Aviva’s Global, Corporate and Specialty (GCS) business has enhanced its freight liability insurance to bring greater flexibility to freight forwarders and hauliers and cheaper cover costs.
Announcing the upgrade Aviva said the move forms part its wider aim to modernise freight insurance and deliver faster, smarter solutions for the market.
Key updates to the freight liability product include increased cover limits per tonne and per vehicle, with flexible options based on conditions of carriage and turnover - designed to better support a wider variety of business models and client risk needs.
The insurance deal also offers an expanded selection of conditions of carriage, including Logistics UK and The British International Freight Association (BIFA) for freight forwarders.
Another added benefit is the inclusion of a new lower-cost ‘economy’ cover option for clients not involved in carrying what is termed “Theft-Attractive Goods”, such as mobile phones, watches, jewellery, clothing alcohol and cigarettes.
Optional errors and omissions cover is also available online, eliminating the need for referrals.
Alongside the product enhancement, Aviva’s digital team has been boosted, with the appointment of three new marine underwriters.
The team has more than doubled in size over the past seven years and now operates on a national scale.
Chris Green, Aviva UK Marine manager, said: “Marine insurance may be centuries old, but it shouldn’t stay stuck in the past.
“For years, brokers have asked for a digital freight liability solution that goes beyond the traditional five to 10 vehicle model.
“At Aviva, we’ve listened, and we’re committed to modernising how we trade and support our brokers and clients.
“These exciting enhancements reflect our ongoing commitment to strengthening our Marine proposition and building a five-star digital trading experience.
“They help us set the standard in digital trading and make it easier than ever to do business with Aviva.”
Howard Potter, Aviva head of marine, commented: “We’ve invested in making our cargo and freight liability propositions more accessible, flexible and responsive to today’s needs.
“That includes enhanced cover limits, broader carriage condition options, and a new lower cost ‘economy’ tier for clients not handling Theft-Attractive Goods.
“We’ve also grown our team significantly to ensure we can support brokers with both digital and traditional trading. Now with one of the UK’s largest cargo and freight liability underwriting teams behind us, we’re ready to help brokers trade their way - online or offline - with confidence and ease.”
Potter added: “Aviva’s ambition is to lead the Marine insurance market by combining deep technical expertise with a clear understanding of what brokers and clients need.
“Alongside evolving our products, we’re transforming how we work, how we connect and how we deliver value.
“These exciting enhancements reflect our ongoing commitment to strengthening our Marine proposition and building a five-star digital trading experience.
“They help us set the standard in digital trading and make it easier than ever to do business with Aviva.
“These changes also support the broader strategic goals of Aviva’s Global, Corporate & Specialty business, as we accelerate toward becoming a market-leading, dual-platform specialty insurer.”
