SHOPS - rsabroker.com brochure.pdf · You can buy our new Shops product on RSA Online...
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Specifically designed to suit the needs of limited companies, partnerships and sole proprietors operating small to medium retail businesses, our Shops package covers a range of trades including convenience stores, takeaway food outlets, clothing, cafés, coffee shops, and hair and beauty salons. SHOPS Add or subtract a range of options to suit your clients’ needs
Transcript of SHOPS - rsabroker.com brochure.pdf · You can buy our new Shops product on RSA Online...
Specifically designed to suit the needs of limited companies, partnerships and sole proprietors operating small to medium retail businesses, our Shops package covers a range of trades including convenience stores, takeaway food outlets, clothing, cafés, coffee shops, and hair and beauty salons.
SHOPSAdd or subtract a range of options to suit your clients’ needs
Ourrefreshedproductgivesyoumoreflexibilitythanevertoensurethatthecoverprovidedmeetsyourclients’requirements.Youcanchoosecoversatquote,mid-termorrenewal–seetheflexibleoptionssectionformoredetails.
Wehaveexpandedourtradeandgeographicaleligibilitysowecannowcovermoretradesandpostcodesthanever.
Personalaccidentcoverisnowavailable.
We’veamendedourapproachtohairandbeautyandnowuseallthedataprovidedtoensurethatpricingandtermsreflecttheactivitiesthatyourclientsundertake.
We’vereducedthenumberofendorsementsthatappearonourschedulestocutdowntheamountofvariationincoveryouneedtoexplaintoyourclient.
We’vesimplifiedourapproachtosecurityrequirementsandchangedourapproachtoalarmrequirements.
OurrefreshedproductgivesyoutheabilitytoflexyourrateofcommissiononRSAOnlineandActuris.Thismeansthatyouwillbeabletoreducecommissiontoaslowas0%orincreasethepolicycommissiontoamaximumof35%.
HOW WE’VE IMPROVED
OUTSTANDING STANDARD COVER…
Generaltradestockwithamountspecifiedbyclient–optionstoincludecoverfortobaccoandalcoholarealsoincluded.
Othertradecontentswithamountspecifiedbyclient.
Buildingscoverortenantsimprovementscoverareavailablewithamountspecified byclient.
Forbuildings/tenantsimprovementsandcontents/stock,covercanbeprovidedonastandardfireandperilsbasiswithoptionstoincludeaccidentaldamageandsubsidence.
50%seasonalstockincreaseforChristmasandEaster(oraperiodofthesamelengthofyourchoice).
Ourstandardcoverconsistsof:
Goodsintransitcoverof£2,500withtheoption toextendto£10,000.
Unspecifiedallrisksitemsto£2,500withthe optiontospecifyabovethislimit.
£1,000coverfordamagetofrozenandchilled foodwiththeoptiontoincrease.
Public/productsliabilityisautomaticallyincluded to£2mwiththeoptiontoincrease.
Lossofliquorlicencecoverto£100,000withtheoptiontoincrease.
Moneycoverfrom£1,000withtheoption toincrease.
Businessinterruption–grossprofitfrom£500,000withtheoptiontoreduceorincrease.
Optionsareavailabletoincludelegalexpenses,fidelityguaranteeandpersonalaccident.
...AND A RANGE OF FLEXIBLE OPTIONS
Youcanchoosefromarangeofpackagedcoverstoensurethepolicyandpremiumarespecifictoyourclients’needs–thisincludes:
•Liabilities •Businessinterruption •Money •Lossoflicence •Deteriorationofstock.
Treatmentliabilityforhairandbeautyrisks.
Addorsubtractarangeofmodularoptionstosuityourclients’needs:
Ourmodularproductprovidesflexibilityto ensureyourclientsonlypayforthecoverthat theyneed.Increasesareavailablewherehigher limitsarerequired.
WecoverriskswithATMsinstalledat thepremises.
Wenowcoverretailerswhooperatefromadomesticpremises.
Theproductalsoprovidescoverforrisks retailingsecondhandgoods,including charityshops.
Weofferfree24-houradvicelinesfor catastropheclaimassistance,emergency repairs,healthandsafety,stresscounselling andtaxationadvice.
WHY CHOOSE RSA SHOPS?
YoucanbuyournewShopsproductonRSA Online(rsaonline.rsagroup.com)andActuris.
AN APPETITE FOR BUSINESS
WHERE TO BUY
Hairdressers
Foodrisksincludingtakeawaysandfishandchipshops
Conveniencestores
Contentsunder£20kandstockunder£10k.
RSA’sShopsisextremelycompetitivefor:
1.NEW,REFRESHED,EASY-TO-TRADE SMEPRODUCTS
OurnewandrefreshedSMEproductsareprice-competitive,withincreasedlevelsofeligibility–creatingmoreopportunitiesforbusiness. Oursimpleproductsoffermodularcoversfor evengreaterflexibility.
2.ATTENTIVESERVICEANDRESPONSIVETURNAROUNDTIMES
We’veimprovedresponsetimesfornewbusinessandMTAs.We’vealsoimprovedourrenewalsprocesseswithregulare-bulletinsandanonlinedashboardonRSAOnline,whereyoucanaccessLiveChattomakee-tradingwithusfaster,easierandmoreefficient.
WHY RSA FOR SME?
