Hamilton, Bermuda (May 9, 2024) — Mosaic Insurance is pleased to announce it has launched a suite of professional liability products for specialist engineers, offering US$15 million in targeted primary coverage for unique risks.
Mosaic’s professional liability team has a long track record of providing insurance solutions to the engineering sector across various industries and disciplines. The new form offers a dedicated product, with core coverage of professionalliability, 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, defense, 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.”
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
“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,” noted the team’s Danny Clack. “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.
Professional liability is one of seven lines of specialty business Mosaic underwrites. The firm also offers coverage for transactional liability, cyber, political risk, political violence, environmental liability, financial institutions and environmental liability.
About Mosaic
Mosaic is a next-generation global specialty insurer, founded by industry leaders Mitch Blaser and Mark Wheeler. We’re an underwriting company, distinguished by an exceptional team, agile technology, and a novel structure that combines Lloyd’s of London strength with a global distribution network.
Led by our new Syndicate 1609 coupled with wholly-owned capital management agencies in Bermuda, London, the US and Asia, Mosaic offers a powerful platform to meet the most complex risks for clients around the world. For more information, visit www.mosaicinsurance.com.
The information contained herein is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product or service. Any description set forth does not include all policy terms, conditions and exclusions. Bound insurance policies, rather than summaries thereof, govern. Not all insurance coverages, products or terms may be available. US risks may be placed in the surplus lines market; surplus lines insurers do not participate in US state guaranty funds and coverage may only be obtained through duly licensed surplus lines brokers. Contact Mosaic or your broker for additional details.
Source: Mosaic
Tags: liability, Mosaic, professional liability
