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Line of business · Multi-peril
Multi-peril: cover packages your team builds without code
A well-designed multi-peril product combines dozens of covers, sums insured and deductibles into a single commercial product. Hermes gives you the workshop to build those packages — with a hierarchy of categories, modalities and combinations — and administers them across the whole cycle, from quote to claim.
What multi-peril products you can build
- HomeBuildings, contents, liability, water damage, theft, legal defence and assistance.
- Commercial & SMEDamage to premises and stock, business interruption, public liability and sector covers.
- IndustrialComplex property risks with high sums insured and bespoke guarantees.
- Communities of ownersCommon areas, liability, water damage and associated services.
How Hermes manages it
- Hierarchical product workshopCategories, modalities and combinations, with covers in a parent-child structure to reuse and version.
- Multi-product packagesCombine covers into commercial packages with included and optional guarantees per modality.
- Sums, deductibles & averageDefine limits, sub-limits and deductibles per cover and apply the proportional rule where relevant.
- Issuance & endorsementsQuote, issue and change sums or covers with automatic document generation.
- Multi-cover claimsOpening by affected cover, appraisal, reserves and payments with a BPM flow.
- Multichannel quotingSell via the network, your own landing or the API with the same product definition.
Why Hermes for Multi-peril
Real time-to-market
Launch or adjust a multi-peril in weeks, not in a vendor’s release cycle.
One product, all channels
The same configuration feeds network, web and partners via API.
Document consistency
Wordings and certificates are generated per product and phase, always aligned with the issued cover.
Frequently asked questions
- Can I have optional covers the client activates?
- Yes. Each modality defines included and optional covers, with their premium impact calculated by rules.
- Does it support the proportional rule and underinsurance?
- Yes, applicable per cover according to the configuration of sums and declared values.
- How are covers reused across products?
- Through the parent-child hierarchy of the product workshop, which lets you inherit and version covers.