OVERVIEW

Momentum has established a separate division, Specialty Lines, that works with clients to build and design traditional and bespoke insurance solutions tailored around complex risks.

1. General Liability:

Key features and benefits:

• Covers legal liability to third parties due to bodily injury or property damage arising from the operation of a business or manufacture or sale of products or services
• Includes coverage for operational, construction, and energy-related liabilities (onshore, offshore, pipelines, storage, etc.).
• Offers wider extension options
• Worldwide jurisdiction subject to certain limitations.

Product Range:

• Third-party or public liability
• Product liability
• Commercial general liability
• Construction general liability
• Event-related liability
• Product recall, guarantee extension
• Terrorism-related liability

2. Professional and Management Liability

Key features and benefits

• Covers economic damages for claims of liability that arise from errors, omission or negligent acts allegedly committed by professionals in the course of their provision of professional services
• Covers a wide range of professional activities
• Includes libel, slander, breach of confidential information, trademarks, copyrights and a wide range of other extensions
• Flexible policy forms

Product range:

• Professional indemnity
• Errors and omissions
• Management liability (covering directors and officers)

3. Affinity Employee Benefits:

Key features and benefits

• Covers accidental bodily injury or legal liability of the employers to employees in the course of employment
• Covers a wide range of affinity schemes for banks, credit card issuers, clubs, government and non-government entities, with coverage either on an “at cost” or “no-cost” basis to members
• Features wide range of extension benefits covering repatriation, hijack, war and terrorism
• Extends to a large worldwide network
• Covers high-risk, offshore occupations

Product range

• Personal accident covers
• Employers’ liability
• War and terrorism extensions

4. Political Violence and Political Risk:

• Political Violence (PV) covers loss or damage from risks associated with:
  • Riots, strikes, and civil commotion
  • Sabotage and terrorism
  • Insurrection, Revolution, Rebellion
  • Coup d’état
  • War and civil conflict

• Political Risks (PR) covers loss or damage from risks associated with:
  • Confiscation, expropriation, nationalization and forced divestiture or seizure of assets by government of the investing country
  • Either stand-alone peril or full PV or PR package form
  • Non-cancellable coverage options

Product Range

• Political Violence
• Political risks covered include CEND (Confiscation, Expropriation, Nationalization, and Deprivation) perils
• Event-related terrorism or PV coverage
• Terrorism-related liability insurance
• Terrorism-related employers’ liability