Mosaic offering primary professional liability coverage for engineers
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Specialist insurer Mosaic Insurance Holdings Ltd. Thursday said it will offer $15 million in targeted primary professional liability coverage for unique risks for specialist engineers.
The new form offers dedicated core professional liability coverage with enhancements such as pollution, public-relations costs, and mitigation.
The form is designed for specialists serving a range of industries, including process, chemical, oil and gas, petrochemical, mining, nuclear, renewable energy, testing, defense, transportation, and environmental; providing engineering and consultancy, design and build, project management, coordination and scheduling, program management, or logistics services, Mosaic said in a statement.
Risks of all sizes will be considered, from multinationals to individuals working on a freelance project basis, and coverage will be offered to clients worldwide.
Limits will be preferably deployed in primary lead position, but excess placements also will be considered, the statement said.
Hamilton, Bermuda-based Mosaic also offers coverage for transactional liability, cyber, political risk, political violence, environmental liability, financial institutions and environmental liability, its statement said.
