New insurance policy is aimed at retailers

Wednesday, 17 October 2007
Beleaguered retailers now have a new way of accessing bespoke, comprehensive insurance cover at preferential rates – and can even buy policies online.

Oval Insurance Broking Limited (Oval) has launched a policy specifically to meet the insurance and risk management needs of UK retailers.

Using the experience gained from supporting thousands of UK shop owners and managers, Oval has created Oval Retailer, which provides protection for assets, earnings and legal liabilities.

And to make it even easier for busy retailers to get the right cover for them, quickly and simply, Oval Online has also been launched.

Oval Online enables retailers to buy their insurance policy from the comfort of their own computer, potentially saving time and money.

Anita Watson, SME Divisional Director of Oval, said: “Rising levels of town centre crime, the recent flood crisis and the growing wave of private lawsuits are all adding to the pressure on retailers to take a closer look at their insurance and risk management.

“It is vital that shop owners and managers get a policy specifically created to meet their business needs – which is why we’ve launched Oval Retailer. They can gain access to this product via Oval Online or by contacting our local offices throughout the UK.”

Oval Limited, the parent company of Oval Insurance Broking Limited, is one of the fastest-growing providers of insurance broking and financial services in the UK. Backed by Caledonia Investments plc, it has created a strong national presence by merging some of the UK’s best regional companies, including those with sector-leading specialists on their teams.

Its combined size gives negotiating strength and buying power.

Oval’s Retailer policy is underwritten by Allianz Insurance plc, one of the world's major insurers.

For more details see www.ovalonline.co.uk
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