Members will receive preferential terms through an online portal

The British Venture Capital Association (BVCA), the industry body and public policy advocate for the private equity and venture capital market in the UK, is to offer Lorega’s loss recovery insurance (LRI) to its members.

The move will enable BVCA members to buy Lorega’s home and business LRI products through its Advantage platform on preferential terms.

The policy will pay for an independent and FCA authorised loss adjuster in the event of a claim being made.

Lorega managing director Neill Johnstone said: “The recent storms have shown the considerable damage the UK’s weather can cause to both business premises and private properties.

“By providing the BVCA’s members with access to easy to buy loss recovery insurance we will now be on hand within 24 hours to help these very busy executives if they experience a property or business interruption claim.”