NAS Insurance has re-entered the employment practices liability insurance market with a new three-in-one management liability product for small to mid-size businesses.
The new NAS’ Management Liability policy will offer EPLI, directors & officers liability and fiduciary liability coverage options for companies with up to 50 employees.
NAS Chief Underwriting Officer Mike Palotay said Michael Kinsley has joined the firm to help drive the product forward. Michael Kinsley was appointed AVP, Specialty Underwriting, for the new Management Liability suite of products.
NAS stepped out of open market distribution of EPLI in 2016, though it continued to write this product on a reinsurance and buy-up basis for other carriers that wanted coverage for their professional liability or BOP policies. According to the company, as these programs continued to run well and the market hardened for EPL and D&O coverage, NAS decided to return to the open market with a focus on providing a full complement of management liability products for businesses with under 50 employees.
NAS policyholders will also have access to risk management services that provide unlimited phone support for HR-related issues and online access to training and other resources to help businesses avoid employment and D&O claims.
NAS Insurance is a full-service specialty insurance underwriting manager that provides product development, underwriting, marketing, risk management, and claims handling services for a broad range of specialty products that are distributed as both insurance and reinsurance products.
Topics New Markets
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