CorPro Underwriting Managers (“CorPro”) today announced the availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (Directors and Officers, Employment Practices, Fiduciary and Crime insurance coverages) offered to SME businesses on a national basis on behalf of American International Group, Inc. (AIG). Since 2014, CorPro has partnered with AIG to provide a centralized access point for private company and not-for-profit management liability coverages for a broad spectrum of U.S. businesses and industry segments with revenues up to $50 million.
New and renewal policyholders that satisfy underwriting qualifications will now be offered competitive Wage & Hour (FSLA) defense costs coverage, deletion of the Antitrust exclusion, expanded Crisis Management protection, a 50% one year pre-set discovery option, and enhanced allocation and duty to defend policy provisions under the updated CorPro Amendatory 2.0 endorsement.
Reza Khan, CorPro’s President and CEO, commented, “We’ve collaborated very closely with key insurance brokers and AIG’s underwriting leadership team to deliver what we believe will be viewed by the marketplace as some of the most competitive management liability coverages available for SME businesses in the U.S.”
For product offering and CorPro’s capabilities inquiries, please contact:
Sandra Revueltas, Assistant Vice President, CorPro Underwriting Managers
(646) 871-8335 or sandra.revueltas@corproum.com
About CorPro Underwriting Managers
CorPro Underwriting Managers is a series of RSG Underwriting Managers, LLC. RSG Underwriting Managers, LLC is a Delaware series limited liability company and a subsidiary of Ryan Specialty Group, LLC, specializing in underwriting management and other services for insurance products distributed through agents and brokers. Some products may not be available in all states or may be available only from surplus lines insurers. In California: RSG Insurance Services, LLC License # 0E50879 ©2018 Ryan Specialty Group, LLC.
Additional information about CorPro Underwriting Managers can be found at www.corproum.com.