CFC Enhances Management Liability Policy

Specialist lines underwriting agency CFC Underwriting has upgraded its management liability policy, ExecSurance ML.

ExecSurance ML is a management liability policy designed specifically for the needs of the modern day small- and medium-sized businesses. Brokers and their clients can pick and choose their basket of coverages including D&O, EPLI, fiduciary liability, cyber and privacy, crime, kidnap and ransom, loss mitigation, reputation and brand cover.

CFC has made a number of enhancements to the cover, including:

• EPLI insuring clause now includes “wage and hour” claims covering both defense and indemnity, with a maximum sublimit of $250,000
• Cover for third party discrimination claims and violations of the Immigration Reform Control Act included as standard
• Full entity cover under the D&O insuring clause
• Fewer and clearer exclusions

ExecSurance ML offers limits of up to $5 million to companies with up to 100 employees and revenues of up to $50 million, including both for profit and not for profit companies. ExecSurance ML will also consider start-ups including those operating within the high tech, social media and life science sectors.

CFC Underwriting is a Lloyd’s MGA that specializes in developing and distributing insurance products for specific niche markets. Based in London, CFC has clients in over 60 countries around the world and is backed by 22 Lloyd’s Syndicates.