New backbench MLA Chris Bourke has popped up to help Chris Peters from the Chamber of Commerce launch a new business insurance product:
“The main purpose of the new insurance class is to simplify business insurance and ensure business has access to insurance that covers business against risk where traditional products may fail.
“Businesses are usually familiar with traditional insurance products including product liability insurance and Director & Officer insurance but the Management Liability Insurance is a hybrid insurance product.
“It incorporates both classes of insurance and plugs the gaps that have emerged in those older insurance types.”
“Those responsible for negotiating insurance coverage in this sector should seriously consider the advantages offered by Management Liability Insurance.
A Chamber of Commerce flogging insurance products is one thing, but getting an MLA to sell it is unusual.