Hutch Underwriting has launched new professional indemnity wordings for tradies to bring advice, design and incidental cyber exposures into a single solution.

The cover is aimed at electricians, carpenters, painters and other licensed trades for which reports, advice or design are part of the service for individual or low-rise residential and commercial projects below $10 million in value.  

Head of financial lines Ross Chambers says brokers are finding it harder to place PI for construction-related risks when there is any design or advisory component.

“They’re often forced to stitch together multiple policies or wait days for a response on what are, in reality, well-run SME businesses.  

“With these wordings, we’ve focused on clear appetite, streamlined questions and digital access.”

The products feature PI cover for civil liability, with limits generally available up to $5 million, and up to $10 million in aggregate.

Cyber cover is included as standard, with a sublimit for selected events such as data security breaches, client network infection and cybercrime losses.

Optional extensions include sudden and accidental pollution, previous business, mitigation costs and – for design and construct – proportionate liability waiver and novated contracts.

The new PI design and construct and PI trades wordings are available to brokers via Sunrise Exchange.