General insurance provider Paymentshield has reintroduced unemployment cover to its mortgage protection policy, which already includes accident and sickness cover. Paymentshield has also migrated its mortgage protection and income protection book to AmTrust Specialty Limited, a subsidiary of AmTrust International. Under the deal, Uris Group will administer claims.

In recent weeks, Paymentshield has also added AmTrust Specialty Limited to its tenants’ contents insurance panel.

Louise Pengelly, director of proposition at Paymentshield, said: “We recognise the uncertainty that many households are facing due to ongoing economic headwinds. Despite this, there are few providers out there actively offering these products to consumers.

“As experts with over 30 years’ experience in mortgage protection, we felt it was imperative to fill this gap, equip advisers with a greater suite of products to discuss with their clients, and deliver peace of mind to those who need it most.”

Paymentshield said the enhanced proposition would be available to new customers and that existing policyholders would automatically be transferred to the new insurer.