E-commerce: Groupama pilots ‘first stand-alone PI cover for SMEs’
Groupama Insurances has expanded its Optima online product range with the pilot launch of what it claims is the first stand-alone professional indemnity (PI) cover for small to medium- sized enterprises (SMEs).
The insurer said that the policy, which provides cover for over 300 trades and professions with indemnity limits from £50,000 to £5m, aims to offer brokers serving the SME community a "viable alternative to the major PI insurers".
It added that Optima PI focused on trades outside the traditional professions, with up to 20 employees, or up to 40 via Groupama's broker trading team.
Malcolm Smith, commercial lines director, said: "In our increasingly litigious society, the value of PI cover cannot
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