Business Risk Partners and Praetorian Financial Group are launching insurance products: Private Accord and Excess Guardian.
Private Accord is a directors and officers liability package product for small and middle market firms. Offering D&O liability coverage as well as employment practices liability insurance andfFiduciary Llability coverage, it’s available for commercial companies with revenues up to $200 million and with an employee count up to 2,000.
Excess Guardian is a new umbrella product designed to provide excess over Private Accord and other specialty coverages. Excess Guardian provides insureds with seamless excess protection in an efficient, cost-effective manner.
“Small and middle market firms are facing increased exposures to litigation, particularly in the employment field. These firms may not have the resources to manage the complex litigation stemming from these areas. These products offer economic protection in a comprehensive, simplified manner that allows business owners to focus on the task of running their enterprise,” commented Lisa Doherty, president of Business Risk Partners.
The policies are available immediately nationwide on a non-admitted basis. Filings are underway to offer the coverages on an admitted basis. Capacity of up to $5,000,000 is available. Product details, as well as an application for coverage, can be found at www.BusinessRiskPartners.com
Sources: Praetorian Financial Group, Inc.
Business Risk Partners