Nuts & Bolts:
St. Paul Travelers launched a new management liability insurance program for members of the National Association of Manufacturers. The program is administered exclusively by Aon Association Services, a division of Aon’s Affinity Insurance Services Inc. The new NAM-sponsored insurance portfolio program provides management liability and crime coverage to manufacturers of all sizes. This program offers coverage to address directors’ and officers’ liability, employment practices and fiduciary liability, fidelity, and kidnap and ransom exposures. Qualified insureds also receive access to Risk Management PLUS Online, which offers tools to help employers manage and reduce their exposure to employment-related and/or fiduciary suits.
No minimum premium or deductibles. Limits up to $10 million with $25 million available for larger groups.
St. Paul Travelers, rated “A+,” admitted.
Paul M. Bondy, (202) 429-8564 or www.nam-aon.com.