3.STRONGREPUTATIONFORFAIRCLAIMSAsamarket-leadingSMEclaimsprovider,wewilldeliveraneffectiveandefficientclaimsserviceencompassingspeedofaction,technicalexcellenceandpaymentinaccordancewiththepolicy.YourSMEcustomersbenefitinparticularfromthefollowingRSAClaims:
‘Express5’Commitment:Onreceiptofafullpresentation* ofanypropertyclaimunder£2,500wewillexpressprocessyourclaimwithin24hours,orthesamedayifreceivedbeforemidday.Chequesareissuedwithin24hoursandiffurtherinformationisrequiredwewillcallyoutoensureyourclaimcanstillbeexpressedthesameday.
BespokeSupplyChain–exclusiveaccesstoalargenetworkofvettedsupplierswhoprovidearangeofpropertyservicesatspeciallynegotiatedrates.
UniqueIn-houseLossAdjustingServicestoinvestigatealltypesofmaterialdamageandbusinessinterruptionclaims,enablingswifteron-sitesettlementandwithnofeesforin-housecases.
Werecognisecommunicationiskeytoasuccessfulpartnershipandworktoagreedservicelevelstoensurewerespondeffectivelyatkeypointsoftheclaim.
*Presentationtoincludefulldetailsunder5keyareas:Policynumberandschedule, Lossdetails,Estimateforrepairorreplacement,SettlementmethodandPayeedetails.
4.FINANCIALSTRENGTHANDHERITAGEWe’retheUK’slargestcommercialinsurer,withaheritagestretchingbackover300years.Oursolidcreditratings,A+NegativefromStandard&Poor’sandA2StablebyMoody’s,showwe’veachievedsustainable,profitableperformanceinacompetitiveandchallengingmarket.
5.ACOMPREHENSIVERANGEOFONLINEPRODUCTS
AswellasourrangeofSMEproducts,includingMiniFleet,Offices,Properties,Shops,SmallBusinessCombinedandtwonewproductscomingsoon,Hotels&RestaurantsandTradespeople&Homeworkers,wealsohaveseveralspecialistproductsonRSAOnline.TheseincludeProfessionalIndemnity,eComputers,andourMarineproducts:HaulageeSolutions,TransiteSolutionsandCargoeSolutions.
6.ACCESSTOSMEE-TRADINGEXPERTSOurSMEe-tradingexpertsprovidesupportinpersonorbyphone,includingsystemdemos,coaching,andproductandmarketexpertise.Ifyouneedhelpe-tradingOffices,Shops,SmallBusinessCombined,PropertiesandMiniFleetproducts,speaktoyourlocale-tradertoarrangeacallorvisit.
OUR NEW AND REFRESHED SME PRODUCTS ARE PRICE-COMPETITIVE, WITH INCREASED LEVELS OF ELIGIBILITY – CREATING MORE OPPORTUNITIES FOR BUSINESS.
WHATDOWEMEANBYMODULARPRODUCT?
OurShopsproductwillprovideaninitialquoteonatraditionalpackagesbasis.Thisquotecanthenbeamendedtoincreaseordecreasesumsinsuredandremovecoversbasedontheindividualclient’sneeds,providingamuchmoreflexiblesolutionthanavailablepreviously.
HOWMANYLOCATIONSCANBEINSUREDUNDERTHESAMEPOLICY?
Amaximumof10locationsmaybeinsuredononepolicy.
WHATISTHEMAXIMUMSUMINSUREDPERPREMISES?
£2.5msuminsuredperpremises.
DOYOUINSURERISKSWITHANATM?
OurproductcanaccommodaterisksthathaveATMsinstalledattheirpremises.
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HerearetheanswerstoourmostfrequentlyaskedquestionsaboutShops.
YOUR QUESTIONS ANSWERED
DOYOUINSURERISKSTHATDEALWITHSECONDHANDGOODS?
OurShopsproducthasaprovisiontoallowcoverforrisksthatdealwithsecondhandgoods(includingcharityshops)providedthatallstatutoryrequirementsandtestinghavebeencarriedout.Coverwillalsobesubjecttolimitsforhighervalueitems(e.g.watches,rarebooks).
DOYOUPROVIDETREATMENTRISKFORHAIRANDBEAUTYTRADES?
Yes,providedthatalltreatmentsarenotofaninvasiveormedicalnature,thatpreparationsusedareproprietaryandthattreatmentsarecarriedoutbyqualifiedstafforundertheconstantsupervisionofqualifiedstaff.
HOWDOICHOOSECOVERSWHENE-TRADINGSHOPS?
WhentradingShopsonRSAOnline,allofthepackagedcoversarealreadyselectedforyouthefirsttimethatyouenterthequotation.Allyouneedtodoisfollowtheon-screeninstructionsanddeselectthecoversthatarenotrequiredforyourclient.
OnActuristheprocessisslightlydifferent.YourinitialquoteforShopswillincludeallthepackagedcovers.Then,forsubsequentsubmissions,youhavetheoptiontodeselectanyofthecoverstogetaquotationonthatbasis.
PleaserefertothepolicydocumentationorcontactyourusualRSAcontactforfurtherdetailsifrequired.
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YOUR QUESTIONS ANSWERED
rsabroker.com/sme
Royal&SunAllianceInsuranceplc(No.93792).RegisteredinEnglandandWalesatSt.Mark’sCourt,ChartWay,Horsham,WestSussex,RH121XL.AuthorisedbythePrudentialRegulationAuthorityandregulatedbytheFinancialConductAuthorityandthePrudentialRegulationAuthority. UKC04711
