NIG rolls out SME property product after successful trial run
NIG has launched its SME-focused Essential Property Owners (EPO) product to the wider broker market.
The product was initially made available to a limited broker panel including NIG First brokers for a six-month trial period.
EPO is a version of the insurer’s Premium Property Owners product, tailored to the SME market.
Core benefits include damage to buildings, loss of rent, property owners’ liability and engineering breakdown.
NIG said it had developed the product in response to broker complaints that the SME market was sometimes under-served in terms of policy coverage.
Stewart Anderson, head of property owners at NIG, said: “EPO has been well received during its initial period.
“We were keen to make EPO available to other partner brokers in the market after this period as there is a great opportunity to grow our market share based on the strength of its policy coverage and our sector expertise.”
He added: “We have high expectations for the performance of the product. In our view it fills an important gap in the SME market and completes the property portfolio at NIG.”
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