NSI Insurance Group has launched a proprietary directors and officers (D&O) product for micro and small-cap companies.
The service, developed in partnership with Global Specialty Insurer, provides micro-cap coverage enhancements to publicly traded companies with market capitalisations of US$300 million or less.
The product includes Excess Side A Only coverage, which does not share the limits of the primary ABC, providing executives with an extra layer of protection against personal liability.
It also offers an Individual Extended Reporting Period (ERP) for claims made after the policy period expires and allows executives to mitigate the risk of unforeseen liabilities even after the policy has lapsed.
Jason Bishara, leader of financial practice at NSI Insurance Group, comments: “NSI’s premier tier 1 micro-cap solution is aimed to reduce costs, increase coverage, and protect the personal assets of the executives and board members.
“Having the ability to provide an admitted D&O product alongside cyber, employment practice liability, crime, and fiduciary liability coverage, NSI gains a competitive advantage in the market, providing our clients with tailored solutions to holistically protect their unique risks.”
