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CFC Underwriting Ltd. on Wednesday announced several upgrades to its ExecSurance management liability policy for small and midsize businesses.
The policy has been expanded to include standard coverage for third-party discrimination claims and violations of the Immigration Reform Control Act, according to a statement from the London-based specialty lines insurer.
Additional enhancements include defense and indemnity coverage up to $250,000 for wage-and-hour claims, as well as full-entity directors and officers liability coverage.
“These major enhancements to our existing form demonstrate that as we build our management liability book, we are responding to the needs of brokers and to helping them maintain a competitive edge in what is a tough market,” Kate Lyes, a senior management liability underwriter at CFC, said in the statement.
ExecSurance incorporates a range of insurance products including D&O, employment practices liability, fiduciary liability, cyber and privacy risk, crime, kidnap and ransom, and reputation and brand protection, as well as risk management services including loss mitigation strategies.