Allied World Assurance Co. Holdings Ltd. announced the release its new ForceField management liability product suite.
ForceField offers six coverage components with the option to purchase separate standalone products or a complete insurance package. ForceField's coverage elements include D&O liability, employment practices liability, fiduciary liability, employed lawyers coverage, crime coverage and kidnap & ransom/extortion coverage.
Package products are available to private companies and not-for-profit organizations. The packages allow organizations to select the coverage elements for their particular needs with the option of choosing separate or shared limits among these coverages.
"We expect ForceField to quickly become the cornerstone of our management liability product portfolio," said Gordon Knight, president, Allied World U.S. "This product suite enables us to greatly expand the insurance solutions that we can offer our brokers and their customers."
Worldwide coverage of up to $25 million in limits is available for each individual coverage section.
"ForceField will give our clients and brokers access to essential elements of coverage that enables us to customize solutions to suit a client's particular needs," said Christian Gravier, SVP of Allied World Private/Not-For-Profit/Public Company Micro Caps Management Liability Unit. "With this product we bring together our underwriting expertise, a broad appetite, and industry-leading risk management and claims services to provide management liability protection that is far stronger than the sum of its parts."
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