Ensurance UK Ltd., the niche construction and engineering managing general agent (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s.
The new liability product extends Ensurance UK’s construction and engineering portfolio, which also includes contractors all-risk, contractors plant and equipment, homebuild, contractors’ legal expenses and engineering inspection and insurance products.
The combined liability product has £10 million ($14.2 million) limits for employers liability and for public/products liability. The combined liability offering also caters for environmental impairment. In addition, Ensurance also provide a property and landowners’ liability product.
“Our goal is to provide a bespoke coverage capability to brokers for construction risk, making full use of the technical expertise we possess,” said Ensurance UK CEO Tim James.
“In less than 18 months we’ve developed and brought a full suite of construction and engineering products to the UK market,” he added. “I expect this rate of development to continue as we build on this expertise in the construction market and others in the near future.”
Faraday’s Employers and Public Liability Head Roger Nash commented: “Faraday have chosen to work with Tim James and his team because of their reputation within the construction market, disciplined underwriting and the roadmap they have laid out for the future.”
Ensurance UK was launched in 2016 by Australian-listed parent Ensurance Ltd., which view the UK operation as a significant growth platform for the wider international group.
Source: Ensurance UK
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