Commercial combined
Our commercial combined insurance is ideal for businesses that have more complex insurance requirements and require a tailored approach to the level of cover they need.
Please refer to the policy wording for full details of cover and applicable terms and conditions.
Overview
Optima Business is our flexible multi section commercial combined policy. Core cover is property with the flexibility to add a range of additional covers to suit each specific risk. Liability only risks written, excluding employers liability in isolation.
Optima Business Plus is our fully automated online commercial combined product available via Optima Online. Our highly intuitive user interface allows you to tailor cover for your SME clients for over 1,000 trades. For trades that are not listed, an electronic referral will automatically be made to our Commercial E-trading team. Whether you’re writing new business or have mid-term adjustments, Optima Business Plus provides a quick, highly professional service, bespoke to your clients’ needs.
Who is it for?
| Optima Business & Optima Business Plus | |
|---|---|
| Aimed at risks that fall outside the range of our package products |  |
| Risks with wage roll up to £2.5 million or turnover up to £7.5 million | |
| Risks with sum insured at each location for property and business interruption up to £7.5 million (Optima Business Plus - up to £5 million in most cases without referral) | |
| Single or multi location risks | |
| Low hazard contracting risks | |
Commission
17.5% except EL at 10%. Variable commission to 30%.
Minimum premiums
- Optima Business from £750 plus IPT
- Optima Business Plus from £150 plus IPT dependant upon sections selected
How to get a quote
| Option | Optima Business | Optima Business Plus |
|---|---|---|
| Optima Online |
|
|
| Via our underwriters in Manchester and London | |
|
Cover
Core cover
| Cover | Optima Business & Optima Business Plus |
|---|---|
| Property |
All Risks (only option available for Optima Business Plus) or Fire and Perils |
Cover automatically extends to include
| Cover | Optima Business & Optima Business Plus |
|---|---|
| Day one reinstatement | 15% uplift on buildings and general contents |
| Glass | If All Risks cover selected |
| Money | £2,500 during business hours |
|
Capital additions |
10% of buildings sum insured or £250,000 |
| Replacement locks | £1,000 limit if theft cover operative |
| Damage to underground services | £25,000 limit |
| Extinguishment expenses | £25,000 limit |
| Metered water charges | £2,500 limit |
|
Cover away from the premises: |
|
|
- Computer records and business books |
£25,000 limit |
|
- Stock at storage locations |
£10,000 any one location, £20,000 total |
|
- Contents temporarily removed |
15% of sum insured or £25,000 |
|
- Stock and contents at exhibitions |
£10,000 limit |
Cover can be extended to include
| Cover | Optima Business & Optima Business Plus |
|---|---|
| Subsidence | |
| Terrorism | |
| Business interruption | Various cover options available; gross profit, gross revenue, additional cost of working etc. Maximum indemnity period selectable up to 36 months. |
| Book debts | |
| Public and Products liability | Up to £10 million limit of indemnity |
| Employers' liability | £10 million limit of indemnity |
| Money | Wider cover than standard is required |
| Fidelity Guarantee | (Not currently available on Optima Business Plus) |
| Goods in transit | Options to cover transit by own vehicles, haulier vehicles and road, post or courier services |
| Computer breakdown | |
| Glass | If property insured on fire and perils basis only (included automatically for Optima Business Plus) |
| Specified all risks | Cover for items away from premises |
| Personal accident | Cover per unit of £5,000 death and permanent injury, £50 per week for up to two years for temporary disablement. Maximum ten units. (Not currently available on Optima Business Plus) |
| Legal expenses | |
Excesses
| Standard Excess | Optima Business & Optima Business Plus |
|---|---|
| Property damage | £250 |
| Subsidence | £1,000 |
| Public liability | £250 (Third party property damage) |
Benefits
Policy benefits
| Cover | Optima Business & Optima Business Plus |
|---|---|
| Business interruption automatically includes denial of access, public utilities, closure of premises due to vermin, pests, defective drains and defective sanitation and suppliers extension up to £25,000 limit | |
| Interest free instalments on premiums in excess of £1,000 excluding IPT | |
| Index linked buildings and contents sums insured | |
| 24 hour legal helpline on tax and employment matters | |
| 24 hour replacement glazing | |
| 24 hour property repair helpline | |
Risk appetite
Our target trades
| Trade | Optima Business & Optima Business Plus |
|---|---|
| Manufacturing | |
| Warehousing | |
| Distribution | |
| Builders merchants | |
| Social clubs | |
| Sports clubs, health clubs and gyms | |
Unacceptable / non-target business
| Optima Business & Optima Business Plus | |
|---|---|
| Class of insurance |
|
| Market sectors |
(Please note: cover for farms, care homes and motor trade risks is only available through schemes and bespoke facilities) |
| Trades and occupations |
|
Literature
Optima Business
- Optima Business proposal form (PDF, 64Kb) - This link opens in a new browser window
Reference: None
Published: 20 July 2006 - Optima Business policy wording (PDF, 4.2Mb) - This link opens in a new browser window
Reference: None
Published: 18 October 2010 - Optima Business policy summary (PDF, 157Kb) - This link opens in a new browser window
Reference: None
Published: 03 February 2012
Optima Business Plus
- Optima Business Plus policy wording (PDF, 1Kb) - This link opens in a new browser window
Reference: None
Published: 01 December 2011 - Optima Business Plus policy summary (PDF, 68Kb) - This link opens in a new browser window
Reference: None
Published: 01 December 2011
