Great American Insurance Group's Executive Liability Division (ELD) has appointed Synergy Professional Associates of Kinnelon as national production coordinator for Multi-Employer/Taft-Hartley Plan Fiduciary Liability Insurance.
Great American’s ELD has been providing management liability insurance for over two decades. Its multi-employer plan fiduciary liability underwriting unit was organised in 2005 and is focused on addressing the personal liability of management and labour union-appointed fiduciaries of multi-employer trust funds.
According to Great American Insurance, the policy is admitted in 37 states. The plan types include contribution plans, benefit plans, and health and welfare benefit plan types. Individual policies can be written on a plan specific basis or master policies can be created to address multiple plans.
Ryan FitzSimmons, underwriting manager at Great American Insurance, said: “Our relationship with Synergy offers independent agents additional expertise in helping their clients manage the unique needs of Taft-Hartley Plan fiduciaries and provides Great American the opportunity to more effectively grow this segment of our business.
Brokers who utilize the program can expect to receive new and improved rates and coverages while continuing to enjoy the same exceptional service ELD is known for.”