Management Liability
Axon Pro’s Management Liability product offering provides Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime and Kidnap & Ransom coverages to privately held companies & non-profit organizations.
COVERAGE HIGHLIGHTS:
- Liability coverage parts offered on both a shared and separate limit basis
- Derivative demand coverage
- Third party employment practices liability
- Fiduciary settlor liability – defense costs coverage
- Broad definition of claim
OPTIONAL COVERAGE FEATURES:
- Wage and hour sublimit
- Violation of employee privacy liability
- Workplace violence expenses coverage
- Immigration investigative defense costs sublimit
- Dedicated defense costs for liability coverages (not available in NY)
- Non-rescindable insuring agreements
APPETITE:
- Broad class of business appetite for privately held companies, can consider most risks.
- Target classes would be manufacturing, distribution, construction, IT, software (non-CA). However, since our appetite is broad, we can consider most risks!
- Classes we stay away from are similar to these markets: crypto, firearms, marijuana, adult entertainment, etc.
- Non-profit organization appetite includes social services, foundations, museums/zoos/historical societies, trade/ professional organizations, libraries & performing arts
KEY POINTS:
- Wholesale only distribution
- Minimum premium is $2,000 for just D&O. We can always work with our partners outside of that.
- Standalone EPL Coverage offered
- Paper utilized – Twin City Fire Insurance Co.* (AM Best Rating A+)
*All states except AK, LA, NY, & VT (written on P&C Ins. Co. of Hartford paper) - Specialized focus on privately owned Management Liability coverage
- Maximum capacity: $5,000,000