Allied World Assurance Company Holdings has launched its new ForceField management liability product suite which offers six distinct coverage components with an option to purchase separate standalone products or a complete insurance package.
According to Allied, ForceField’s coverage elements include directors and officers liability, employment practices liability, fiduciary liability, employed lawyers coverage, crime coverage, and kidnap & ransom/extortion coverage. These package products are available for private companies.
The company said that these packages give organizations with an efficiency to select the coverage elements that are essential for their particular needs with an option to choose separate or shared limits among these coverages.
Gordon Knight, president of Allied World US, said: “We expect ForceField to quickly become the cornerstone of our management liability product portfolio. This product suite enables us to greatly expand the insurance solutions that we can offer our brokers and their customers.”
Christian Gravier, senior vice president of Allied World Private/not-for-profit/public company micro caps management liability unit in the US, said: “ForceField will give our clients and brokers access to essential elements of coverage that enables us to customize solutions to suit a client’s particular needs.
With this product we bring together our underwriting expertise, a broad appetite, and industry-leading risk management and claims services to provide management liability protection that is far stronger than the sum of its parts.