Lloyd’s Faraday syndicate backs new construction offering by Ensurance
Ensurance, a construction and engineering managing general agency (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s.
The product has £10 million limits for employers’ liability and for public/products liability, and also caters for environmental impairment.
The new liability product extends Ensurance UK’s construction and engineering portfolio, which also includes contractors all risk, contractors plant and equipment, homebuild, contractors’ legal expenses and engineering inspection and insurance products.
“Our goal is to provide a bespoke coverage capability to brokers for construction risk, making full use of the technical expertise we possess,” said Ensurance UK CEO Tim James. “In less than 18 months we’ve developed and brought a full suite of construction and engineering products to the UK market. I expect this rate of development to continue as we build on this expertise in the construction market and others in the near future.”
Faraday’s employers and public liability head Roger Nash added: “Faraday have chosen to work with Tim James and his team because of their reputation within the construction market, disciplined underwriting and the roadmap they have laid out for the future.”
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