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Arch offers new liability product via online platform

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Arch Insurance has launched a management liability product that is available for SMEs through its CoverHub online platform.

ML+ offers options for private and unlisted public companies, sole traders, partnerships and not-for-profit organisations, with liability covers including directors’ and officers’, company, employment practices, statutory and crime protection.

Aggregate limits range from $1-10 million, with the product available through CoverHub for Australian and New Zealand SMEs with an annual turnover below $25 million. Companies with a larger turnover can be quoted via referral to an underwriter.

Underwriting Manager – Executive Assurance Paula Ritchie says the product provides protection that can be tailored to the insured’s specific needs.

“Private and unlisted public companies face the same corporate and statutory risks as larger public companies yet can struggle to meet the costs associated with investigations and legal actions,” she said.