The broker said the product ‘plugs gaps’ in currently available broader D&O coverage 

Specialist (re)insurance broker Miller has today launched a new directors and officers (D&O) product for the UK construction sector.

Called D&O Construct, the new product has been designed alongside Howden-owned MGA Dual to take account of increasing regulatory pressures in the UK construction sector – Miller said the product offers broader D&O coverage and plugs gaps in cover that is currently offered.

The new product offers nil deductibles throughout the policy to ensure construction firms are not financially impacted when faced with covered claims that can create substantial legal and defence costs.

It also provides cover for claims arising from company insolvency, corporate manslaughter and environmental claims, explained Miller.

Tailored insurance

Scott Taylor, head of financial institutions and D&O at Miller, said: “As the UK construction sector continues to face increasing regulatory and legal pressures, I’m delighted to announce the launch of this new product which plugs the gaps left by the market’s more standard coverage.

“Led by our dedicated and growing D&O team, this offering further highlights Miller’s commitment to providing specialised, tailored insurance policies and working in partnership with like-minded underwriters to provide the best solution for our clients.”