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Berkley Professional Liability LLC said Tuesday it is offering a primary private company management liability policy.
The New York-based W.R. Berkley Corp. unit said in a statement firms can select directors, officer and entity liability, employment practices liability and/or fiduciary liability on a shared or separate limits basis. Crime coverage will be available soon as well, the company said.
The insurer said the product is admitted in 38 states and the District of Columbia, and is expected to be admitted nationwide this year.
Up to $10 million in limits per coverage part is available, according to a company spokesman.
W.R. Berkley Corp. said Monday it has formed a Sebastopol, California-based Berkley Healthcare unit that is comprised of Berkley Healthcare Professional Underwriters and Berkley Healthcare Financial Lines.