Mosaic Insurance Unveils Innovative Global Environmental Coverage Solution

Mosaic Insurance Unveils Innovative Global Environmental Coverage Solution

Mosaic Insurance, a leading global specialty insurer, has launched an innovative combined environmental product that addresses the growing need for comprehensive liability protection. This new offering, known as the Site Pollution & General Liability (SGL) form, integrates primary commercial general liability with pollution and professional coverage, catering to both retail and wholesale brokers.

Comprehensive Coverage with the SGL Form

The newly introduced SGL form is crafted to meet the market’s demand for robust liability solutions. It provides both primary and excess coverage options, offering up to $25 million in excess capacity. This policy is specifically designed to deliver:

  • General liability
  • Environmental liability
  • Professional liability

All of these come under a single, globally applicable coverage form, which can be customized to align with the specific needs of the insured.

Mosaic Insurance’s Expertise and Global Reach

Mosaic Insurance is renowned for its specialization in various lines of insurance across the globe. The company operates through its Lloyd’s Syndicate 1609 and collaborates with nearly 30 insurers worldwide, enabling it to provide a diverse range of products. These include:

  • Political violence
  • Transactional liability
  • Cyber insurance
  • Political risk
  • Financial institutions coverage
  • Professional liability

Bridging Gaps in Traditional Insurance

The SGL coverage is designed to fill the gaps that are often present in traditional insurance placements. It offers protection across various sectors, including:

  • Manufacturing
  • Processing
  • Product distribution
  • Environmental consulting

This ensures comprehensive protection against a wide array of environmental and operational risks.

Competitive Advantages of the SGL Policy

One of the standout features of the SGL policy is its competitive edge compared to standard casualty placements. Key benefits include:

  • Worldwide protection for products
  • Coverage for pollution incidents resulting from the insured’s operations
  • Protection for non-owned locations and transportation
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Expert Team and Commitment to Innovation

Mosaic’s team of 20 environmental specialists, located in London and the US, plays a crucial role in delivering tailored insurance solutions. Their environmental policies cover various industries, such as:

  • Fixed-site operations
  • Construction
  • Manufacturing

These offerings are continuously evolving to address emerging risks within the sector. Jim Finnamore, Global Head of Environmental Liability at Mosaic Insurance, stated, “This builds towards our continuing goal to be the top, most trusted environmental carrier.”

Karen Reilly, Head of US Environmental Liability, emphasized that “Our market-leading underwriting and claims teams are ready to provide the most comprehensive and creative solutions for our broker partners and clients.”

Looking Ahead

Rob Stedman, Senior Vice President of Environmental Liability overseeing the SGL product, expressed excitement about this new chapter in expanding Mosaic’s environmental liability offerings. The SGL form reflects Mosaic Insurance’s commitment to providing innovative solutions that meet the evolving needs of their clients.

For more information on Mosaic Insurance and its offerings, visit their official website.

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