Our recent Management Liability solutions

WHAT WE’VE SEEN COVERAGES
1. Start ups / VC Backing

  • A. Technology
  • B. Biotechnology
  • C. Healthcare organizations
Private Co. D&O/EPL
2. Pre‐IPO/Second/Third round financing Private Co. D&O/EPL
3. IPOs and other public companies Public Co. D&O
4. Reverse‐Merger Public Companies Public Co. D&O
5. Asset Purchase and Asset Sales Seller‐Side and Buyer‐Side Representations And Warranties
6. LLC’s/Partnerships – Real Estate Endeavors Diversified Organization (PE and RE E&O)
7. PE LLC’s with Outside Board Exposures Private Equity/VC Liability
8. NP and For‐Profit/Education, Healthcare Not for Profit Organization &Educators Legal
9. Private/Public Cos./International Issues Broad Form Side A with cross‐global extension
WHAT PROBLEMS SOLUTION PROVIDED
Public D&O Issue – Renewal quoted; subsequent investor conference call led to a material stock drop resulting in a disrupted Underwriting process Placement held together with incumbents and one new market for limited premium increase.
2. Pre‐IPO/Second/Third round financing Private Co. D&O/EPL
Employment Practices Liability Issues: Significant change in Insured Risk Profile with an increased number of employees and material claims experience Successfully placed renewal at modest increase in premium and sustained Retention. Solution helped by meeting
with insured, relating risk management controls of insured to underwriters, and by relationship with underwriters/the market.
Buyer of Target requiring limits to match purchase price Within 4 days, put together $130 million Seller‐side Reps and Warranty program
Physician Owned Organization acquired Hospital increasing employee count to excess 1,000 EPL placement ‐ $10M including Wage and Hour, Immigration Reform and Control Act
Healthcare Staffing organization EPL designed for Staffing Organizations including Wage and Hour & IRCA
Distressed Asset Sale Seller‐side Representations and Warranty
Health Care Organization: $20M D&O and EPL limits Including W&H and selfhandling EPL claims Placed Health Care Org program for $20M, one carrier, $1M W&H; EPL bordereaux claims reporting
Privately‐held Med device manufacturer with poor financials, major changes in management and board; and litigation Successfully negotiated 4 new options for client’s consideration for its D&O, EPL, Fiduciary
Public Company with Derivative Suit at time of renewal Successfully negotiated a flat renewal despite push back from carriers
D&O program under fire from competition Audited program; recommended 18 improvements – Retailer won entire account including management liability