Price Forbes today announces the launch of Accordium, the first integrated London market facility to incorporate property, stock throughput and terrorism coverage within a single policy.
Available across a range of sectors internationally, Accordium will target SME and mid-market businesses with total insured values up to US$1 bn. The facility is led by Lloyd’s insurer Brit and supported by exclusive automated follow capacity.
Designed to meet growing broker and client demand for integrated all-risks cover in a single solution, Accordium greatly enhances placement efficiency while reducing duplication risk and coverage gaps common with multiple policies. With bespoke wordings, clients further benefit from tailored coverage and class-specific rates.
The facility also offers greater post-loss financial certainty through a joint deductible structure and stock-loss driven business interruption coverage. This maximises recovery and protects against stock-related income losses many traditional property programmes fail to address.
Ash Ganesan, deputy CEO of cargo at Price Forbes, said: “As a genuinely integrated solution, Accordium is incredibly efficient, yet its main objective is to eliminate the issues clients commonly encounter with multiple standalone programmes. Combining specialist property, cargo and terrorism expertise in partnership with Brit and select follow markets, Accordium delivers broader protection and enhanced certainty when clients need it most.”