Ensurance UK Limited has reinforced its construction and engineering offering with the launch of a combined construction liability product.
Backed by Faraday Syndicate 435 at Lloyd’s, the new product covers environmental impairment and has £10 million limits for employers’ liability and public/products liability. It expands the MGA’s construction and engineering portfolio, which features contractors’ all risk, contractors’ plant and equipment, homebuild, contractors’ legal expenses, and engineering inspection and insurance products.
“Our goal is to provide a bespoke coverage capability to brokers for construction risk, making full use of the technical expertise we possess,” said Tim James, chief executive of the Lloyd’s coverholder. “In less than 18 months we’ve developed and brought a full suite of construction and engineering products to the UK market.
“I expect this rate of development to continue as we build on this expertise in the construction market and others in the near future.”
Launched by Australian-listed parent Ensurance Limited in 2016, Ensurance UK is seen by the former as a significant growth platform.
“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,” commented Roger Nash, employers and public liability head at Faraday.