BRP Teams with Validus Specialty to Bring You Broad Coverage with Exceptional Service

The VALIDUS AlphaPack Commercial Management Liability Policy (D&O/EPL/FID/Crime/Cyber) Small & Middle Market business underwritten exclusively by BRP!

BUSINESS RISK PARTNERS has joined forces with Validus Specialty (Stratford Insurance Company – A XV Admitted) to bring you a comprehensive insurance product with exceptional service and responsiveness. Our team of seasoned underwriters, with a deep understanding of exposures, can provide you with creative underwriting for challenging risks. These can include difficult claims activity, poor financials, ESOP’s, startups, auto dealers, restaurants, hospitality/hotels, complex real estate and more!

Our target market is for risks with up to $250 million in assets and 5,000 employees. We can provide up to a $5 million limit per coverage section, on either a shared or separate limit basis.

Policy Highlights

  • Policy can be “Indemnity with option to tender defense” OR “Duty to Defend”
  • $1 million of additional defense expenses that sits over all coverage sections
  • Policy Form (drafted in 2017) contains all current state of the market definitions, modifications, and available sub-limits
  • Claims are reported to Validus Specialty and are handled by an in-house Validus Specialty team

Coverage’s may include:

  • Crisis Management
  • Retired Independent Director
  • Jobs Act
  • Wage & Hour Defense Costs
  • Immigration
  • Violations of Employee Privacy
  • Workplace Violence
  • Training Costs
  • Fiduciary Penalties (5 types)
  • Settlor Coverage
  • ESOP’s
  • TCPA
  • FCPA
  • Regulatory
  • Social Engineering

Noteworthy Recent Successes

· FITNESS (Training, Licensing, Media, Competitions): $107M Revenues / 1,250 CA Employees – Separate Limits Bound: D&O $5M/$100K, EPL $5M/$100K, FID $5M/$0K – $15M aggregate @ $92,088

· AIRLINE (Just emerging from bankruptcy): $82M Revenues / $74M Assets / 206 Employees – Separate Limits Bound: D&O $2M/25K, EPL $1M/$25K (no 3rd party), FID $1M/$0K – $4M aggregate @ $29,247

· APPLICATION DEVELOPER (“Tail Only” coverage – no prior coverage purchased, but required for an acquisition/transaction) – Bound: D&O $2M/$25K – 6 year ERP @ $33,398

Call your BRP representative for details:

Seth B. Brickman, CPCU, RPLU
Management Liability Product Manager
phone: 860-903-0013
Mark Wilson
Director of National Sales
phone: 860-903-0037

Stephen Brault Director of Broker Relations phone: 860-903-0017

Mark Wilson Director of National Sales phone: 860-903-0037

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