Did you know Berkley Financial Specialists (BFS) writes Management Liability and Bond for Insurance Companies? We do! We’ve had an appetite in this vertical and as we continue with our strategic growth initiatives are happy to share with you our continued interest in the class of business.
The Management Liability Policy for Insurance Companies has been specifically designed so the company is able to select coverages they want to protect their business. Coverage is written on a pay on behalf of the insureds basis. Employment Practices Liability is written on an insurer duty to defend basis. Each insuring agreement carries its own aggregate limit and retention. There is an overall aggregate limit for the policy which may be written with a higher amount to reduce the erosion of individual insuring agreement limits by other types of covered claims.
The Financial Institution Bond for Insurance Companies is designed so the insured is able to select the coverages they want to protect their business and to satisfy their specific needs. Each insuring agreement carries its own single loss limit and deductible, and there is an overall aggregate limit of liability for the bond.
If you have any questions regarding our policy forms, our appetite, or just want to discuss Financial Institutions, please reach out to any of our production underwriters listed below.
Make Sure Your Financial Institution Clients Have the Right Coverage!
Contact any one of the FI insurance experts below for help in making sure your FI customers have the right coverage from a strong, stable company!
Vice President, Practice Leader
Ryan Wenzell 212-497-3740
National Marketing Director
Scott Mynatt 404-443-2076