RPS Launches New Management Liability Product for Private Firms

Risk Placement Services (RPS) announced a partnership with Fortegra Specialty Insurance Co. on Thursday to provide management liability coverage to private companies.

Source: RPS | Published on February 4, 2022

RPS, based in Rolling Meadows, Illinois, said in a statement that the coverage, which is available online, combines directors and officers, employment practices, and fiduciary liability coverages into a single policy. With a $4 million policy aggregate, limits of up to $2 million for D&O, $2 million for EPL, and $2 million for fiduciary liability are available.

Private companies with less than $250 million in revenue and fewer than 300 full-time employees that have been in operation for 18 months are eligible for coverage.

For qualifying risks, a standalone EPL option with complimentary Side A D&O coverage is also available. Management liability insurance is available in all 50 states.

“This new management liability product is the broadest private company D&O/EPL policy offered by RPS,” said Greg Seligman, RPS area vice president for executive lines. “Backed by RPS’s deep expertise in executive lines and the ability to swiftly receive quotes and coverage online, this new product gives small business owners the confidence and stability to continue serving their customers without disruption.”