European Property Underwriting Limited (EPUL), a commercial property managing general agent (MGA), has launched a new suite of covers designed specifically to address the challenges brokers face when looking to place cover for unorthodox property owner risks, called Solutions.
The range of covers on offer through Solutions, specifically target risks with irregular construction or unusual occupations, with enquiries relating to industrial, retail, office, residential or unoccupied properties all welcome, says EPUL.
The package of covers available through Solutions, combines core material damage, loss of rent and liability, with equipment breakdown, legal expenses and cyber covers also embedded at minimal extra cost.
Furthermore, clients can enhance their offering with the addition of optional covers, including Pool Re or Lloyd’s of London terrorism, employers’ and environmental liability and loss recovery protection, as well as engineering inspection services.
EPUL explains that brokers can present risks and receive a quote through the firm’s online portal or through email, with the insurance then being able to be bound, which is followed by the generation of documents, all at the click of a button.
Managing Director of EPUL, Andrew Whittaker, said: “Brokers with unusual property risks are finding it increasingly difficult to place these within their traditional markets. We have leveraged our property underwriting expertise to provide a placement solution for these more difficult risks, whilst the additional embedded covers will provide brokers with a client proposition that differentiates them from their competitors.”
The capacity is being provided by a group of A rated insurance companies, covering risks located across the UK, Channel Islands, and the Isle of Man.
EPUL states that the launch of Solutions complements its existing product range, which targets the more traditional property investors market.