Specialty risks – targeted and appropriate coverage

Certain areas, such as regulated professions, sports and leisure, events, performance art and industrial machines, require specific expertise to effectively manage the risks to which they are exposed. Consequently, we have developed tailored solutions that are supplemented by the Covéa Group’s services and expertise in assistance and legal protection.

A distinct solution and tailored coverage for each market

Every speciality market requires special policies. That is why we put in place appropriate and tailored policies, such as open perils, commercial general liability, and miscellaneous coverage, to cover the following risks and markets:

• Legal and accounting professions: as the leading general liability insurance provider to people practising legal and accounting professions, we cover the risks related to regulated professions such as chartered accountants, statutory auditors, lawyers and administrators. We support nearly 130,000 independent professionals, which represents nearly 80% of the market ;
• Buildings: building owners’ associations for residential, mixed-use and office buildings ;
• Technical risks: we cover accidental tangible damage to machines (including industrial equipment, electronics, energy production and vehicles) during installation or use ;
• Sport and leisure: we insure sports federations and clubs as well as organisations operating sport and leisure facilities (for example stadium, golf clubs, theme parks, zoos and leisure parks) ;
• Companies building family homes: we insure builders by providing multi-risk packages, including building damage insurance, construction liability insurance, general liability and builder’s risk coverage ;
• Public contracts: we insure operating risks and organisations managing public facilities ;
• Speciality risks: we cover financial losses incurred as a result of cancelling events and the winnings available for sports competitions. We also insure high value artwork.

A comprehensive approach to cyber risks

As our teams constantly remain abreast of technological and technical progress in order to anticipate the insurance needs that suit the market and meet your changing expectations, they are also able to advise you about how to best mitigate cyber risk.

Indeed, the majority of your activities depend on digital systems that are therefore susceptible to malicious acts, human error and malfunctions. Moreover, data is considered a strategic asset that more than ever requires comprehensive coverage and guarantees.

A centralised structure based in Paris, Le Mans and Lyon, supported by our experts

Our operations are centralised in France, with the underwriting business based in Paris and Le Mans, and the sports and leisure management team in Lyon, both of which receive support from a department of experts. Building on their cutting-edge understanding of your profession, our underwriters help you to manage your specialty risks. They have developed a high level of expertise and technical knowledge in each specialty, as well as in-depth awareness of the market in which you operate.

Our focus to strive for continuous improvement compels our teams to regularly acquire and hone their technical skills to further bolster their expertise in areas of particular regulatory focus. Similarly, they monitor changes in legal requirements and the competitive environment to better understand the needs of each market and the expectations of each profession.

Our services and structure guarantee we provide insurance solutions that are tailored to suit your needs.