The Research Department uses data from its Aequos database to analyse office packages, loan payment protection and high street travel insurance in its latest product review
Commercial package policies are available from most of the major insurers, with office policies among the most widely available.
These policies have many more features and benefits than personal lines policies, so we have limited our analysis to some of the major covers.
Important features of these policies include cover for the office contents, accidental damage (AD) cover for office business machines, business interruption, glass, money and legal expenses.
The Allianz Cornhill Complete Office policy leads the field, along with NIG's Office policy. Those from the other leading insurers form a pack that is some way behind. Key features of the Allianz policy include:
High street travel insurance
Those people currently booking their summer holidays will almost certainly be offered travel insurance by their travel agent. Lower premiums can be found just by walking into almost any bank down the high street, but how does the cover on offer compare?
There are usually only a few key considerations for most travellers when buying travel insurance, other than price. These are medical expenses, cancellation cover, baggage cover and personal liability (a must for visits to the US).
Most high street travel insurance policies offer a good package of the standard covers, with Lloyds TSB edging very slightly ahead of its rivals. Key features of the policy include:
Personal loan repayment Protection
With summer approaching many people will be taking out personal loans to pay for home or garden improvements, or maybe a new car. A good proportion of borrowers will opt to protect their repayments against sickness or unemployment. But how does the cover from some of the major lenders compare? Key features of the better policies in this market include "back to day one" cover for both accident and sickness (AS) claims and unemployment (U) claims, benefits accruing on a daily, rather than monthly basis, and short excess periods before claims become payable.
The policy from Yorkshire Bank (underwritten by London & Edinburgh) is the market leader, followed very closely by Lloyds TSB. Key benefits of the Yorkshire Bank cover include: