Covéa Business Insurance
When choosing as a small or medium business owner between the options available for business insurance, it can be hard to make the right decision with all of the different options out there. However, with some help, things can get a little bit easier.
Who is Covéa?
Covéa is one of Europe’s largest mutual insurance companies. It has a range of specialities, including property, liability, and reinsurance businesses. As the name may have given away, it’s a French company with its headquarters based in the French capital, Paris. It partially owes its impressive size because it is the result of three French mutual insurance companies merging in 1999 to become the Covea known today.
In many respects, this is Europe’s foremost insurance company. It currently has the number-one solvency ratio amongst Europe’s top 20 insurance groups, making it an exceptionally financially stable company, which is undoubtedly an essential value to look out for when picking an insurance company. This means that it has enough assets to cover potential liabilities in the future. Should seriously troubling events to arise, Covea will be better placed than most insurers to provide the service they were initially paid for.
What Difference does Covéa Make?
This is part of the reason that so many people across Europe continue to go to Covea to have their insurance sorted, and particularly their business insurance. Over 11 million policyholders are served by Covea, which has helped make them France’s number one provider of property and liability insurance. However, they also provide insurance and other countries such as the United Kingdom. These vast numbers help Covea generate billions of pounds in premiums, with estimates now putting the annual generation of premiums at close to £20 billion.
Now, the initial thing that you may want to think is, “why does it matter to me as a consumer how much a company generates?” And this isn’t an entirely unreasonable question. However, with a bit of further thought, it becomes clear that the company’s success can be an excellent indicator of how well it has provided its service to other consumers and, therefore, hopefully to you.
Now, this isn’t to say that every company of a smaller size can’t provide good service, but it’s just that there are essentially fewer reviews to back up the companies claim to high-quality services or fair prices. Especially in an industry such as insurance, where businesses and customers work together long-term, you can build up an idea of whether people return for the services they initially signed up for.
Suppose many people have returned or continued to pay for a particular service. In that case, you have a reasonably good idea that the company provides a service to its customers tend to be happy with. And, assuming that you are not wildly different from the average consumer, your needs will be catered to for the most part also.
Covéa is especially an insurer that should be considered if it is business insurance specifically that you are hoping to find a good deal on. Covéa’s stated purpose is to “help protect people against the worst happening and put it right if it does”. Anyone who’s worked in the business for a long time knows that you can’t stave off the worst forever.
Covéa: e-Trade insurance
Covéa proudly claims that its cover can be tailored and adjusted to meet various customer needs. The vast range of requirements that small and medium enterprises have makes conveyors flexible and modern commercial combined insurance a fantastic choice for those looking to get covered. While the e-Trade commercial combined insurance is relatively new, having only started in 2019, its launch has been overwhelmingly successful. It is a great option to consider if you have commercial insurance needs.
Some standouts of the combined insurance include cover for up to 10 locations and up to £100,000 of cyber cover.
There is no doubt that Convea insurance is one of the top contenders out there for those who are looking.
The fact that Covea has only been around in its current form for 22 years and yet stands at its size today should be encouraging for many people, sole traders, professionals, and small businesses who are considering looking at them for insurance options.
Find out more about the importance of insurance here.
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