Cover Provided for Environmental Not-for-Profit Organisation with Specific Technical Requirements
26th Janaury 2023
COVER PROVIDED FOR ENVIRONMENTAL NOT-FOR-PROFIT ORGANISATION WITH SPECIFIC TECHNICAL REQUIREMENTS
Our broker presented us with a case for a Not-for-Profit organisation that aims to raise awareness of climate change and develop sustainable energy solutions, through research and innovation, to be used by third party projects in the UK and Global South. The services offered include training and advice, as well as the design, construction, and testing of prototype goods. The specialist broker had held this client for many years but had concerns that the holding insurer did not completely comprehend the extent of the operations carried out. They were concerned about the current level of coverage.
Issue and Exposure
The specialist broker had technical queries revolving around professional indemnity and products liability cover that relate to the design and production of prototypes, as well as the provision of advice to third party projects. Additionally, there were in-depth discussions regarding the contractual agreements being entered into with third parties who would be involved in delivering these projects overseas.
At Q, our underwriters know the importance of creating an open relationship with our brokers by prioritising communication to fully understand the complexities and intricacies of each case. We were able to provide the appropriate level of professional indemnity and products liability cover suitable for the design and production of the prototypes, as well as the provision of advice to third party projects in developing countries overseas. As a result, Q Underwriting successfully secured the case, leaving both our broker and their client happy.
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