Mosaic launches combined general and environmental liability coverage form
Mosaic Insurance has released a combined environmental product merging primary commercial general liability with a suite of added pollution and professional coverages.
The firm’s new Site Pollution and General Liability form provides primary and excess (supported and unsupported) capabilities with $25 million in excess capacity and is available to retail and wholesale brokers.
The combined offering includes general liability, environmental liability and professional liability hazards in a single, worldwide coverage form that can be customised to fit an insured’s needs and risk appetite.
Mosaic global head of environmental liability Jim Finnamore said: “This builds towards our continuing goal to be the top, most trusted environmental carrier.”
A spokesman for the firm explained that SGL coverage aims to bridge gaps commonly found in traditional insurance placements, providing robust protection for a diverse range of risks across multiple sectors – including manufacturing, processing, product distribution and environmental consulting.
“The SGL form competes head-on with standard casualty placements and provides far more comprehensive coverage, while remaining financially competitive,” Mosaic said.
Built-in enhancements include worldwide coverage for products, pollution incidents arising out of an insured’s work and products, as well as non-owned locations and transportation.
Mosaic has environmental specialists in London and across the United States. Its suite of environmental policies covers a range of industries, including fixed-site, construction, and manufacturing sectors.
The company underwrites on behalf of close to 30 insurers worldwide, led by its Lloyd’s Syndicate 1609. As well as environmental liability, Mosaic’s speciality lines include political violence, transactional liability, cyber, political risk, financial institutions, and professional liability.
• For more on Mosaic’s launch of the combined general and environmental liability coverage form, see Related Media
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