Consilium Launches Blended PI and D&O Policy

These are two business insurance products that dovetail neatly together, here’s the word;

Consilium, a leading global speciality (re)insurance broking business, has announced the launch of a blended professional indemnity (PI), Directors & Officers (D&O) and Crime policy to address the specific risks faced by real estate professionals when working collaboratively on property deals and ventures.

When entity structures and activities overlap, real estate businesses, such as property managers and investment advisors, can face risks that single PI and D&O policies cannot adequately address.  To minimise the gaps, Consilium’s Professional & Executive Risks team, in conjunction with inhouse lawyer Duncan Childs, has drafted a highly responsive propriety wording. Breaking away from standard policy wording limitations it uniquely tackles overlapping real estate risks such as negligence, mismanagement, and breach of duty in one comprehensive policy, delivering superior protection.

Combining commercial and investment management PI and D&O into a single policy delivers a range of benefits for brokers and their real estate clients including reduced administrative burden, lower total premium costs, and tailored coverage that ensures all potential liabilities are adequately addressed.  Further, facilitated by Consilium’s inhouse claims team, the unified coverage ensures a streamlined claims processes and avoidance of costly disputes.

Commenting on the launch Dominic Pilgrim, Partner Professional & Executive Risk Solutions at Consilium, said: “The real estate sector is increasingly complex, with professionals often working collaboratively; traditional single-line PI or D&O policies can leave gaps when responsibilities overlap. By blending these protections into one carefully drafted wording, we’re delivering a solution that not only mirrors the way real estate deals are structured but also streamlines claims handling and reduces overall costs. It’s a major step forward in protecting brokers and their clients in the sector, and once again reinforces our position as a speciality broker redefining excellence in the world of professional risk solutions.”