The new offering, which is traded exclusively online, is packaged to target owners with one to 10 commercial properties, with a building sums insured of up to £2 million per property. The package provides preferential rates for over 1,000 tenant trades including office blocks, shops, factories, small warehouses and industrial units.
Andrew Green, product development manager at Aviva, the new name for Norwich Union, said: “This new package product provides comprehensive cover for property owners, whether they have one or 10 properties. Whatever the property is used for, we’ve designed the cover to make things easier for brokers and their customers, with the flexibility to add on additional cover.
“Fast Trade provides brokers with access to Aviva’s commercial package range and enables them to transact business more easily, with a quote and buy facility and instant access to documentation.”
There are five additional commercial packages available via Fast Trade, which are Office and Surgery, Residential Property Owners, Self-employed, Shop and Salon, Pub, Restaurant and Hotel.