News

OneBeacon Announces New Management Liability Coverage

New Insurance Solutions for Private Companies, Not-for-Profit Organizations and Healthcare Organizations

August 7, 2018

PLYMOUTH, Minn. (August 7, 2018) – OneBeacon Management Liability, a member of OneBeacon Insurance Group, has introduced new Management Liability primary policy forms that deliver more comprehensive coverage to a broad range of organizations. The modular policy approach is designed to help minimize gaps in coverage, while providing flexibility to tailor solutions based on each client’s unique exposures.

OneBeacon Management Liability President Stacy Paquet said, “With our new management liability products, we are providing a more flexible and customizable solution that recognizes each client’s distinct level of risk. With more comprehensive D&O, EPL, fiduciary and crime coverages now enhanced by employed lawyers professional liability and Information Risk and Recovery™ coverages, we’re offering the convenience of a one-stop solution through our modular approach.”

Product features vary based on the covered organization, but can include:

  • One convenient application for all coverage lines
  • The ability to share or separate the liability coverage section limits
  • Coverage sections available packaged or standalone
  • E-discovery consultant services available under the liability coverage sections
  • Voluntary mediation retention credit, up to $25,000, under the liability coverage sections
  • The ease of selecting optional coverages and product-specific sublimits on the declarations page

The policies are written on an admitted basis and will be available in most states. Agents and brokers interested in additional information regarding the product should contact their local OneBeacon underwriter or visit www.onebeaconml.com.