European Property Underwriting Limited (EPUL) is complementing its existing product range with a new placement solution especially designed for unorthodox property owner risks.
Called “Solutions,” the new package of covers is a combination of core material damage, loss of rent and liability, equipment breakdown, legal expenses, and cyber – with the latter three embedded at minimal additional cost. Meanwhile optional covers such as Pool Re or Lloyd’s terrorism are also available.
“Brokers with unusual property risks are finding it increasingly difficult to place these within their traditional markets,” noted Andrew Whittaker, managing director at the commercial property managing general agent (MGA).
“We have leveraged our property underwriting expertise to provide a placement solution for these more difficult risks, while the additional embedded covers will provide brokers with a client proposition that differentiates them from their competitors.”
The London-based MGA, which is part of Global Risk Partners, said capacity is provided by a panel of A-rated insurers covering risks located throughout the UK, Channel Islands, and the Isle of Man. Brokers can present risks and receive a quote either via email or EPUL’s online portal.
