Vero launches expanded specialty product range to enhance broker experience
Vero is thrilled to announce the launch of Vero Specialty Lines, a suite of niche products designed to equip brokers with specialised risk solutions for their clients. This expansion underscores Vero's dedication to enhancing the broker experience by providing comprehensive and tailored offerings.
Meeting complex client needs
Vero Specialty Lines will consist of a suite of products aimed at addressing the specific and complex needs of brokers' clients. Backed by a skilled team of dedicated underwriters, this new range promises support across a broad spectrum of commercial risks. By FY28, Vero plans to offer circa ten distinct products under the Vero Specialty Lines banner. Hear from Michael Miller, Vero’s Chief Executive Officer, Commercial & Personal Injury Insurance, and Haydn Greentree, Executive Manager Vero Specialty Lines, who highlight the company's commitment to evolving its service offerings.
Key Offerings
The initial launch within the Specialty Lines suite will feature a refreshed Equipment Breakdown product, providing coverage for the repair or replacement costs for broken-down equipment at the insured's location. Enhancements include new-for-old coverage under specific conditions and an improved equipment upgrade provision, allowing businesses to resume operations with new equipment following a breakdown. This builds upon existing comprehensive offerings, which include no limitations for obsolescence, depreciation, or age, and is complemented by comprehensive business interruption and spoilage of stock coverage.
In 2025, Vero will further expand the Specialty Lines offering with updated Higher-Hazard Property and new Higher-Hazard Liability propositions. These will focus on well-risk managed higher-severity occupations with dedicated underwriting teams and enhanced risk management support.
Supporting Broker Success
Vero's initiative is driven by a desire to foster a true two-way partnership with brokers, ensuring they have the resources needed to support their clients. Brokers will benefit from extensive training, risk mitigation support, and product-specific enhancements, empowering them to find the best protection solutions for their clients.
Haydn Greentree, Executive Manager Vero Specialty Lines, remarks, "Vero understands that complex businesses require an array of specialised solutions, which is why we are launching Vero Specialty Lines to ensure brokers have the tools they require to meet more of their clients’ needs."
This launch is not just about expanding Vero's product offerings; it also represents an opportunity to grow its team and bring in new talent, further enhancing the company's capabilities and expertise.
Engage with Vero
For more information about how Vero Specialty Lines can support your brokerage and clients, contact our team today to explore the opportunities available with Vero Specialty Lines.
This initiative reinforces Vero’s commitment to deliver unparalleled service and expertise for its brokers and their clients.
Disclaimer:
Insurance issued by AAI Limited ABN 48 005 297 807 trading as Vero Insurance. Limits, conditions, exclusions apply.
