Fiducia MGA has expanded its risk appetite for Combined Liabilities insurance to include a range of contractor clients for UK brokers.

The Combined Liability policy provides a broad range of cover including employer’s liability, public liability and products liability.

Backed by A-rated capacity from a leading UK insurer, the expanded risk appetite allows Fiducia to provide cover for a range of contractors. These include builders, groundworkers, plant hirers, skip hirers as well as contractors for electrics, plumbing, heating and ventilation.

The expanded risk appetite follows strong performance of its Combined Liabilities and Commercial Combined cover aimed at hauliers, couriers and warehousekeepers.

Fiducia underwriter David Heeney said: “We have seen a high uptake of our Combined Liabilities product for broking partners serving clients involved in supply chain and logistics operations. So, it makes sense to broaden our horizons and to complement our core Engineering products (Contract Works and Contractors Plant).

“In addition, a significant draw is our continued ability to meet the needs of clients who are facing substantial rate increases despite having a low risk profile by underwriting and pricing on an individual risk basis.

“By expanding our risk appetite to cover a wider range of activities, we can support broking partners by ensuring they are equipped to provide competitive cover with market leading capacity and service levels.”

Fiducia can also offer a Commercial Combined policy for these contractor trades protecting clients against material damage, business interruption, business all risk and commercial legal protection. The policy is aimed at SMEs but can be considered for larger risks.

Fiducia CEO Gerry Sheehy said: “Like many business sectors, our contractor clients are faced with changing risks. We want to ensure our broking partners have access to the right underwriting support.

“As an MGA, extending our Combined Liabilities cover this way represents a positive expansion in what we can underwrite to support our broking partners and their clients.

“It also reinforces the ‘can do’ reputation we’ve built in our specialised insurance market and gives us the ability to offer a one stop solution for Combined Liability / Commercial Combined, Contract Works and Contractors Plant.

“We’re looking forward to working with our broking partners who have existing clients and business due for renewal in the trades we can now support or who are exploring new market opportunities.”