Beazley Group, an insurer of management liability risks, has launched its new management liability package policy, BeazleyOne. This new policy combines employment practices, directors and officers, and fiduciary liability coverage.
The company said that the new package policy offers insureds a streamlined application and renewal process while maintaining flexibility. Insureds can purchase separate limits or combine limits for some or all of the coverages. Insureds also receive, at no additional cost, access to BeazleySource, an online risk management resource that offers loss prevention materials on all three coverages.
The BeazleyOne policy has enhanced coverage features including the ability to settle claims within the retention and non-rescindable coverage for non-indemnifiable claims against insured persons.
Carrie Brodzinski, product manager of BeazleyOne at Beazley Group, said: The BeazleyOne management liability package policy is a state of the art policy that allows insureds to customize coverage. The combination of the innovative coverage features along with BeazleySource’s comprehensive risk management makes this policy a true market leader.