Specialist insurer revamps policy wording

Specialist insurer revamps policy wording | Insurance Business

Specialist insurer revamps policy wording

Ansvar Insurance has kicked off its 12-month program to revitalise specialist insurance cover solutions with its new general public and products liability wording.

This will provide Ansvar’s specialist clients with additional and optional benefits to their current and future cover. Additional benefits include cover for many high-risk activities, automatic cover in respect to many government contracts, counselling risk automatically covered up to $1m, regardless of whether it is deemed professional or casual, write-back for injury to employees if workers comp policy doesn’t respond, and residents of aged care facility automatically included as insured.

Optional extensions will consist of sexual abuse cover up to $20m, replacement wages of stood down staff, medical malpractice, and retroactive claims made cover when required.

 “We have been through significant changes in the past eight months to ensure our clients receive the cover and benefits they need,” Ansvar’s general manager of underwriting Richard Wyatt said.