • Theft of Keys
  • Unauthorised Use of Electricity Gas or Water

Sprinkler leakage and subsidence may also be available.

Provides compensation for loss of income and pays increased cost of working to help the business return to a normal trading position as quickly as possible following an insured loss.  Cover can be provided for Insurable Gross Profit, Gross Revenue, Gross Rent Receivable, Additional Increase in Cost of Working or Increase in Cost of Working.

Insurable Gross Profit and Gross Revenue includes:

  • Book Debts
  • Compulsory Closure
  • Denial of Access
  • Exhibition Sites
  • Failure of Public Utilities
  • Key Employee
  • Property in Transit
  • Research and Development Costs
  • Unspecified Contract Sites
  • Unspecified Customers
  • Unspecified Storage Sites
  • Unspecified Suppliers

Certain Extensions are provided as standard where Gross Rent Receivable or Increase in Cost of Working is selected as the Basis of Cover.

Provides cover for damage in respect of deterioration of frozen or refrigerated stock, mechanical breakdown or accidental failure of electricity to freezers and or refrigerators.

Cover includes:

Seasonal Refrigerated Stock Increase - 25% during the following periods:

  • November, December and the first 15 days of January and 30 days up to and including Easter Day and 7 days thereafter
  • During any other period of the year where the seasonal trend of your business requires such an increase providing such increase does not exceed 90 days in any one period of insurance.

Provides cover in respect of the forfeiture, suspension or withdrawal of the Premises Licence.

Cover includes:

  • Loss of Gross Income
  • Reasonable additional expenditure incurred in maintaining the Gross Income
  • Depreciation in value of the premises if a licence for the premises cannot be obtained

Engineering Inspection is not available for new business or renewals from 01.05.24

Statutory or non-statutory inspection of specified items of machinery and plant carried out by HSB Engineering Insurance Services Limited. 

Provides cover for accidental loss or destruction of or damage to specified items within the Territorial Limits of the UK, European Union or Worldwide.

Cover includes:

  • Index Linking
  • Non-invalidation
  • Reinstatement of Sum Insured
  • Subrogation Waiver
  • Vending Machines

Provides cover for loss of business money and compensation in the event of an insured person being injured as a direct result of theft or attempted theft of money.

Cover includes:

  • Non-negotiable money and negotiable money
  • Fraudulent use of Credit Cards
  • Repair or replacement of Safes
  • Option to include loss of money in coin operated machines

Assault cover includes:

  • Counselling Costs under
  • Medical Expenses
  • Personal Effects

Provides cover for your property whilst in transit by road, rail or inland freight anywhere in Great Britain, Northern Ireland, the Isle of Man, the Channel Islands and the Republic of Ireland including sea or air transit between these territories.

Cover includes:

  • Clothing and Personal Effects
  • Contract Price
  • Expenses
  • Free on Board up to 30 days from the commencement of transit
  • Reloading
  • Substitution of Vehicle up to sum insured applicable to vehicle undergoing service and repair

Provides cover for the theft of your money or property belonging to you by any of your employee’s arising from fraud or dishonesty.

Cover includes: 

  • Reasonable professional audit fees to substantiate the amount of loss
  • Reasonable costs of rewriting or amending computer software programs or security codes in order to prevent a recurrence of theft arising from use of computer hardware 

Equipment Breakdown is not available for new business or renewals from 01.05.24

Provides cover against defined accident(s), including electrical or mechanical breakdown, to covered equipment subject to a maximum liability of £5,000,000

Cover includes:

  • Additional Access Costs
  • Anchor Location
  • Business Interruption
  • Computer Equipment
  • Damage to Own Surrounding Property
  • Hire of Substitute Item
  • Repair Costs Investigation
  • Storage Tanks & Loss of Contents
  • Optional Full Equipment Breakdown cover for process and production equipment

Provides cover against acts of Terrorism.

Cover includes:

  • Damage to property insured
  • Business Interruption
  • Acts of Terrorism triggered by remote digital interference (cyber)

Provides protection against your legal liability to pay compensation in respect of injury sustained by your employees in the course of the business up to a limit of £10,000,000 including costs and expenses.

Cover includes:

  • Contractual Liability
  • Corporate Manslaughter
  • Court Attendance Compensation
  • Health & Safety at Work Act
  • Indemnity to Other Persons
  • Unsatisfactory Court Judgements
  • Terrorist Act cover limit of £5,000,000

Provides protection against your legal liability for injury to third parties and damage to property including nuisance, trespass, obstruction or interference up to the Limit of Indemnity stated in the schedule plus any costs and expenses.

Cover includes:

  • Various limits of indemnity available up to £10,000,000 for certain risks
  • Contractual Liability
  • Corporate Manslaughter
  • Court Attendance Compensation
  • Data Protection Legislation
  • Health & Safety at Work Act
  • Indemnity to Other Persons
  • Environmental Clean Up Costs
  • Legionella
  • Overseas Personal Liability
  • Terrorism Act cover limit of £2,000,000

Provides protection against your legal liability following injury or damage caused by your products up to the Limit of Indemnity stated in the schedule plus any costs and expenses. For any claim brought in Canada, the United States of America or any territory within its jurisdiction, the most we will pay, inclusive of costs and expenses, is the Limit of Indemnity.

Cover includes:

  • Various limits of indemnity available up to £10,000,000 for certain risks
  • Products and Services covered worldwide except for North America where cover is subject to information
  • Consumer Protection & Food Safety Acts
  • Corporate Manslaughter
  • Court Attendance Compensation
  • Cross Liabilities
  • Health & Safety at Work Act

Provides cover up to £100,000 for your legal costs and expenses.

Cover includes:

  • Employment Disputes and Compensation Awards
  • Legal Defence
  • Statutory Licence Appeal
  • Contract Disputes
  • Debt Recovery
  • Property Protection
  • Personal Injury
  • Tax Protection
  • Tenancy Disputes

Provides compensation to you for an insured person aged less than 75 years should they sustain accidental bodily injury that results in an insured event.

Cover includes:

  • Capital Sum Benefits ranging from £5,000 to £50,000
  • Weekly Benefits ranging from £50 to £500
  • Deferment Period ranging from 0 to 180 days
  • Available for Specified Persons or Unspecified Persons
  • Different operative time options available
  • Disappearance
  • Medical Expenses Cover

Cyber is not available for new business or renewals from 01.05.24

Provides cover for cyber risks which could be damaging to your business and reputation. You can choose from the different options of cover available to ensure you get the right protection that you require for your business.

Cover includes:

  • Various limits available
  • Optional covers available:
    • Cyber Liability
    • Data Breach Expense
    • Computer System Damage, Data, Extra Cost and Business Income
    • Cyber Crime

This tailored section provides covers for:

  • Office or Surgery front
  • Prescription drugs, medicine and medical supplies
  • Curios, pictures, other works of art & antiques
  • Documents, plans, models and drawings
  • Homeworkers
  • Increased Public and Products liability
  • Public liability to include animals

The latest version of the product literature is available to download above. If you need a version prior to those shown or need any other information about our products please contact your broker.