Snips from our Private Company Management Liability Market Survey 2012

Last week we published our review of products providing D&O, EPL, Fiduciary Liability, and a host of other coverages to private company (and often not-for-profit) insureds.  Here are some snips:

  • 24 carriers included
  • Rates climbing, but thankfully only moderately
  • Deductibles and SIRs up in difficult states
  • A few carriers observing increasing problems from Entity D&O claims attributable to the economic pressures of the past few years
  • EPL claims costs continue to put pressure on rates
  • More coverage options in terms of lines of coverage offered, but fewer multiyear aggregate options
  • Lines that might be included as an option:

– Directors & Officers, both individual and entity

– Employment Practices

– Third-party Discrimination and Harassment

– Fiduciary

– Side A D&O

– Wage & Hour Defense

– Wage & Hour Indemnity (rarely)

– Kidnap & Ransom

– Crime

– Intellectual Property Liability (rarely)

– Cyber Risk Liability

– Identity Theft Post-breach Response

– Miscellaneous Professional Liability

– Employed Legal Counsel

– General Partner Liability

– Private Equity Liability

Free Executive Summary here

A full discussion of product details for each of the 24 carriers can be found in the full Report, which can be purchased at IRMI here

NEXT ISSUE: Side A D&O (October)

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