Zurich Expands Middle Market Directors & Officers Coverage

Zurich announced the expansion of its directors & officers liability insurance offering for middle market companies in North America. The enhanced offering, which includes several management liability products under one form, now targets private and not-for-profit companies with up to $750 million in assets and fewer than 1,500 employees. Additionally, Zurich has incorporated core enhancements to its policy form, simplifying the underwriting process.

“The middle market form provides a broad array of critical coverages, packaged with risk management services, for greater convenience, flexibility and efficiency,” said Salvatore Pollaro, senior vice president, Zurich.

The middle market offering is designed to address a variety of management liability exposures private and not-for-profit companies face and provides value-added services to help them mitigate their exposures. Zurich’s risk management tools now include a hot-line service that offers customers personalized, practical, confidential advice from senior-level attorneys at one of the country’s leading employment law firms, Jackson Lewis. Other risk management services include a complimentary membership in the Society for Human Resource Professionals (SHRM) and HR Care — an online employment resource.

Customers may choose from a full line of management liability products, including employment practices liability insurance purchased in conjunction with directors and officers liability insurance, fiduciary liability and crime insurance, offered in one policy form with one aggregate limit of up to $25 million. Target business sectors include manufacturing, retail, services, agriculture and hospitality.

Source: Zurich Financial Services