ULLICO Casualty Group has aligned with Hudson Insurance Company to offer enhanced fiduciary and union liability insurance programs.
ULLICO Casualty’s fiduciary program will include higher limits of liability, up to $15 million for multi-employer benefit funds and $5 million for their union liability program for labor unions and their leaders. Both product offerings will also include significant policy enhancements.
ULLICO Casualty is offering the blend of ‘duty to defend’ policy forms with choice of counsel selected by the insured. The fiduciary policy also enhances coverage for liabilities imposed under Health Insurance Portability and Accountability Act, Pension Protection Act, and situations in which trustees face liability for non-fiduciary duties.
ULLICO Casualty has enhanced its union liability program, which already provides broad coverage, to include domestic partner coverage as well as third-party discrimination liability coverage, via endorsement.
ULLICO Casualty staff will continue to handle underwriting, marketing and claims management for the programs, as they have proven experience and expertise in executing these critical functions.
The new fiduciary and union liability programs are available through ULLICO Labor Protection Group, a risk purchasing group filed and approved in Washington, DC and insured by Hudson. The purchasing group is already approved in 40 states, with new states being added weekly.
Daniel Aronowitz, president of ULLICO Casualty Group, said: As the risk solutions provider for organized labor and multi-employer benefit plans, we chose to issue our market-leading fiduciary liability insurance policies with Hudson because they are a leading specialty insurance company in the US.