Berkley Professional Liability, a Berkley Company, has expanded its product offerings to include a primary management liability policy for investment advisors and funds.
The new customizable policy offers a choice of coverage options, including investment adviser professional liability, fund professional and management liability, directors’ and officers’ liability, employment practices liability, and fiduciary liability. Coverage is available on a combined or standalone basis.
Berkley Professional Liability’s new primary investment management liability product is currently admitted in 15 states and the District of Columbia and is expected to be admitted in several other states in 2019.
Berkley Professional Liability was founded in 2008 as a member company of W. R. Berkley Corporation, a commercial property casualty insurance provider.
Was this article valuable?
Here are more articles you may enjoy.
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
