Miller has launched a new product for the UK construction sector, known as D&O Construct, designed exclusively with DUAL.
Miller said that it partnered with DUAL to create a product that offers companies broader directors and officers coverage and plugs the gaps in the standard coverage being offered. This is amidst mounting regulatory pressures in the UK construction sector.
D&O Construct offers nil deductibles throughout the policy, which, according to Miller, ensures that companies are not financially impacted when faced with covered claims that can amount to substantial legal and defence costs. The product also provides coverage for claims arising out of company insolvency, corporate manslaughter claims and environmental claims.
The directors and officers liability product is applicable to various occupations across the construction sector, including architects, developers, building contractors and surveyors.
“As the UK construction sector continues to face increasing regulatory and legal pressures, I’m delighted to announce the launch of this new product which plugs the gaps left by the market’s more standard coverage,” said Scott Taylor, Miller’s head of financial institutions and D&O (international). “Led by our dedicated and growing D&O team, this offering further highlights Miller’s commitment to providing specialised, tailored insurance policies and working in partnership with like-minded underwriters to provide the best solution for our clients.”
Source: Insurance Business UK