Lloyd’s syndicate to offer communicable disease coverage
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London-based Medical & Commercial International Ltd. will offer communicable disease liability coverage starting Jan. 1, 2022.
The coverage, which is available to U.S. policyholders, will be underwritten by the company’s Lloyd’s of London syndicate and will offer $5 million in limits.
The policy covers liability arising from bodily injuries to the third parties due to a policyholder’s “negligence in causing or exacerbating a localized infectious disease outbreak,” according to an MCI statement.
The claims made coverage will be available to most commercial enterprises, including organizations in the health care, hospitality, childcare, higher education, retail and entertainment sectors, the statement said.
Syndicate 1902 is a so-called syndicate-in-a-box platform, which Lloyd’s launched in 2019 to simplify access to the market. It is managed by Asta Capital Ltd.
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