Excess of Loss

Product Excess of Loss
Product Manufacturer Carrier
Carrier Allianz

Product Approval Process

This product has been reviewed by MGAM’s Product Oversight Group (POG) which concluded that the product risk review was sucessfully completed, including consideration of the wording, and did not identify any concerns or require any further actions. The product is suitable for the target market and responds to their exposure to losses arising in relation to legal exposures. The POG did not identify characteristics in relation to the various areas of potential risk.

Who this Product is suitable for:

Typical target market would include businesses who are contractually obliged to have a higher Public Liability Limit of indemnity. For Example a Tradesman or contractor entering a Council own premises, School or Hospital which would demand a higher limit of indemnity in order for the insured to carry out the activity they have been employed to do. Retailer, Cafes, Restuarants often also are asked for higher limits of indemnity by the council to have signs, chairs and tables on the street outside the business owners premises.

The Excess of Loss cover is designed for a wide range of businesses, from small local SMEs up to the largest multi-nationals.

Who this Product is not suitable for:

Product is not suitable for Consumers Risks working at Hazardous Locations


Product Suitable Distrubution Strategy

Distribution Method Yes/No
Sold directly to customer by our firm No
Sold to the customer via Appointed Representative Yes
Sold via other intermediaries between us and the end-customer Yes
Sold via a comparison website No
MGAM Delegated Authority (Transactional) Yes
MGAM B2B2B Quote & Bind Platform Yes
MGAM B2B2C Quote & Bind Platform (first party system) No
MGAM B2B2C Quote & Bind Platform (third party system) No
Sub Delegated Authority (Coverholder) No
Coverholder B2B Quote & Bind Platform No
Coverholder B2C Quote & bind Platform No

For more information contact

E: enquiries@mgamutual.com