New Combined Liability Product for over 500 Trades
Specialty MGA Fiducia Underwriting has announced the launch of a new combined liability policy that will give over 500 trades access to a broad range of cover.
The decision to launch the product comes following the success of the underwriter’s combined liability offering for the haulage and warehouse keeper sectors last year.
The launch is also in response to the demands from regional brokers which have been keen to look for options as existing liability underwriters look to hike rates, apply large minimum premiums or withdraw from the liability market.
The combined product is aimed at a wide range of trades from Air Conditioning Engineers, Builders (including working at height), Electrical Engineers, Mechanical Engineers, Metal Fabricators, Plant Hirers, Precision Engineers, Skip Hirers, Ventilation Contractors to Window Cleaners. We now have the capability to write some 500 trades.
The policy is aimed specifically at the SME market but we are happy to look at larger risks. Cover can be provided for their Employers’ liability, Public liability and Products liability where required.
We have worked hard with our capacity providers to create a cover that ticks the boxes that our brokers and more importantly their clients were requesting. The product is very competitively priced, which recognises the current issues the clients have in terms of the business environment. It comes with the assurance of A rated security and also our usual excellent market leading service in terms of quote response time and documentation issuing.
We are also keen to explore any scheme opportunities. Unlike some Insurers we do not insist on a minimum level of support so if the current Insurers are not looking to renew or are insisting on substantial growth for the scheme to remain in force then contact us. Alternatively, brokers may have a number of existing clients all in a similar trade and would like to explore a new scheme targeting such trades. We are keen to work with brokers and our message is that if you have a risk or an idea for a scheme please get in touch and give us the chance to help you and your clients.