MSI Launches CGL Insurance for Habitational Property Owners in the U.S.

MSI, a U.S.-based managing general agency, has launched a commercial general liability (CGL) insurance product specifically designed for habitational properties such as apartments, condominiums, and townhomes. This product offers coverage limits of $1 million per occurrence and a $2 million aggregate, addressing the financial risks related to claims, medical costs, and legal fees arising from bodily injury and property damage linked to the insured properties' operations or services. The policy aims to help property owners manage evolving litigation trends, increasing claims costs, and tightening insurance capacity in the habitational property market.

Backing the product is an A.M. Best A+ rated insurer, ensuring financial stability and reliability. MSI executives emphasize the company’s focus on tailored, flexible coverage solutions that assist property owners in mitigating risk while protecting their investments in a fluctuating market environment. MSI, part of the Baldwin Insurance Group and established in 2015, offers a broad portfolio of over 20 insurance products across personal, commercial, and professional lines, reinforcing its commitment to innovative insurance solutions.