Private Company Management Liability

 

Private firms account for nearly 100 percent of all U.S. companies.*

Do you understand the risks they face well enough to profitably seize the opportunity of insuring them?

Management liability insurance traditionally has been purchased by public companies. ISO's private company management liability program is designed specifically to address the needs of private firms.

Growth is booming

The growth of private firms is booming, and their leaders are no less vulnerable than their public counterparts to liabilities related to M&A, regulatory investigations, derivative suits, discrimination, and sexual harassment.

However, they may be less likely to have policies and protocols in place to mitigate these risks.

Global coverage across several lines of business

The program enables insurers to provide private companies with global coverage across several lines of business, including directors and officers (D&O), employment practices, and fiduciary liability.

Program Highlights

  • A single, simple application
  • Policy limits up to $50 million, with options for shared or separate limits
  • Duty to defend coverage
  • Spouses, domestic partners, heirs, and estates coverage available
  • Automatic 60-day basic reporting period at end of policy period
  • Option to purchase an additional ERP or Run-Off Coverage Period
  • Crime and fidelity, as well as kidnap and ransom can be written.

*Source: U.S. Small Business Administration