Mosaic unveils $15m professional liability offering for engineers
Specialty insurer Mosaic Insurance has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks.
The new form is designed to offer a dedicated product with coverage of professional liability and 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. It targets specialists who provide engineering and consultancy services, design and build companies, project management, coordination and scheduling, programme management, or logistics services firms.
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.
Anna Jay, global head of professional liability at Mosaic said: “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.
“The product combines key coverage with market-leading underwriting and access to our best-in-class claims-management team.”
Danny Clack, deputy active underwriter, senior vice president and underwriter, professional liability at Mosaic, said: “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.”
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