Protection Policy for Privately Held Companies

The new Platinum Management Protection (PMP) policy is designed exclusively for privately held companies with 100 to 5,000 employees. The provider states that the policy offers protection for Directors & Officers Liability including coverage for Company Liability and Outside Directorship Liability; Employment Practices Liability including coverage for Third Party Discrimination and Workplace Violence; Fiduciary Liability; and Miscellaneous Professional Liability.

The insurer states that the policy gives insureds the opportunity to customize the policy to meet their particular needs by purchasing any combination of the offered coverages, and the insurer will provide defense counsel with specific coverage expertise through its duty to defend obligation. In addition, the policy offers a variety of support services at no additional cost to the insured, including:

• Access to The Best Practices Risk Management Line from the AGOS Group
• Internet access to The Employment Guide by the Bureau of National Affairs, Inc. for sample handbooks, policies, and applications
• Workplace violence crisis response by AMSEC International

The provider states that the policy has been filed in all 50 states and is immediately available in a number of states with broader availability expected shortly.

Crum & Forster, 89 South Street, 5th floor, Boston, MA 02111. Tel: 888-258-3051 or 617-330-5677. Fax: 617-951-2716.