Insurer heeds broker calls for revamped product

NIG has rolled out its essential property owners (EPO) product to all UK brokers after a six-month trial.

EPO is a more SME-focused version of NIG’s premium property owners policy.

It was made after brokers said SME firms often found it hard to get full cover.

The product was trialled for six months from January 2012 to members of the NIG First broker club.

EPO includes damage to buildings, loss of rent, property owners’ liability and engineering breakdown. It also has additional covers such as employers’ liability, legal expenses and financial loss.

NIG head of property owners Stewart Anderson said: “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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