Management Liability
Aspera writes hard-to-place Directors and Officers, Employment Practices Liability, Fiduciary Liability, and School Board risks. We target risks that have been non-renewed, located in a difficult legal venue, have poor loss history, have unique operational characteristics, or that are new in business.
Target Classes
Directors & Officers Liability (D&O)
- Available for private companies and non-profits
- Cannabis
- Cultivation
- Dispensaries
- Product manufacturers & others
- Retail stores
- Liability coverage for executives, board members, the organization (and subsidiaries), employees, and more
Employment Practices Liability (EPL)
- Cannabis
- Cultivation
- Dispensaries
- Product manufacturers & others
- Retail stores
- Protection from financial damage associated with employment-related claims
Fiduciary Liability
- Protects Employee Retirement Income Security Risk Act (ERISA) exposures of fiduciaries from breach of duty in management of designated plans
- Includes the named organization (and subsidiaries), the sponsored plan, and other insured persons
- Extends to Employee Benefit Liability for acts, errors, and omissions associated with plan administration
Private Educational Institution (School Board)
- Eligible risks include K-12
Availability
- Arizona
- California [Lic. 0K86725]
- Colorado
- Florida
- Maine
- Michigan
- Nevada
- Oregon
- Texas
- Virginia
- Washington
Company Highlights
Here are a few services you can expect when working with us:
- Quick responses and quotes, often within 24 hours
- 12.5% commission on new and renewal commercial accounts
- 24-hour policy issuance
- Policies written through a non-admitted carrier with a financial strength rating of A (Excellent) by A.M. Best
Submission Requirements
- Application (signed and dated) and appropriate supplemental application
- Five-year currently-valued loss runs
- Copy of license
- Copy of current declaration page