Public & Products Liability

The Insurer

Lloyd’s
Berkley Insurance Company

Wording

Broadform public and products liability wording with amendments as agreed including Incidental Professional Indemnity.

Capacity

$50,000,000


Target Occupations

      • Manufacturing
      • Contracting/Construction
      • Mining
      • Hotels and Clubs
      • Shopping Centres
      • Stockfeed
      • US Exports
      • Labour Hire
      • And more

 

Claims Settlement

Primary claims settling authority with Epsilon.

Business Liability

The Product

Business Liability policy is designed to offer combined Public & Products / Financial Loss (PI) in one package.

Product Details

Territorial Limits Worldwide
   
Capacity Public & Products: $50,000,000 (Occurrence)
  Financial Loss (PI): $20,000,000 (Claims Made)
   
Commission 15% of premium
   
Target Occupations Manufacturing
  Construction
  Contractors
  Engineers
  Design & Construct
  Nursing Homes & Aged Care
  Security Contractors
   
Security Certain underwriters at Lloyd’s
  Berkley Insurance Company

 

Key Features

  1. This product is designed to cover an Insured’s liability exposures whether they be occupational or professional.

  2. Coverage would apply for both indemnity and legal costs for any actions made against the Insured in respect to bodily injury property damage and or financial loss (subject otherwise to the Policy terms and conditions).

  3. The Financial loss section is not limited to breach of professional duty.

  4. The intention of the policy is to target clients with Public and Products liability exposures greater than an office risk. Unlike competing combined products which are commonly PI driven.

  5. In terms of Professional cover there is no Bodily Injury/ Property Damage Exclusion.

  6. One Underwriter / One Policy. No coverage dispute between underwriters.
Asbestos Removal Liability

Product Wording

Broadform liability wording with endorsements as agreed including occurrence based trigger.

Territorial Limits

Worldwide

Capacity

$10,000,000 - Including defense costs
(in the aggregate) Higher Limits can be considered by application

Claims Settlement:

Claims settling authority with Epsilon.

Security

Certain underwriters at Lloyd’s

  • Stand alone contracts or annual covers for contractors who, as part of their work, engage in asbestos removal/abatement. The policy would cover only the asbestos removal work however a separate policy shall be offered in respect to all other operations of the Insured.
  • Vicarious liability for principals or contractors who sub-contract asbestos removal/abatement work.
Contractors Pollution
Liability

Product Wording

Broadfrom liability wording with endorsements as agreed including claims occurring trigger.

Territorial Limits

Worldwide

Capacity

$10,000,000 - Including defense costs
(in the aggregate) Higher Limits can be considered by application

Claims Settlement

Claims settling authority with Epsilon. All policies subject to Australian jurisdiction so in the event of a dispute the matter would be heard before an Australian court

Security

Certain underwriters at Lloyd’s

Key Features

  • Designed to cover the Insured’s pollution exposures arising from the performance of covered operations
  • Policy coverage in respect to third-party bodily injury and property damage arising from pollution
  • Vicarious liability for principals who sub-contract pollution work
  • Includes legal defense costs
  • Policy covers both sudden and gradual pollution
  • Cover includes clean-up costs

Target Occupations

  • Abatement Contractors
  • Site Remediation/Clean-up Contractors
  • Maintenance Contractors
  • Environmental Contractors
  • Civil Contractors
  • Drilling Contractors
  • Pipeline/Tank Maintenance Contractors
  • Garbage Contractors
  • Waste Management/Collection/Disposal

*Asbestos Removal available under separate policy

Site Pollution Insurance

The Insurer

Lloyd’s

Product Wording

Broadfrom first and third party wording with endorsements as agreed including claims occurring trigger (both Sections).

Capacity

$10,000,000 - Including defense costs (in the aggregate) Higher Limits can be considered by application

Commission

10% of premium

Service

Quotes within 48 hours upon receipt of all underwriting information. Policy issue within 2 weeks of binding.

Claims Settlement

All policies subject to Australian jurisdiction so in the event of a dispute the matter would be heard before an Australian court.

Key Features

  • Designed to cover the Insured’s pollution exposures arising from specified sites.
  • Includes legal defense costs.
  • Policy covers both sudden and gradual pollution.
  • First party cover in respect to clean up costs, loss mitigation exposure and business Interruption.
  • Third party cover in respect to Personal Injury, Property Damage, and Clean-up costs.

Target Occupations

  • Manufacture
  • Storage
  • Waste Sites
  • Underground Tanks

Product Contamination
& Recall Insurance

The Insurer

Lloyd’s

Product Wording

Broadform wording covering product contamination/ recall, malicious product tampering and product extortion.

Capacity

$5,000,000.00 – including defense costs (In the aggregate) Higher Limits can be considered by application

Commission

10%

Service

Quotes within 48 hours upon receipt of all underwriting information. Policy issue within 2 weeks of binding.

Claims Management

24 hour Crisis Line to assist the Insured following on Insured event.

Key Features

Cover includes the following expenses arising from an Insured Event:

  • Crisis Consultants Costs
  • Pre-incident Consultant Costs
  • Business Interruption
  • Destruction Costs
  • Insured Product Extortion Costs
  • Pre-Recall Expenses
  • Recall Expenses
  • Redistribution Costs
  • Rehabilitation Expenses
  • Replacement Costs

Target Industries

  • Food and Drink
  • White goods
  • Retail consumables
  • Non-Industrial products