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Canadian managing general agent ENCON Group recently introduced a new product to the market that brings clients’ insurance needs under one roof.
The new commercial property insurance product is intended to be “a complement to ENCON’s Commercial General Liability (CGL) risks and other business line placements, including errors and omissions, directors and officers, and construction contractors’ liability,” according to a release from the MGA.
“Our product is going to offer our clients the convenience of one-stop shopping for property and casualty, and also construction and environmental products,” said Brian Cane, ENCON senior vice president – construction. “We think that’s really important – brokers are extremely busy these days, so having the ability to buy in both the property and liability with ENCON is going to be a significant benefit to them.”
The product was also designed to align with the needs of existing policyholders, added Cane.
“We think it offers an attractive schedule of coverage extensions that are going to be quite important for several business classes that we write at ENCON,” he told Insurance Business. Contractors, manufacturers, suppliers, retailers, and wholesalers are a few of those businesses.
Claims management and financial capacity will be provided by Temple Insurance Company, an insurer with an A-rating from A.M. Best and S&P.
“We wanted to partner with an insurer that can offer financial strength, deep experience in the property space, and also someone that had excellent claims-handling. For these reasons, we chose to partner with Temple Insurance Company,” said Cane.
