The product is underwritten by an insurer and is intended for the construction industry, including high risk trades
Specialist construction underwriter INK Underwriting Agencies (INK) has launched a new Professional Indemnity insurance – reported in Insurance Daily.
Premiums range from GBP50, plus IPT pa for a GBP50,000 indemnity limit, with higher limits available upon request. Clients already holding INK liability policies will be able to avail the new insurance, which is designed as an add-on to pre-existing policies to bolster the client’s protection.
The product is underwritten by an insurer and is intended for the construction industry, including high risk trades. It will also be available to a number of brokers as an add-on for non INK clients.
The product will be available to businesses with turnover less than GBP1 million.
Keith Syrett, Insurance Director of INK has stated the firm’s delight at being able to offer a indemnity product permitting an increased number of businesses.