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Price Forbes launches integrated Accordium London market insurance facility
The facility, backed by Brit and automated follow capacity, is designed for SME and mid-market firms with total insured values up to $1 billion, and it includes joint deductibles plus stock-loss business interruption cover.
Price Forbes, a specialist insurance and reinsurance broker, announced the launch of Accordium, an integrated London market facility that combines property, stock throughput and terrorism cover under a single policy.
The new facility targets SME and mid-market businesses with total insured values of up to $1 billion and will be available internationally across a range of sectors.
Accordium is led by Lloyd’s insurer Brit and supported by exclusive automated follow capacity, with the goal of improving placement efficiency while reducing the risk of duplication and coverage gaps that can arise from using multiple policies.
Price Forbes said Accordium also aims to provide greater post-loss financial certainty through a joint deductible structure and stock-loss driven business interruption coverage.