Employment Practices Liability exposures are a growing concern for non-profit and for-profit organizations.
Premier Marine Insurance Group has announced the release of their new line of D&O insurance products called SMART D&O. This product is focused on providing an industry leading product with innovative coverage extensions while keeping the underwriting and quote delivery expedient.
Premier knows that today’s clients want the very best from their insurance policies and the SMART D&O is no exception. Coverages such as Fiduciary Liability, Spousal Extension and Outside Non-Profit Directorship Coverage come standard with the product. Even Employment Practices Liability (EPL), one of the most vital exposures an organization may have, comes standard in the product.
“Recent surveys have shown that over half of the D&O claims made have been EPL related. We don’t want our clients to miss out on this crucial coverage”, stated Troy Moreira, President and CEO of Premier. Indeed, as a result, EPL exposures are top of mind for many organizations whether they are in the non-profit and for- profit realm. Addressing EPL exposures goes beyond protecting the organization and its directors, an organization must protect its employees which is why Premier’s SMART D&O Kidnap & Ransom coverage.
Delivering a product efficiently with little redundancies in the underwriting process is the key in a successful product. SMART D&O quote process is based on an application that focuses on key underwriting information only and financial statements are not required in the majority of cases. Premier’s SMART D&O is paving the way for a smarter way for organizations to take care of their D&O exposures.
For further details about these products, please visit www.premiermarine.com.