Small/Medium Enterprise

What is the purpose of this product?

This product offers commercial entities where there is not an employee/employer relationship, the capacity to provide an insurance benefit in the event of a member / insured person suffering an accident that causes death or disablement.

Additional benefits enhance the offering and provide financial support and assistance services in the event of a claim. It allows our clients to provide cover and meet their duty of care needs to their members, either on a mandatory or opt-in basis.

Suitable for member or committee associations and recruitment companies as the wording refers to an individual rather than a corporate entity.

The benefits on offer are for accidents that cause bodily injury leading to the member's death or disablement.

What is the target market?

Commercial entities (employers, mutual or affinity organisations) that have an interest in giving their 'members' some financial benefit in the event they suffer an accident whilst working with or taking part in activities arranged by them.

The target market made up of organisations that have a need for personal accident insurance for individuals who may subscribe to their services as a member, such as a sports organisation or a motor club. Therefore, they have some duty of care to provide cover, even if only to enhance the membership benefits.

The target market is wide, and we will consider most activities and trades.

What is the non-target market?

Corporate clients looking to cover employees that would more suitably be covered by a commercial personal accident product.

How is the product distributed?

This product can be distributed by Brokers, direct to customer face to face or it can be sub-broked.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment (FVA) conducted in accordance with Zurich's published FVA Methodology confirms that the product provides fair value. All products listed have all passed the Fair Value Assessment and are valid until 30/09/24.

What is the purpose of this product?

This CABT product provides group policyholders with Personal Accident covers that will provide an insurance benefit in the event of an employee/insured person suffering an accident that causes death or disablement. Additional benefits enhance the offering and provide financial support and assistance services in the event of a claim. The benefit is paid to the insured person, their family or the insured group policyholder.

The Business Travel cover provides financial protection and assistance services to a group policyholder’s travelling employees, protecting them from financial loss and fulfilling their duty of care obligations. Covers include overseas medical expenses and assistance, and trip cancellation etc. 

What is the target market?

Commercial employers across a wide range of trade groups, based in the UK (cross-border and multinational programmes available offline).

Clients that want to enhance their people protection policies and compliment their employer’s liability programme, covering staff in the workplace and whilst travelling for business.

What is the non-target market?

We cannot cover individual persons unless part of a wider group. Appetite is broad and most customer types can be considered.

Cover for illness, air crew and pilots, mining, professional sports, medical staff, blue light services and municipal style customers can be considered under our commercial product.

How is the product distributed?

Brokers (via e-trade Acturis and Zurich online).

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment (FVA) conducted in accordance with Zurich's published FVA Methodology confirms that the product provides fair value. All products listed have all passed the Fair Value Assessment and are valid until 30/09/25.

What is the purpose of this product?

This product is designed to combine a business' main insurance needs with flexible optional core covers of material damage, employers', public and product liability and/or contractor all risks. A wide range of additional covers can be selected including business interruption, terrorism, employee dishonesty and legal expenses.

What is the target market?

The product is suitable if:

• You are a commercial entity (company, partnership or sole trader) based in the UK, Channel Islands, or the Isle of Man looking to insure your business
• Your business has a turnover of up to £5m (there are scheme/distribution exceptions to this limit)
• Your cover needs are more complex than our package products, so business and insurance needs mean that our package products aren’t suitable, you require more tailored cover that suit your business needs

What is the non-target market?

The product is not suitable if:

• You are not based in, the UK, Channel Islands, or Isle of Man;
• The properties you want to insure are outside of the UK, Channel Islands, or Isle of Man;
• You have unspent criminal convictions or an adverse financial history;
• Your turnover is more than £5m;
• You want to insure more than 10 buildings at new business or 15 at renewal;
• You are looking to insure predominantly residential properties
• The property you wish to insure is a:
  • Grade 1 or 2* listed in England or Wales;
  • Grade A listed in Scotland;
  • Grade A listed in Northern Ireland;
• Your risk is suitable for a package product
• Your risk is a charity, local authority, or government
• You are conducting manual work outside of the UK, Channel Islands, or Isle of Man

How is the product distributed?

This product can be distributed by Brokers who trade with us via Zurich Online, or Acturis Open Market.  

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment confirms that this product is considered to provide fair value to customers for a foreseeable period of time. The Fair Value Assessment is valid until 31/08/2025.

What is the purpose of this product?

