Personal Accident
| Product | Personal Accident |
| Product Manufacturer | Joint Carrier & MGAM |
| Carrier | Amtrust |
Product Approval Process
The POG concluded that the product is suitable for the target businesses and PA exposures arising from work activities whilst travelling.
Who this Product is suitable for:
SME Business owners, with 2 or more members of staff/directors who Travel Domestically and Abroad for business who may require medical attention or repatriation while travelling for business purposes. Personal Accident insurance providing a fixed one off benefit amount and weekly benefits to support and supplement reduced income as a result of being in an accident which prevents them from working.
Who this Product is not suitable for:
Consumers – any natural person purchasing a policy which is unrelated to their trade and/or occupation.
Large Corporate entities which exceed 50 staff which have more complex requirements.
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) | No |
| 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 |