Product Counsel

Job Type:

Build a brilliant future with Hiscox

Join an energetic and creative team to drive business forward

Position: Product Counsel, Band II

Reporting to: VP, Head of Product Development

Location: Any Hiscox USA Office

The role

The Product Counsel role works with the Risk Department and Underwriting teams to draft all policy wordings and related documents for all lines of business written by Hiscox USA, which includes Professional Liability, General Liability, Management Liability, Crime, Cyber, Media, Entertainment, Terrorism, and BOP. The Product Counsel team has primary responsibility for all product forms and associated documents. This is an exciting opportunity for a go-getter who can be successful in a fast-paced environment, is able to balance multiple daily priorities, and is excited to be exposed to all aspects of commercial specialty insurance. Youll be a part of a highly collaborative team where your contribution is crucial to the ambitious goals of this fast-growing US Business Unit.

What youll be doing:

• Work both independently and with the Product Counsel team to collaborate with underwriters and draft clear and accurate new and amended insurance policy wordings, forms, endorsements, applications, and related documents
• Advise underwriters and Practice Leaders with risk analysis by offering coverage and wordings analysis and other legal related advice
• Stay up-to-date on current and emerging underwriting risk and coverage trends, and present on these topics periodically, as warranted, to underwriters and other pertinent US staff personnel.
• Work with stakeholders to embrace "Plain English" wordings that are easy for customers and brokers to understand, without detracting from their legal precedence, meaning, or significance
• Liaise with State Filings team to incorporate filings impacts on policy wordings, but also to stay abreast of competitor filings from a product innovation standpoint
• Liaise with Marketing team to review marketing materials that describe Hiscox products and coverages
• Regularly engage with Claims teams to solicit feedback on policy wording and advise of new forms and coverages
• Provide product-related regulatory and compliance support, as needed

The team

This position is an integral role in the Risk Department, reporting directly to the VP, Head of Product Development. The Risk Department is highly collaborative, encompassing Product, State Filings, Regulatory, Corporate, and Compliance. The Product Counsel team sits at the very core of Hiscox USA: we create and facilitate use of all products sold by the US, and this role is crucial to the ambitious goals of this fast growing Business Unit.

Requirements:

• Juris doctor required. Authorized and in good standing to practice law in any U.S. state.
• 3 to 5 years as an attorney with insurance law experience; claims experience is a plus
• Excellent analytical skills and attention to detail
• Excellent time management and prioritization skills
• Excellent verbal and written communication skills, including substantial legal drafting experience
• Entrepreneurial and commercially-minded; thinks like a businessperson
• Confident, proactive, and energetic professional who is also courageous, creative, and flexible
• Strong ability to establish rapport and build relationships with internal clients (predominantly underwriters and Underwriting Management)
• Ability to work both independently and collaboratively
• Ability to excel in a fast-paced yet collegial environment

Preferred:

• Background in the US commercial casualty and specialty markets
• Insurance policy drafting experience
• Insurance policy coverage analysis experience
• Knowledge of admitted and surplus lines commercial products, including commercial, professional liability, and specialty insurance

Hiscox Values

At Hiscox our spirit is in Challenging Convention and everything we do is guided by our Values.

• Courage: Dare to take a risk
• Human: Clear, fair & inclusive
• Ownership: Passionate, commercial & accountable
• Integrity: Do the right thing, however hard
• Connected: Together, build something better

What Hiscox USA Offers

• Competitive salary and bonus (based on personal & company performance)
• Comprehensive health insurance, Vision, Dental and FSA
• 401(k) with competitive company matching
• 24 Paid time off days + 2 Hiscox days
• 10 Paid Holidays
• 4 week paid sabbaticals after 5 years of service
• Paid parental leave
• Financial adoption assistance and medical travel reimbursement programs
• Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
• Company paid subscription to Headspace to support employees mental health and wellbeing
• Dynamic, creative and values-driven culture
• Modern and open office spaces, complimentary fruit and drinks
• Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, and slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places. Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

About Hiscox US

Hiscox USA was established in 2006 to focus primarily on the needs of small and middle market commercial clients, via both the broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group.

Today, Hiscox USA has a talent force of over 400 employees mostly operating out of 6 major cities - New York, Atlanta, Dallas, Chicago, Los Angeles and Scottsdale. Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, and terrorism.

Diversity and flexible working at Hiscox

At Hiscox we care about our people. We hire the best people for the job and were committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesnt always have to be nine to five and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

Salary Range - $118,000 - $142,000

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Work with amazing people and be part of a unique culture