• Contractors all risk cover for construction projects includes contract works & plant.
• Combined policy for construction businesses including Employers Liability, Public and Products Liability, Contract Works and Plant.
• Cover for personal tools used by Tradesmen.
• Owned plant, Hired-in Plant, Employers Liability, Contract Works sections for use with Trade Direct Tradesman product.
• Plant hire scheme covering loss or damage to plant or event hire equipment whilst hired-out.
• Cover for loss or damage to owned or hired-in contractors or industrial plant.
• Project specific non-negligent liability cover for damage to surrounding structures. As per Joint Contractors Tribunal (JCT) clause 6.5.1 requirements.
• Erection ‘all-risks’ cover for machinery installation projects. Includes contract works and plant covers.

What is the target market?

• Contractors or employers of all sizes involved in construction contracts in the UK including sole traders and micro construction businesses with low values of plant and tools.
• Business users, contractors and other users of hired-in industrial or construction type plant.
• Plant hirers hiring out the above equipment.

What is the non-target market?

• Projects and contractors undertaken or working outside the UK.
• Plant not used in connection with a business.

How is the product distributed?

This product can be distributed by Brokers, or delegated authority.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment (FVA) conducted in accordance with Zurich's published FVA Methodology confirms that the product provides fair value. All products listed have all passed the Fair Value Assessment and are valid until 30/09/24.

What is the purpose of this product?

Commercial liability product designed to protect Directors, Officers and others in a similar managerial or supervisory role for Charities and Not for Profit Organisations and Trustees.

What is the target market?

UK domiciled businesses ranging from sole traders to public quoted companies and charities and not for profit organisations and Trusts.

What is the non-target market?

Non-UK domiciled Trusts, Businesses and Charities.

How is the product distributed?

This product can be distributed by Brokers, MGA or online purchase by a broker.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment (FVA) conducted in accordance with Zurich's published FVA Methodology confirms that the product provides fair value. All products listed have all passed the Fair Value Assessment and are valid until 31/07/25.

What is the purpose of this product?

This product provides a comprehensive package tailored for most clerical and surgery trades. The core coverage includes Office and Surgery contents, Public Liability, and Employers' Liability as standard. Additionally, it offers coverage for business interruption, money, goods in transit, terrorism, personal accident, legal expenses, and specified items away from the premises.

What is the target market?

The product is suitable if:

• you are a commercial entity or sole trader based in the UK, Channel Islands, or the Isle of Man looking to insure your business liabilities (such as public/products liability, employers’ liability) based in the UK, Channel Islands, or the Isle of Man
• you are an individual, a company, or a partnership.
• you are looking to insure material damage.
• you want to insure properties used as Offices.
• you want to insure employers’ liability for Clerical work.
• you want to insure 10 properties at new business or 15 properties at MTA or renewals.
• you want to insure a commercial entity with a turnover of up to £7.5m.

What is the non-target market?

The product is not suitable if:

• you are not a company based in, the UK, Channel Islands, or Isle of Man.
• the properties you want to insure are outside of the UK, Channel Islands, or Isle of Man.
• you have unspent criminal convictions or an adverse financial history.
• your turnover is more than £7.5m.
• you want to insure more than 10 buildings at new business or 15 at renewal.
• you are looking to insure Offices and employees engaged in manual work
• the property you wish to insure is a
  • Grade 1 or 2* listed in England or Wales.
  • Grade A listed in Scotland.
  • Grade A listed in Northern Ireland.
• your risk is a charity, local authority, or government.

How is the product distributed?

This product can be distributed by Brokers who trade with us via Zurich Online, or Acturis Open Market.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment confirms that this product is considered to provide fair value to customers for a foreseeable period of time. The Fair Value Assessment is valid until 30/11/2025.

What is the purpose of this product?

This product is designed to provide material damage cover for premises, as well as liability cover arising from ownership of them, for properties located in the United Kingdom (UK), Channel Islands and the Isle of Man.

Cover is on an 'All-risks' basis as standard and is average free.

The products provide numerous optional extensions of covers and all heads of cover and extensions are seen as required by brokers and customers. 

What is the target market?

The product is suitable if:

• You are a landlord based in the UK, Channel Islands, or the Isle of Man looking to insure properties based in the UK, Channel Islands, or the Isle of Man;
• You are an individual, a company, or a partnership;
• You own either the leasehold or the freehold of the property;
• You have an insurable interest in the building i.e. you own the property or have a responsibility for managing the property’s insurance coverage;
• The buildings are occupied by the leaseholder or a tenant with a valid shorthold tenancy agreement;
• You want to insure properties with residential or commercial use;
• You want to insure up to 30 properties;
• You are looking to protect your residential or commercial building(s) as a property owner;
• You are looking to protect against legal liabilities that may arise from being a property owner.

What is the non-target market?

