RSA Insurance and PIB Group-owned MGA Q Underwriting have partnered to launch a new management liability insurance offering.
The new product offers management protection, covering D&O, corporate liability, employment practice liability and employee crime.
It aims to protect directors, officers and their companies from risks stemming from their decisions and actions taken on behalf of the organisation.
The offering will be accessible to PIB Group brokers, including Cobra Network members, through an RSA-delegated authority arrangement that targets private limited companies and liability partnerships.
According to the firm the product will focus on care establishments, educational institutions, leisure and hospitality, haulage, transport, and motor trades.
Q Underwriting also announces the later introduction of a wholesale version for its nationwide network of partner brokers.
Steve Hedge, delegated director at RSA Insurance, says: “We have an ambitious customer service agenda, and developing and nurturing long-standing partnerships will help us achieve our objectives in this area.
“We’ve really enjoyed working with Q to launch a high-quality product that offers a breadth of coverage that brokers have confidence in and meets customers’ needs.”
Mike Hudson, managing director at Q Underwriting, remarks: “We’re really pleased to bring this new management liability product to market for our PIB and Cobra Network brokers and to start developing a product, together with RSA, for external broker partners.
“The bespoke product allows us to provide enhanced cover and limits, on a cost-effective basis, to both existing and new customers.”
