|Product||Property Owners Liability|
|Product Manufacturer||Joint Carrier & MGAM|
Product Approval Process
The POG concluded that the product is suitable for the target property owners and responds to their relevant legal exposures.
Who this Product is suitable for:
Property Owners insurance provides cover for property or land owned by the insured being, owned and/or rented out to a third party. Cover is available for liability if the tenants or members of the public are injured on the property and the insured is deemed to be at fault. The policy can also cover the insured for any incidental Employers Liability for example covering property maintenance and cleaning staff.
Who this Product is not suitable for:
Consumers – any natural person purchasing a policy which is unrelated to their trade and/or occupation.
Product Suitable Distrubution Strategy
|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)||Yes|
|Coverholder B2B Quote & Bind Platform||Yes|
|Coverholder B2C Quote & bind Platform||No|