The product is not suitable if:

• You are not an individual residing in, or company based in, the UK, Channel Islands, or Isle of Man;
• The properties you want to insure are outside of the UK, Channel Islands, or Isle of Man;
• You are looking to insure individual flats but not the whole building, excluding Scotland where different legal principles apply;
• You do not have an insurable interest in the building i.e. you do not own the property or do not have a responsibility for managing the property’s insurance coverage;
• The buildings are not occupied by the leaseholder or a tenant with a valid shorthold tenancy agreement;
• You want to insure more than 30 properties;
• You are not looking to insure your residential or commercial building(s);
• You wish to cover landlord’s contents only;
• The property you wish to insure is a:
  • Grade 1 or 2* listed in England or Wales;
  • Grade A listed in Scotland;
  • Grade A listed in Northern Ireland;
• You are looking for legal liabilities only cover.

How is the product distributed?

This product can be distributed by Brokers who trade with us via Zurich Online, or Acturis Open Market.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment confirms that this product is considered to provide fair value to customers for a foreseeable period of time. The Fair Value Assessment is valid until 31/07/2025.

What is the purpose of this product?

The product is designed to provide a range of property and liability led covers for retail shops, pubs, restaurants and salons.

What is the target market?

The product is suitable if:

• You are based in the UK, Channel Islands, or the Isle of Man looking to insure properties based in the UK, Channel Islands, or the Isle of Man.
• You are a sole trader, a company, or a partnership.
• You have a premises-based retail business (e.g. shop, salon, restaurant) and wish to insure your stock and contents.
• You are looking to protect against legal liabilities that may arise from being a business owner.
• You are looking for an annual insurance contract.
• You are an online retailer.

What is the non-target market?

The product is not suitable if:

• You are not a sole trader, a company, or a partnership based in the UK, Channel Islands, or the Isle of Man looking to insure properties based in the UK, Channel Islands, or the Isle of Man.
• You have unspent criminal convictions or an adverse financial history.
• Your turnover is more than £5m.
• You want to insure buildings only.
• You want to insure legal liabilities cover only.
• You are looking for a short term (less than 12 months) or multi-year insurance contract;
• You export goods to USA or Canada.
• The property you wish to insure is a:
  • Grade 1 or 2* listed in England or Wales;
  • Grade A listed in Scotland;
  • Grade A listed in Northern Ireland.
• The business is not self-contained with its own means of access.

How is the product distributed?

This product can be distributed by Brokers who trade with us via Zurich Online, or Acturis Open Market.

Does the product demonstrate fair value?

The outcome of this assessment is that this product does provide fair value and will continue to do so for a foreseeable period of time, based on analysis of 2023 data. The Fair Value Assessment is valid until 31/08/2025.

What is the purpose of this product?

This product is designed to provide cover for businesses wishing to insure between 2 and 20 vehicles; the product covers all legal requirements under the Road Traffic Act and allows businesses to protect themselves beyond these legal liabilities

What is the target market?

This product is suitable if:

• You are a commercial entity based in the UK, Channel Islands, or the Isle of Man looking to insure vehicles based in the UK, Channel Islands, or the Isle of Man;
• You operate a commercial fleet of 2 to 20 vehicles which includes up to 3 directors vehicles;
• Your vehicles travel within the UK, Channel, Isle of Man and to the European Union, Andorra, Serbia, Bosnia-Herzegovina, Iceland, Norway, or Switzerland;
• Your vehicles are used for carriage of own goods and/or personal use;
• Your fleet drivers hold a valid driving licence;
• You have a fleet of vehicles that includes cars, light commercial vehicles and may also have heavy goods vehicles, plant machinery, agricultural vehicles, and trailers;
• Your vehicles are owned or leased by the company or director.

What is the non-target market?

The product is not suitable if:

• You are a commercial entity based outside of the UK, Channel Islands, or the Isle of Man looking to insure vehicles based outside of the UK, Channel Islands, or the Isle of Man;
• Your vehicles travel outside of the European Union, Andorra, Serbia, Bosnia-Herzegovina, Iceland, Norway, or Switzerland;
• You just want to insure 1 vehicle;
• You want to insure 20+ vehicles;
• Your vehicles are used for hire and reward;
• You want to insure your personal vehicles or employee’s vehicles (excluding directors vehicles as part of a larger fleet);
• You operate as a sole trader;
• Your fleet drivers do not hold a valid driving licence;
• You have no cars or light commercial vehicles in your fleet.

How is the product distributed?

This product can be distributed by Brokers who trade with us via Zurich Online, or Acturis Open Market.  

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment confirms that this product is considered to provide fair value to customers for a foreseeable period of time. The Fair Value Assessment is valid until 31/07/2025.

