Aviva Canada debuts combined business segment solution
Published: March 7, 2018
Updated: July 24, 2018
Author: Luke Jones
CATEGORY: Industry News
Aviva Canada has consolidated its business commercial solutions into one product that helps organizations pool their coverage into one policy.
The company says the merged product will make it easier for customers and will also aid brokers in offering extensions and limits. Under the previous system, insurance solutions were offered separately for different business segments and could not be combined.
Customers would previously need a Composite Mercantile Policy if they had operations across more than one business segment. The new product, called Aviva Enterprise, allows brokers to customize their coverage. Available segments include:
- Builders’ risk and contractors
- Business and professional services
- Education and educational organizations
- Hospitality and lodging
- Manufacturing and wholesaling
- Transportation and logistics.
Aviva Canada says the policy language is “transparent and provides clarity of the coverage included. This simplified policy language will allow brokers to explain coverages and limits to their customers with ease.”