Groupama Insurances has launched Optima Trade Plus offering micro SMEs a range of benefits and cover that has traditionally only been available to much larger companies.

Optima Trade Plus forms the latest addition to Groupama's growing Optima range of automated commercial products, building on the success of its Optima Trade and Professional product for tradesmen.

The insurer said the launch was a significant development opportunity for brokers targeting the three million businesses in the UK's SME community.

Cathie Bruce, Distribution and Customer Service Director at Groupama said: “It not only offers a range of valuable benefits and covers to smaller businesses, but the whole process of placing business is streamlined with instant quotes online and cover confirmed immediately.

“Excellent levels of protection combined with ease of transaction for business partners are the hallmarks of our Optima product range and Optima Trade Plus is no exception.”

Optima Trade Plus provides cover for work across the European Union and is available to tradesmen, professionals and home-workers operating on a self-employed basis, for partnerships, and for limited companies with a maximum of eight persons working in the business.