Specialist managing general agent (MGA), Fiducia, has strategically enhanced its risk appetite for combined liabilities insurance, extending its coverage to encompass a wider spectrum of contractor trades for UK brokers. Based in Leeds, this MGA is now offering comprehensive cover for a variety of contractors, including builders, groundworkers, plant and skip hirers, as well as specialists in electrics, plumbing, heating, and ventilation.
Their combined liability policy features employer’s liability, public liability, and products liability, all underpinned by A-rated capacity from a prominent UK insurer. This move comes in the wake of continued success in their combined liabilities and commercial combined lines, with notable growth among clients in the haulage, courier, and warehousing sectors.
“We have observed a significant uptake in our combined liabilities product among broking partners who cater to clients involved in supply chain and logistics operations,” said David Heeney, an underwriter at Fiducia. “It was a logical step to broaden our scope and complement our core engineering products.”
Heeney emphasized that their focus remains on individual risk-based underwriting, especially for clients who are experiencing rate hikes despite having low-risk profiles. “By expanding our risk appetite to include a broader range of activities, we are positioned to support our broking partners with competitive coverage, backed by market-leading capacity and service excellence,” he added.
For the contractor trades now included in the expanded appetite, Fiducia additionally provides a commercial combined policy covering material damage, business interruption, business all risk, and commercial legal protection. Although designed primarily for SMEs, this product may also be suitable for larger enterprises.
Fiducia’s CEO, Gerry Sheehy, stated that this expansion aligns with the evolving risk landscape for contractors and the necessity to assist brokers operating within this domain. “Extending our combined liabilities coverage signifies a positive expansion of our underwriting capabilities to support our broking partners and their clients,” Sheehy remarked. “It further solidifies our ‘can do’ reputation in our specialized market, offering a comprehensive solution across combined liability, commercial combined, contract works, and contractors plant.”
This product enhancement coincides with a series of recent appointments aimed at bolstering Fiducia’s underwriting team. In January, the firm welcomed Emma Harvey as an assistant underwriter to support both UK and European broker partners. Harvey brings with her eight years of industry experience from previous roles at Aon and Gauntlet Group.
Last year, Fiducia also appointed Mike Hall as senior development underwriter for its marine cargo, freight liability, and fine art and specie portfolios. With previous leadership in Zurich’s UK marine underwriting team, Hall now collaborates with brokers across the UK and Europe.
Fiducia offers coverage across various domains, including marine cargo, freight liability, engineering insurance and inspection, and terrorism risks. Their capacity is fully supported by Lloyd’s syndicates and leading insurance firms.
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