RSA Insurance, in partnership with Q Underwriting, a subsidiary of PIB Group, has launched a new comprehensive management liability product.
This management liability insurance covers directors, officers, and companies against risks stemming from their decisions and actions on behalf of their organisations.
The new product provides management protection, including directors and officers (D&O) insurance, corporate liability, employment practice liability, and employee crime coverage.
RSA explained that it also offers bespoke limits and enhanced cover, to meet the needs of private limited companies and limited liability partnerships. The target market includes care establishments, educational institutions, leisure and hospitality, haulage, transport, and motor trades.
The product will be available to PIB Group brokers, including Cobra Network members, through Q Underwriting via an RSA delegated authority arrangement. Q Underwriting plans to introduce a wholesale version of the product for its nationwide network of partner brokers in the future.
Steve Hedge, delegated director at RSA Insurance, commented on the launch, highlighting the new partnership.
“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 cover that brokers have confidence in and meets customers’ needs,” Hedge said.
Mike Hudson, managing director at Q Underwriting, also celebrated the launch as the firm helps bring the new management liability product to market for PIB and Cobra Network brokers.
“We went through a thorough and robust tender process and have been really impressed and pleased with the collaborative approach between ourselves and RSA,” Hudson explained. “Onboarding, developing, and launching a new product can be challenging with new partners, but RSA have handled this seamlessly and have understood what we wanted to achieve. We now have a high-quality tailored product, competitively priced, while providing wide cover - thereby giving our customers the good outcomes we seek, and they expect us to deliver.”
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