Brokers can now access up to £10m of liability cover and £50m of property cover online through MGA
Commercial underwriting agency APC has increased the limits on most of its public and products liability risks to £10m and property risks to £50m.
The agency said the move was aimed at helping smaller brokers win larger clients.
According to APC, the increased public and products liability limits will eradicate the need for brokers to secure a second excess-of-loss policy to supplement the industry’s standard products, which offer cover of £2m or £5m.
It added that brokers would also benefit from the new £50m in any one location property limit.
APC director Ian Russell said: “Many of our brokers are competing against rivals many times their size to win large accounts. In this situation it is essential for them to be able to access the large limits required by their clients quickly and from one source.
“By both increasing the most important limits online and providing access to a dedicated London market team we believe we are significantly increasing brokers’ business conversion chances, while saving them valuable trading time.”
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