OneBeacon Announces New Management Liability Coverage

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.

About OneBeacon Management Liability: OneBeacon Management Liability is a brand of OneBeacon Insurance Group that offers solutions for directors and officers liability, employment practices liability, fiduciary liability, crime, employed lawyers liability and information risk and recovery insurance for nonprofit organizations (all classes), private/nonprofit healthcare organizations and private for-profit companies of all sizes and types. Coverages are available on a modular form approach, allowing for tailored solutions.

About OneBeacon: OneBeacon Insurance Group Holdings, Ltd. (“OneBeacon”) is a subsidiary of Intact Financial Corporation (TSX: IFC). OneBeacon’s underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon’s solutions target group accident and health; commercial surety; entertainment; environmental; excess property; financial institutions; financial services; healthcare; management liability; ocean and inland marine; public entities; technology; and tuition refund. For further information about our products and services visit: onebeacon.com and to remain up to date on OneBeacon’s news, follow us on Twitter @OneBeaconIns or visit our online newsroom: onebeacon.com/newsroom. For information about Intact Financial Corporation visit: intactfc.com.