Markets/Coverages News

Chubb’s Launches Business Pack Insurance for Australian SMEs

Chubb has launched a package insurance solution called Chubb Business Pack Insurance for small and medium enterprises in Australia. This solution aims to provide broad coverage for property and liability exposures to help protect business owners from a range of …

New Online Tool From Travelers Helps Contractors Spot Vibration Damage Potential

Travelers has introduced a new online tool, ZoneCheck, to help contractors identify areas surrounding a jobsite that could be affected by vibrations from heavy equipment – a common cause of construction-related damage and project delays. ZoneCheck delivers a customized report …

Prospect General, Fortegra Launch Tenant Legal Liability Program

Prospect General Insurance Agency has partnered with Fortegra Financial Corporation, a Tiptree Financial, Inc. company to offer an admitted tenant legal liability program that allows landlords to protect properties from tenant caused damage. The program targets apartment buildings with five …

XL Catlin Adds EPLI, Cyber Coverage for Design Professionals in Canada

XL Catlin has added two optional coverages to its professional liability insurance for architects, engineers and other design businesses in Canada: employment practices liability (EPL) Insurance and cyber insurance coverage. The optional EPL coverage is designed to help architects, engineers …

Markel Enhances Professional Liability Coverage for Hard-to-Place Law Firms

Markel Corporation has enhanced its policy form and protections for hard-to-insure law firms which can no longer secure coverage in the admitted markets. This coverage is available on an excess and surplus (E&S) lines basis using a claims-made policy form. …

Berkley to Offer Per Project Primary Limits for Design Firms

Berkley Design Professional (Berkley DP), a division of Berkley Alliance Managers, a Berkley Company, has enhanced its coverage for the architects & engineers professional liability segment with a new “Per Project Primary Limits” coverage for design firm customers. This new …

New Construction Coverage From Liberty Mutual, Ironshore Targets Integrated Projects

Liberty Mutual and Ironshore’s dedicated construction practices have introduced an Integrated Primary Wrap Up/Project Specific program offering general liability (GL) and professional liability (PL) protection for medium and large construction projects developed through design-build or integrated project delivery (IPD). Workers’ …

SIS Wholesale Insurance Services Launches Online Inland Marine Program

Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, has launched a new online inland marine contractors’ equipment program. The program includes coverage for miscellaneous tools and equipment; scheduled light, medium, and heavy …

Prospect General Expands Admitted Residential Flood Program into Utah

Prospect General Insurance Agency has expanded Flood Guard, an admitted residential flood insurance product, into Utah. Flood Guard is an alternative to the National Flood Insurance Program (NFIP). Through its rating algorithm and online platform, Flood Guard offers affordable coverage …

HDI Launches Cyber Coverage for Manufacturing Companies

International insurer HDI Global Insurance Company (HDI) has introduced a new cyber product, Cyber+ Smart, designed to support the manufacturing sector. Cyber+ Smart is designed for U.S. enterprises with annual revenues of up to $350 million. Coverage is provided on …