Sterling launches business policy with “lotto win” cover
Posted on February 21st, 2010
Sterling Insurance has launched a new commercial product available at fixed rates for three years, for selected clients.
Twelve months in its development, the Executive Business policy claims a number of innovative features such as crisis containment and covering the cost of PR professionals to mitigate reputational damage.
The policy also provides “lotto win” cover that pays out for recruitment and training costs should a number of employees resign as a result of a substantial lottery win.
Turning to more standard areas, the insurance covers business interruption and all risks property damage, including equipment breakdown.
The firm’s director of commercial lines, David Sweeney, says: “The Executive Business product is a natural extension of our already market leading Executive Home and Executive Plus contracts and has been created in response to demand from the market and our partner brokers for an exceptional commercial combined product.”
He adds: “We are confident that the offering is strong and is an excellent example of our ability to provide a carefully tailored solution and service.”
Last week, Sterling was named as a network partner by Legal & General (L&G).
Under the agreement, L&G will pass referrals to the group which will then handle all customer service and the fulfilment of policies.
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Tags: Business Policy, Policy
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