Allied World launches professional liability product
Allied World North America, part of Allied World, has launched an enhanced professional risk-transfer organisation (PRO) professional liability product.
Clients are able to choose from a range of coverages: errors and emissions (E&O), directors and officers liability insurance (D&O), employment protection legislation (EPL) and privacy and network security protection.
The revised product also includes an expanded privacy and network security (SRVS) coverage option where insureds can purchase up to $1 million in additional limits and notification/monitoring costs for up to 75,000 individuals without having to buy an additional policy.
Al Fantuzzi, senior vice president of North American E&O division at Allied World, said: “We have been consistently dedicated to our insurance company clients for many years. This improved product offers our clients the flexibility that they have been looking for to customise their professional lines coverage to meet their specific needs.”
Joyce Duarte, vice president, E&O division at Allied World, added: “The legal landscape is constantly evolving and insurance companies are looking for comprehensive options to protect themselves against bad faith litigation and claims against their directors and officers. This product provides wide-ranging protection and choice.”
