Mosaic Insurance coverage has launched a mixed environmental product that merges major business basic legal responsibility with a collection of added air pollution {and professional} coverages.
The corporate’s new Website Air pollution & Basic Legal responsibility (SGL) type supplies major and extra (supported and unsupported) capabilities with $25 million in extra capability and is accessible to retail and wholesale brokers.
The mixed providing contains basic legal responsibility, environmental legal responsibility {and professional} legal responsibility hazards in a single, worldwide protection type that may be custom-made to suit an insured’s wants and threat urge for food.
SGL protection goals to bridge gaps generally present in conventional insurance coverage placements, offering strong safety for a various vary of dangers throughout a number of sectors—together with manufacturing, processing, product distribution and environmental consulting. The SGL type competes head-on with normal casualty placements and supplies much more complete protection, whereas remaining financially aggressive. Constructed-in enhancements embrace worldwide protection for merchandise, air pollution incidents arising out of an insured’s work and merchandise, in addition to non-owned places and transportation.
“This builds in direction of our persevering with purpose to be the highest, most trusted environmental provider,” stated Jim Finnamore, world head of Environmental Legal responsibility at Mosaic.
“These options comprehensively cowl premises, operational, product, air pollution {and professional} exposures,” famous Karen Reilly, Mosaic’s head of US, Environmental Legal responsibility.
Mosaic has some 20 environmental specialists in London and throughout the US. Its suite of environmental insurance policies covers a spread of industries, together with fixed-site, building, and manufacturing sectors.
The Bermuda-based firm underwrites on behalf of near 30 insurers worldwide, led by its Lloyd’s Syndicate 1609. In addition to environmental legal responsibility, Mosaic’s specialty traces embrace political violence, transactional legal responsibility, cyber, political threat, monetary establishments, {and professional} legal responsibility.
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