Europe + UK – SME / UK Commercial Division

There are many factors that can adversely impact a small-to-medium sized enterprise (SME) and mitigating the associated risk is critical to enable an organisation’s continued success. Allied World’s management liability package provides seamless coverage for Directors & Officers (D&O) liability, Corporate Legal Liability (CLL) and Employment Practices Liability (EPL) to give our clients the peace of mind to focus on running their business.

We recognise that SMEs need affordable and flexible insurance solutions – our policy allows our clients to purchase an entire package of coverages or combine only the products they require with the convenience of a single application and underwriter.

Key coverage

• Complete management liability package – separate products, with the ability to blend coverages as required
• Separate limits for each coverage available
• Offers protection for directors’ and officers’ personal assets
• Broad definition of Insured Person
• Policy extensions include Emergency Costs, Public Relation Costs, Manslaughter proceedings and Management buy-out costs

Target classes

UK-based private companies with up to £250M in turnover. A broad range of industry classes are considered, including but not limited to:

• Accountants
• Charities
• Insurance brokers
• Recruitment consultants
• Sports clubs
• Travel agents

Capacity

• Up to a maximum of £10M for D&O coverage with further capacity for CLL and EPL when purchased in conjunction with the D&O policy.

Simply innovative, the SME product suite provides support for small- and medium- sized businesses looking to maximise their insurance protection at an affordable price. With our 24-hour turnaround commitment, instant policy issuance and in-house claims team, Allied World works efficiently to find the best insurance solutions for each client. Our underwriters have over 30 years’ experience working in the London and UK market and also specialise in schemes or facility placement.

This product gives our clients the peace of mind to focus on running their business. With a suite of bespoke insurance solutions written by insurance and legal specialists, it provides a broad range of business types with comprehensive Professional Indemnity (PI) and Directors and Officers (D&O) coverage.

Target markets

• Allied World is unique in that we approach Small and Medium Enterprises (SME) as ‘Small and Medium Exposures’
• Maximum market capitilisation on listed companies: £100M
• Primary or Excess layers
• UK-based private companies with up to £250M in turnover

Limits

• PI Products: £5M maximum
• D&O Products: £10M maximum
• Blended D&O and PI: £5M maximum
• Excess Layers: Competitive excess layer prices, up to maximums noted above

Allied World’s UK Commercial Division has been formed to provide commercial products to a wide range of UK businesses. The division provides one solution for all of your client’s insurance needs, whether you are requesting coverage for a single product or a multitude of coverages. All with the convenience of a single point of contact for claims and underwriting, enabling a swift and accurate response to any queries that may arise.

The UK Commercial Division is comprised of a specialist team of underwriters and claims technicians who possess a wealth of industry experience and their commitment to delivering a first-class service has led to our reputation for excellent working relationships and professional standards.

Key coverage

Commercial Combined:

• Property – Material Damage (which can be extended to include Terrorism and Machinery Breakdown), Business Interruption, Goods In Transit, Specified Items All Risks, Money and Book Debts
• General Liability – Employers’ Liability, Public and Product Liability
• Medical Malpractice – Patient injury caused by any negligent act, error or omission in the rendering of or failure to render healthcare treatment
• Personal Accident – Personal Accident
• Professional Liability – Directors and Officers Liability, Corporate Legal Liability, Professional Indemnity and Employment Practices Liability
• Additional Coverages – Commercial Legal Protection and Cyber covers will be provided on all polices

Property Owners:

• Property – Material Damage (which can be extended to include Terrorism and Machinery Breakdown), Business Interruption and Specified Items All Risks
• General Liability – Employers’ Liability and Public Liability
• Professional Liability – Directors and Officers Liability, Corporate Legal Liability, Professional Indemnity and Employment Practices Liability
• Additional Coverages – Commercial Legal Protection and Cyber covers will be provided on all police

Contractors All Risks:

• Property – Material Damage (which can be extended to include Terrorism and Machinery Breakdown), Business Interruption, Goods In Transit, Specified Items All Risks, Money, Book Debts, Contract Works and Contract Plant
• General Liability – Employers’ Liability, Public and Product Liability
• Personal Accident – Personal Accident
• Professional Liability – Directors and Officers Liability, Corporate Legal Liability, Professional Indemnity and Employment Practices Liability
• Additional Coverages – Commercial Legal Protection and Cyber covers will be provided on all polices

Combined Liability:

• General Liability – Employers’ Liability, Public and Product Liability
• Personal Accident – Personal Accident
• Professional Liability – Directors and Officers Liability, Corporate Legal Liability, Professional Indemnity and Employment Practices Liability
• Additional Coverages – Commercial Legal Protection and Cyber covers will be provided on all polices