Open GI has added a new property owners product from Covéa Insurance to its portfolio. The product is available through Open GI’s SME commercial lines platform as well as via imarket. It provides all risk cover for as many as ten commercial and residential properties under a single policy.

Main heads of cover include commercial buildings and contents, property owners liability, loss of rent and alternative residential accommodation.

Standard extensions include contract works, illegal cultivation of drugs, malicious damage by residential tenants, replacement of keys and resetting of digital locks, theft of fixed fabric of the buildings and unauthorised use of electricity, gas or water.

Nick Giddings, director of partner and distribution at Open GI, said: “Open GI and Covéa have been working together for nearly two decades and the launch of this new Property Owners product is the latest output of this strategic relationship.”

Keith Hector, commercial lines director at Covéa Insurance, added: “This launch is another example of how our SME experts proposition continues to evolve, shaped by what brokers tell us they need to trade effectively.

“Working in close partnership with Open GI, we’ve combined flexible, comprehensive cover with a simple digital trading experience, helping brokers place and manage property risks with confidence.”