Property and casualty insurance provider Zurich has unveiled Financial Institutions Select, a new management liability/professional liability policy that includes more than 75 new coverage enhancements designed to reflect the current landscape of risk.
The Zurich Financial Institutions Select insurance policy offers ten liability coverage options to choose from: management, excess side-A, private company securities, public company securities, employment practices, fiduciary, professional lender, trust department and security and privacy protection.
The highlights of the new policy range from Retired Independent Directors Side A coverage that provides an additional level of protection for retired independent directors with personal side-A coverage after all other insurance protection is exhausted, to an
Environmental Mismanagement extension that provides coverage for traditional management liability exposures, such as securities claims, retaliation claims against insured persons, non-securities misrepresentation claims.
In addition, the policy offers loss prevention and control services that include e-discovery consulting services, an e-risk assessment online tool to help assess security and privacy risks, EPL Hotline offering legal advice on employment practices issues,
In-depth, educational risk management and prevention guides for D&O employment practices liability and ERISA fiduciary liability and access to Zurich Services Corp. risk engineers.