Berkley Launches Private Company Primary Management Liability Policy

March 19, 2019 - Berkley Professional Liability, a Berkley Company, has expanded its product offerings to include a primary private company management liability policy. This comprehensive package policy offers coverage designed to address growing exposures facing private companies.

Management teams can select one or more of the following coverage parts on a shared or separate limits basis: directors, officers and entity liability; employment practices liability; fiduciary liability; and crime (soon to be released).

Berkley Professional Liability’s new primary management liability product is currently admitted in 38 states and the District of Columbia and is expected to be admitted nationwide in 2019.

Berkley Professional Liability was founded in 2008 as a member company of W. R. Berkley Corp. Berkley Professional Liability provides customized coverage products and claims servicing. Berkley Professional Liability continues to expand its product capabilities as well as geographic reach to serve the management liability environment.

Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation.