Burgesses new online policy
INSURANCE INTERNATIONAL - 1ST SEPTEMBER 2003
Burgesses has launched an online payment protection insurance package against the risk of business failure or unemployment.
Underwritten at Lloyd’s, it is available to all owner directors or partners of UK businesses and their employees, or the self-employed provided that they are aged between 18 and 65 and resident in the UK, irrespective of occupation or the particular industry in which they work.
Benefits of up to £2,500 per applicant per month are available for up to one or two years after only 30 days provided that the insured’s business ceased to trade due to circumstances beyond their control.
For example, this would certainly include component manufacturers affected by the Vauxhall factory closure at Luton; but also farmers who sustain incidents of foot and mouth disease and general manufactures who, due to the high value of the pound, cannot compete with cheap imports.
