Speciality Insurance

At Spectrum Insurance Group we can also provide broking services with the following speciality insurance products:

Management Liability

Management Liability Insurance covers the exposures & risks in managing a business. Directors and officers face both personal & corporate liabilities in managing a company and can be held personally liable.

Association Liability

Association Liability Insurance is a combined policy specifically designed for associations and non- profit organisations. The policy provides protection to the individual office bearers and the association against wrongful acts in the management of the association, employment practices liability and fidelity.

Product Recall

Product recall insurance covers expenses associated with recalling a product from the market. Product recall insurance is typically purchased by manufacturers such as food and beverage, toy and electronics companies to cover costs such as customer notification, shipping costs and disposal costs.

IT Liability

IT Liability Insurance protects you and your business against legal liability occurring due to the failure of your IT products, services or advice. This type of policy responds well to the complex needs of the IT industry as it combines Professional Indemnity, Public Liability and Product Liability into one insurance solution.

Cyber Insurance

Cyber and privacy policies cover a business ‘liability for a data breach in which the firm’s customers’ personal information, such as personal sensitive information or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm’s electronic network.

Construction – Contract Works

Construction insurance is insurance protection that provides financial compensation for covered losses to a building or structure, as many mistakes, errors, and unforeseen events can lead to damages and losses during the construction of a building.

Marine – Transit

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which the property is transferred, acquired, or held between the points of origin and the final destination.

Corporate Travel

Corporate Travel Insurance is an annual travel insurance cover providing company directors and employees with insurance while they are undertaking domestic or international travel.

Trade Credit

Trade credit insurance insures manufacturers, traders and providers of services against the risk that their buyer does not pay (after bankruptcy or insolvency) or pays very late.

Please note: This is a general description of cover only – for full description of covers please refer to your policy wording.