Mosaic offers professional liability products for engineers
Mosaic Insurance has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks.
With an underwriting team which includes former engineers, the Bermuda-based specialty insurer said it is uniquely equipped to offer tailored insurance solutions to the sector.
It said the new form offers a dedicated product, with core coverage of professional liability, plus enhancements such as pollution, public-relations costs, and mitigation. The suite caters to specialists serving a range of industries, including process, chemical, oil and gas, petrochemical, mining, nuclear, renewable energy, testing, defence, transportation, and environmental.
“Specialist engineers have long been a focus for our team, so we are delighted to launch a dedicated product tailored for these professionals and the unique risks they are exposed to,” said Anna Jay, Global Head of Professional Liability at Mosaic. “The product combines key coverage with market-leading underwriting and access to our best-in-class claims-management team.”
Team member Danny Clack added: “The experience of having worked in the field of engineering for a decade prior to underwriting insurance has enabled me to understand complex specialist exposures.
“Similarly, our entire team has built close client relationships to tailor coverage that truly meets this sector’s needs.”
The customized product suite underscores Mosaic’s well-established expertise, claims reputation, and underwriting leadership in the sector.
Highlights of the new suite include:
Coverage offered to clients on a global scale
Risks of all sizes considered, from multinationals to individuals working on a freelance project basis
Up to USD$15-million line available
Limits preferably deployed in primary lead position, but excess placements also considered
Targeting specialists who provide engineering and consultancy services, design and build companies, project management, co-ordination and scheduling, program management, or logistics services firms.
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