Private Company Management Indemnity Package Policy
Litigation against a company’s management doesn’t just affect large, public companies; it also affects private companies. Many privately held companies may underestimate or not even recognize their need for such coverage. We’ve made a commitment to this market by investing in our Private Company practice and creating a modular policy for all private companies, offering Directors & Officers, Employment Practices, Fiduciary, Crime, and Privacy and Network Liability coverage.
Benefits:
- National network with local expertise: Our nine regional offices are staffed with managers averaging 10+ years of experience and we have approximately 50 underwriting professionals dedicated to the private company practice.
- Broad coverage capabilities: Broad coverage capabilities include a package policy that offers separate or shared limits. We will entertain even the most complex coverages.
- Privacy and network security coverage: Designed to address new and emerging privacy concerns, insureds have access to the same experts and award-winning Loss Mitigation Services that accompany ACE's other industry-leading cyber solutions. This includes but is not limited to:
- Access to ACE’s Data Breach Team, an independent panel of specialists who have the capabilities and experience to help organizations and businesses execute their data breach response when information is lost or compromised.
- Free access to the eRisk Hub®, a web-based loss mitigation resource designed to help policyholders stay abreast of best practices and regulatory guidelines.
- Back office support: We utilize a sophisticated, state-of-the-art underwriting platform to rate, quote, bind, and issue (online) policies, providing you with speed and local accessibility. We also offer direct billing capabilities and a dedicated email box for further accessibility.
- Loss mitigation resource: Unlimited access to a 24-hour workplace hotline, claims accessibility and litigation management all provided by EPL AssistTM.
- Dedicated claims staff: We have a claims staff which only handles D&O, EPL, Fiduciary and Crime claims.
Coverage:
Standalone or packaged coverage sections (refer to tabs below for details of each coverage):
- Directors & Officers Coverage
- Employment Practices Coverage
- Fiduciary Coverage
- Crime Coverage
- Privacy and Network Liability Coverage
Separate and shared limits are available.
*EPL Assist™ is a cutting-edge risk management program that provides policyholders with a wide variety of legal content, forms and analysis. Through EPL AssistTM, ACE insureds can also interface directly with Littler Mendelson lawyers, who are dedicated to helping you navigate what has become an employment law minefield. Through a secure web portal containing essential employment law resources and tools, as well as a toll free hotline service, ACE insureds with primary EPL coverage policies now have access to the content and advice necessary to compete in today’s challenging legal environment.