LV Broker has unveiled its latest insurance policy for retailers, which has been designed to offer retailers with risk coverage up to £50m, irrespective of their size.
The launch of the new risk coverage product for retailers is part of LV Broker’s plan to strengthen its footprint in the SME market.
LV’s head of commercial distribution Kevan Aubrey was quoted by the postonline.co.uk as saying that d the launch reflected an improving outlook for the retail sector.
"It is currently estimated to be worth around £320 billion but with government-backed incentives to reignite local high streets, we see potential for this market to grow over the coming year," Aubrey told the publication.
"There is a real opportunity for brokers here and we have designed this new product to be very flexible and easy to trade with a wide range of retail outlets."
Apart from offering legal expenses cover, including cover for disputes as standard, the policy provides business interruption protection over 24 months as standard worth £500 000.
The company is also offering additional including accidental damage cover for buildings and contents, subsidence cover and the option to increase indemnity limits on public and products liability.