Insurance for SME Property Owners
Flexible property protection for growing businesses
The ambitions of small to medium enterprises (SMEs) are often no less lofty than those of larger, older or more established companies. At Travelers, we believe that SMEs deserve the same comprehensive cover and outstanding service that bigger enterprises enjoy. But, when it comes to property owners’ insurance, smaller businesses’ needs can vary widely. And convenience is key. That’s why Travelers’ insurance for SME property owners is completely scalable – and always available to eTrade.
Scalability allows smaller businesses to get just the cover they need today – and to stay with Travelers as their operations grow. Unlike many other insurers, we can move an SME policy to our mid-market team should the risk outgrow our SME coverage.
eTrade offers unparalleled speed and convenience while still providing the full support of expert, specialist underwriters.
For businesses who don’t place limits on their own ambitions, Travelers is here to provide the protection they need, both today and wherever their growth takes them.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
- Offices
- Retail
- Surgeries
- Leisure, e.g., museums and cinemas
- Light to medium industrial risks
- Warehousing risks
- Business parks and industrial parks
- Garages and/or motor trade
We’ll consider
We may need more information to confirm a fit.
- Mixed residential and commercial portfolios
- Short-term unoccupied, as part of larger portfolios
We do not cover
Sorry, we’re currently unable to insure the following.
- Long term unoccupied premises (we can consider short term occupancy between tenants)
- Property developers
- Residential risks in isolation (we can consider mixed portfolios)
- Chemical and heavy manufacturing risks
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks thanks to a detailed and bespoke underwriting process.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- Rehabilitation. Aid injured employees return to work with Travelers Proactive Rehabilitation Support.
- eTrade Product – Acturis. Product is available to eTrade on Acturis.
Advantage spotlight
You’ll be keen to know about the following.
As businesses evolve, so do their risks. Travelers’ SME property owners insurance is designed for businesses with up to 20 properties, but it can be tailored to any size within those limits, or moved to a non-eTrade or mid-market policy if the risk or property portfolio grows. Our SME property owners’ policies protect a wide variety of uses with flexible cover and comprehensive policy wording, and they are available to quote and bind with all the speed and convenience of eTrade.
SME property owners
We’re big on SME
We’ve brought our specialist mid-market expertise to the SME space. Delivering the same comprehensive cover and outstanding service you’ve come to expect from us, it’s designed to suit the needs of smaller businesses.
With both the capacity and the product suite to partner with SMEs for the long-term, we can offer support from humble beginnings to bigger things.
And because we’re all about insuring ambition, you’ll always be confident that the growth mindset of you and your clients will be fully matched by our own.
With our unrivalled financial strength and AA rating, you’ll also find that we’re able to consider greater risks than many other insurers, in relation to both breadth of trades and number of properties.
SME property owners covers & highlights
-
Key features
- Cover is suitable for businesses with up to 20 locations
- Option to quote for residential and commercial risks, including some temporary unoccupancy, to allow for tenancy changes
- High levels of cover as standard
- Comprehensive risk consultancy proposition for larger and more complex risks
-
Property
-
Buildings and contents
- Up to £5 million sum insured per location
- Contents up to £250,000
-
-
Property owners’ liability
- Up to £10 million
-
Optional covers
-
Employers’ liability
- Up to £10 million
-
Terrorism
- UK only
-
-
Standard covers
-
Rent
- 100% uplift as standard
-
Capital additions
- 15% or £250,000
-
Loss of metered water, gas, oil and electricity
- £10,000 any one event or £25,000 any one period of insurance
-
Keys
- £1,500 any one event or £5,000 any one period of insurance
-
Outdoor trees, shrubs, plants and landscaping
- £250 any one item, subject to a maximum of £10,000 any one period of insurance
-
-
Standard covers
-
Inadvertent omission to insure
- £250,000 in any one period of insurance
-
Trace and access
- £5,000 any one event or £25,000 any one period of insurance
-
Clearance of drains
- £10,000 any one event
-
Unauthorised use of electricity, gas, oil or water
- £5,000 any one event or £10,000 any one period of insurance
-
Fly-tipping
- £1,500 any one event or £3,000 any one period of insurance
-
Legal expenses for the eviction of squatters
- £5,000 in any one period of insurance
-
Removal of wasp, bee and hornet nests
- £1,000 any one event
-
Removal of vermin
- £1,000 any one event
-
Prevention of access
- 25% of the rent sum insured, subject to a maximum of £100,000 any one event
- Three-month maximum indemnity period
-
Public utilities, electric, gas, telecommunications and water
- 25% of the rent sum insured, subject to a maximum of £100,000 any one event
- Three-month maximum indemnity period
-
Managing agent’s or named insured’s premises
- 25% of the rent sum insured, subject to a maximum of £25,000 any one event
- Three-month maximum indemnity period
-
Add-ons & extensions
These items may be available to add on to your policy
Legal expenses
If and when a company must defend a claim, legal expenses cover can help protect a business and its employees during everyday legal disputes, providing support, advice and cover against legal costs. For SME property owners’ insurance, legal expenses are covered up to £100,000.
Related products
Property
Protecting key physical assets is essential for creating a successful and sustainable business and is perhaps the most important protection that a company buys.
UK property owners
In addition to protecting property from fire and theft, storms, and floods, this specialist policy can also cover key exposures for property owners, including subsequent loss of rent and public and employers’ liability.
Property at Lloyd’s
Travelers Syndicate 5000 has the financial strength, capacity and expertise to underwrite some of the largest commercial and industrial buildings in the world.
SME office
By streamlining essential office policies into one easy-to-manage package, Travelers helps you cut back on labour-intensive paperwork.
Professional indemnity combined
Travelers’ professional indemnity (PI) combined product offers a comprehensive and convenient insurance solution, covering PI, property, liability and cyber fundamentals, with an option to include legal expenses.
SME cyber
Whatever the size of a business, cyber security is vital. Our services, covers and expertise can mitigate cyber attacks and help prevent them.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
For brokers
Ready to chat?
Let’s work together to build the right cover for your client.
Available to eTrade
Log in to Acturis to eTrade this product.
Have a new business idea? Contact our Schemes team.
Have a case that isn’t possible to eTrade?
We also offer a non-eTrade solution with broader acceptance criteria, higher cover limits and a minimum premium of £2,500 (plus IPT). Contact our team of experts to discuss your needs.
Email us at SME@travelers.com or call us at +44 (0)800 587 8360 to explore non-eTrade options.
Insights & industry knowledge
Articles to help your ambition succeed
Small and Medium-Sized Enterprises (SME) Resources
Help SME Clients Take Control
If the past few years have taught businesses anything, it’s to plan for the unexpected.
Small and Medium-Sized Enterprises (SME) Resources
In Challenging Times, Give SME Clients a Life Raft
Even when times are good, cash flow is a struggle for small- to medium-size businesses (SMEs).
Small and Medium-Sized Enterprises (SME) Resources
Do Your Micro Business Clients Have the Right Insurance?
Micro businesses have unique insurance needs. They are widely diverse in the trades they represent and depend on a small number of people to manage the many daily challenges of running a business.
