Amwins Launches New Management Liability Program
Amwins Special Risk Underwriters (SRU) has launched a new Management Liability program tailored for its Amwins brokers, focusing on coverage for directors and officers, employment practices liability, fiduciary responsibility, and crime protection for private and not-for-profit organizations.
This strategic addition complements SRU's existing offerings by providing more comprehensive management liability solutions for entities with revenues up to $150 million and fewer than 250 employees. Issued on "A+" rated paper, the program offers policy limits up to $5 million across primary and excess layers. It includes enhancements such as antitrust coverage, Side-A coverage, wage and hour protections, and safeguards against social engineering fraud. Targeted sectors include hospitality, contracting, professional services, technology, automotive sales, and transportation.
Available exclusively to Amwins brokers, this Management Liability program demonstrates SRU’s commitment to delivering tailored solutions under Amwins’ network. Established in 2008, SRU acts as Amwins' in-house Managing General Agent, developing exclusive products in partnership with carriers rated “A-” or higher by AM Best. With the support of an internal actuarial team, SRU confidently manages risk analysis and pricing for its 14 specialized products. Amwins, headquartered in Charlotte, North Carolina, is a major player in specialty insurance distribution in the U.S., managing over $49 billion in annual premiums through its extensive network of more than 138 offices worldwide.
Key Features of the Management Liability Program
- Targeted Industries: Hospitality, contracting, professional services, technology, automotive sales, and transportation.
- Coverage Enhancements: Antitrust and Side-A coverage, protection against social engineering fraud, and wage/hour coverage.
- Eligibility: Entities with up to $150 million in revenue and fewer than 250 employees.
- Policy Limits: Up to $5 million for primary and excess layers.