The company said that the new product will offer ‘tailor made’ policy forms for certain client segments within the firm’s Allied Healthcare (AHC), Architects & Engineers (A &E) and Miscellaneous Professional Liability (MPL) products.
Go deeper with GlobalData
It will also include common and simplified policy language across the three products and the ability to cross sell new coverages, including General Liability, to clients.
The new portfolio product will offer consultants, trustees and many other service professionals affordable insurance coverage for specific risks stemming from the services they provide.
Hiscox Professional Liability Portfolio will also offer: targeted, industry specific policy forms; wider base coverage; cross selling opportunities; and ‘Tailor-made’ policy to suit clients’ needs.
Commenting on the launch, Hiscox USA chief underwriting officer, Gary Head, said: "The service professions are a key market for Hiscox and we will continue to develop products that meet the needs of our brokers and their clients,"
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Our research suggests that clients are increasingly looking for a ‘tailor made’ policy to meet their unique needs. Hiscox Professional Liability Portfolio will allow our brokers to provide exactly that," Head added.
