The provider announced yesterday that it will offer three year fixed price insurance to customers as it seeks to increase loyalty and arrest profit downturn.
The commercial property MGA said the package of covers includes liabilities involved with irregular construction or unusual occupations.
Policies are aimed at UK companies with a turnover of up to £350m.
MGA says policy can offer over 500 trades, including builders and engineers, access to a wide range of covers.
ABI director general Huw Evans says Mactavish has “fundamentally misinterpreted” how cyber products are provided, after the insurance governance expert called on the industry for a guarantee that eight particular policy flaws won’t be used as reasons for…
Product will include business interruption and privacy related exposures that have resulted from a cyber attack.
The insurer has updated the policy to include standard cyber cover and cyber-crime and cyber online liability as additional covers.
The provider claimed that SmartQuote uses big data to find home insurance quotes in as little as one question if the broker knows the client.
The insurance governance expert has called on brokers and insurers for a guarantee that eight particular policy flaws won’t be used as reasons for claims refusals after scaremongering row.
Insurer simplifies cyber policies and gives large organisations access to its in-house breach response team.
Policies cover risks including environmental and natural resource damage and is available to SMEs and contractors.
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Provider claims first to go live on the Acturis e-trading platform with stand-alone construction products available to brokers.
Move follows Pool Re’s extension of its cover to include non-damage business interruption.
The policy is now accessible for brokers on the Powerplace and Mobius platforms.
Product is backed by Munich Re and designed for businesses of all sizes.
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Updated: It has been added to a number of lines following reports about companies increasing the level of stock-piling to prepare for the UK leaving the EU.
The provider said the offering has been designed to help brokers compete with direct writers with quote and bind taking less than two minutes.
The proposition is available to brokers via Sybaris Legal & IP and backed by insurer Acasta Europe.
Brokerbility’s Ashwin Mistry considers how the recent row about the quality of cyber products could be interpreted by customers.
The legal expenses provider, which is linked to Eldon Insurance's Arron Banks, stated that new capacity would come on board “shortly”.
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