A colleague was asking me about the addition of Internet Liability cover to a Management Liability package.
In our Private Company Management Liability Market Survey (August 2009), we found the following carriers offered an Internet Liability coverage option in their MLI (D&O/EPL/Fiduciary etc.) policy:
* Cincinnati at that time did not, but does now.
There will be more – I’ll bet a lot more – this August.
Anyone have any thoughts as to whether it’s better to buy the coverage as part of such a package or as a standalone policy? Generally the latter might have broader coverage (though I haven’t tried to prove that yet). I expect that the standalone will offer more services as well. Offered as a part of an MLI package will be less expensive, though.
Coverage as part of the package is likely a good way to get at the vast middle market that doesn’t require heavy underwriting, I suspect. Relatively inexpensive, easy to sell, price and availability will rise and fall with claims experience.