What is the purpose of this product?

The product is designed to provide insurance to small businesses with at least one vehicle, including coverage to:

• Indemnify the customer when liability arises from causing death or bodily injury to any person and damage to property (meeting or exceeding minimum legal requirements under the Road Traffic Act).
• Indemnify the customer against damage to or loss of the vehicle and accessories on the vehicle.

What is the target market?

The product is suitable if:

• You are a sole trader, partnership or company based in the UK, Channel Islands, or the Isle of Man;
• You want to insure vehicles registered in the UK, Channel Islands, or the Isle of Man;
• Your vehicles travel within the UK, Channel Islands, Isle of Man and European Union;
• You want to insure cars and light commercial vehicles under 3.5 tonnes;
• You are looking to insure a maximum of 6 vehicles;
• The vehicles are owned by the business, or its directors;
• You want to insure your vehicles on a no claims discount (NCD) basis to evidence your vehicle’s claim history;
• Your no claims discount (NCD) is earned in the name of the trading name, company or name of individual who is the principle or director;
• Your vehicles are used for business and personal use;
• Your fleet drivers hold a valid driving licence.

What is the non-target market?

The product is not suitable if:

• You are not a sole trader, partnership or company based in the UK, Channel Islands, or the Isle of Man;
• Your vehicles are registered outside of the UK, Channel Islands, or the Isle of Man;
• Your vehicles travel to countries other than UK, Channel Islands, Isle of Man and European Union;
• You want to insure vehicles other than cars and light commercial vehicles;
• You want to insure more than 6 vehicles on a single policy;
• You want to insure your personal vehicles (or vehicles owned by family members);
• Your no claims discount has been earned in the name of an individual employee, or entity other than the insured company, or company director;
• You want to insure vehicles for social, domestic and pleasure use only;
• Your fleet drivers do not hold a valid driving licence.

How is the product distributed

All products under the product family have been closed to new business and operate as renewals only. The Small Business Motor product is traded with Zurich via Brokers.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment confirms that this product is considered to provide fair value to customers for a foreseeable period of time. The Fair Value Assessment is valid until 31/07/2025.

What is the purpose of this product?

The Trades & Professions product provides Public and Product liability cover, as well as a range of optional extra covers, for businesses with up to 15 employees and with a turnover of less than £1,500,000. Some examples of our trades and professions appetite are: builders, carpenters, consultants, hairdressers, caterers and professional trades.

What is the target market?

The product is suitable if:

• You are a commercial entity or sole trader based in the UK, Channel Islands, or the Isle of Man looking to insure your business liabilities (such as public or employers’ liability) based in the UK, Channel Islands, or the Isle of Man
• You are a sole trader, a company, or a partnership
• You don’t have dedicated business premises
• You want to insure a commercial entity with a turnover of up to £1.5m
• You have up to 15 employees
• You are looking to insure contractors ‘all risks’

What is the non-target market?

The product is not suitable if:

• You are not a commercial entity or sole trader based in, the UK, Channel Islands, or Isle of Man
• You have unspent criminal convictions or an adverse financial history
• Your turnover is more than £1.5m
• You have over 15 employees
• You are conducting manual work outside of the UK, Channel Islands, or Isle of Man
• Your risk is a charity, local authority, or government
• You have a dedicated business premises  

How is the product distributed?

This product can be distributed by Brokers who trade with us via Zurich Online, or Acturis Open Market.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment confirms that this product is considered to provide fair value to customers for a foreseeable period of time. The Fair Value Assessment is valid until 31/08/2025.

What is the purpose of this product?

This product is a specialised form of insurance designed to protect businesses against catastrophic or extraordinary financial losses which might exceed the limits of their primary liability insurance policy.

What is the target market?

The product is suitable if:

• you are a commercial entity based in the UK, Channel Islands, or the Isle of Man looking to insure your legal liabilities.
• you are an individual over 18, a company, or a partnership.
• as a combination or individually, you are looking to insure XOL employers liability or public & products liability.
• you want to insure a commercial entity with a turnover typically up to £250m (in respect of E-Trades & Schemes XOL.

What is the non-target market?

The product is not suitable if:

• you are not a company based in, the UK, Channel Islands, or Isle of Man.
• you have unspent criminal convictions or an adverse financial history.
• your turnover is typically over £300m (in respect of E-Trades & Schemes XOL).
• your risk is a local authority or government.

How is the product distributed?

This product can be distributed by Brokers either online purchase or manual submission.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment confirms that this product is considered to provide fair value to customers for a foreseeable period of time. The Fair Value Assessment is valid until 30/11/2025.