"I'm delighted to launch this new product, it builds on the work we did last year in refreshing our product suite and demonstrates RSA Insurance's, and our parent Intact, commitment to continual improvement and fulfilling our customer’s needs."
- Matt Houghton, Head of Financial Risks at RSA Insurance
Directors’ & Officers’ (D&O) is a specialised insurance class protecting business owners, executives, and senior managers who can be held responsible for losses and legal costs stemming from management liability disputes.
This product is aimed at UK domiciled or headquartered companies, large domestic, and multinational businesses, private companies, with a turnover of over £250mn and publicly traded companies. RSA Insurance’s D&O product is now available to brokers via its Commercial Lines, Mid-Market business.
This announcement follows the launch of its new Management Liability product, in partnership with Q Underwriting. This product protects directors, officers, and the company from potential exposures caused by actions and decisions they’ve made on behalf of their organisation. With bespoke limits and enhanced cover, this product offers management protection including D&O, corporate liability, employment practice liability, and employee crime.
PIB Group brokers, including Cobra Network members, can access this product via an RSA delegates authority arrangement. They’ll aim at private limited companies and limited liability partnerships, such as care establishments, educational institutions, leisure & hospitality, and haulage, transport & motor trades.
READ MORE: RSA Insurance launch new Management Liability product in partnership with Q Underwriting
“We find ourselves living in a challenging and uncertain time. Senior management makes decisions daily that can be open to question at a future date. At its heart, a D&O policy is designed to protect and support these individuals, and the launch of this product means that we can now cover those that manage the largest companies,” explained Matt Houghton, Head of Financial Risks at RSA Insurance.
