Iprism has launched a new Unoccupied Commercial and Residential Property Owners product to address an anticipated spike in unoccupied properties post-lockdown.
Managing director of the specialist commercial, property, tradesman and high net worth MGA, Ian Lloyd commented: “Many of our brokers have told us that they expect to see an increase in unoccupied commercial properties as a result of the economic disruption caused by Covid-19 and the extended periods of enforced lockdown. Iprism has designed this new product to support the needs of SMEs, addressing the exposures facing unoccupied properties, across a range of uses and timescales.”
The new product provides cover for a wide range of commercial properties from heavy industrial buildings to those of non-standard construction and a wide range of perils in addition to the standard fire, including lightning, explosion, earthquake and aircraft risks.
It will also offer protection to unoccupied properties undergoing alterations and renovations and is available on both short and longer term basis.
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