management liability and professional lines - qbe insurance...

Management Liability and Professional LinesIntroducing The Solution for Family Office

Policy ConstructionEach family office is unique and we have designed our policy

so that our clients purchase only the coverages they need.

• GTC–GeneralTerms&Conditions

•FamilyOfficeLiabilityCoverage–providescoverageforFamily

OfficeServices(includingservicesperformedastrusteeofa

Trust),PrivateFundandFundManager

•Directors&OfficersandEntityLiability

•Not-For-ProfitOrganizationDirectors&Officersand

EntityLiability

•EmploymentPracticesLiability

•FiduciaryLiability

The Solution for Family OfficesOursimplifiedpolicyoffersthefollowingkeycoveragefeatures:

•FamilyOfficeServicesdefinedasanyadvicegivenorservices

performedforothersbyaninsured,oronbehalfofaninsured

byaserviceprovider,forafee,includingservicesperformed

as trustee of a trust

• FundServicesincludestheselection,review,analysisand

monitoringofotherfundsforinvestmentbyaPrivateFund

or the selection and oversight of outside service providers

andunaffiliatedinvestmentadvisersfororonbehalfofa

PrivateFund

• CompanyincludesanyFundManager,Trust,PrivateFund

and any entity which is a general partner or managing

memberofaPrivateFund

• Anon-rescindablepolicy

•Non-cancelablebyQBEexceptfornon-paymentofpremium

•Fullworldwidecoverage–wrongfulactsanywhere,claims

broughtanywhere

•Simpleclaimreportingrequirementswithnothreatof

aclaimdenialforlatenotice,unlessQBEismaterially

prejudiced

•Insuredhassettlementauthorityupto100%ofretention

•Nohammerclause

•Policyexclusionsappliedtolossonaccountofthatportion

ofaclaimandfullyseverable

•Nofeesexclusion

•Final,non-appealableadjudication–conductexclusion

•Advancementwithin60dayswithoutquestionwhenan

indemnificationrequestisunheeded

•Coverageforformalregulatoryproceedingsorinvestigations

•Automaticcoverageforacquisitionsandnewsubsidiaries

during the policy period

The Solution is available for publicly traded entities, private companies, non-profits and financial institutions. QBE’s management liability portfolio policy – The Solution – is a market-leading portfolio product that allows an entity to build an insurance program in one policy for all of its management and professional liability exposures. Coverages include Errors & Omissions Liability, Directors & Officers Liability, Employment Practices Liability and Fiduciary Liability.

The Solution for Family Office was specifically-designed to meet the management and professional liability needs of family offices, either single-family or multi-family.

Underwriting AppetiteAllrisksconsideredwithlimitsupto$10million.

Claims• In-house,dedicatedspecialtyclaimsadjustorswith

productexpertise,industryspecialization,anda

commitmenttosuperiorservicepre-lossandpost-loss

• Exclusivelegalpanelprovidesclientswiththehighest

quality legal advice

• Easyclaimreportingat

professional.liability.claims@us.qbe.com

Management Liability and Professional Lines (MLPL)• The Solutionisdesignedtobereadilyadaptableto

emergingbusinesstrends.ItsGeneralTermsand

Conditionssectionisuniformforallcoverageparts.

• Underwritersaverage20yearsintheMLPLspace

withindustryspecializationtohelptailorpoliciesthat

are right for each client.

• FindoutmoreaboutMLPLandfindourforms

at qbena.com/mlpl.

QBE North America OperationsAtQBE,we’remakingiteasierforproducerstoaccessour

peopleandourproductssotheycanmeetthespecialized

needsofthenichemarketsweserve.Here’show:

• Proprietaryproducts

• Superiortechnicalandunderwritingacumen

• Deepexpertisearoundriskmanagementneeds

ofspecificindustriesandcustomers

• Worldclassclaimsservicing

QBE Insurance Group

16851-SHEET(10-17)

QBE North America is a division of QBE Insurance Group Limited, one of the world’s largest insurance and reinsurance companies.

We are rated A+ by Standard & Poor’s and A (Excellent) by A.M. Best.*

Located in 37 countries with over 14,000 employees worldwide, we are considered a leading underwriter within our chosen markets.

We are able to profitably meet the local and multinational risk management needs of commercial customers who trade on a global basis.

Ranked on Forbes Global 2000 list of public companies and, in 2016, had a worldwide gross written premium of $14.4 billion.

*Learnmoreaboutratingsguidelinesatstandardandpoors.com and ambest.com. QBEandthelinkslogoareregisteredservicemarksofQBEInsuranceGroupLimited.AllcoveragesunderwrittenbymembercompaniesofQBE.©2017QBEHoldings,Inc.

Cara Sweeney AVP,FinancialInstitutions cara.sweeney@us.qbe.com 212.805.9796

Dennis Kearns SVP,FinancialInstitutions dennis.kearns@us.qbe.com 646.341.8022

Jose Lopez AVP,FinancialInstitutions jose.lopez@us.qbe.com 770.226.1893

Marc Tauber VP,FinancialInstitutions marc.tauber@us.qbe.com 646.341.8047

Mackenzie Parke SeniorUnderwriter, FinancialInstitutions mackenzie.parke@us.qbe.com 646.341.8081

Stacey Meade VP,FinancialInstitutions stacey.meade@us.qbe.com 312.803.3504

Sharon Raksnis VP,FinancialInstitutions sharon.raksnis@us.qbe.com 212.894.7893

QBE North America55 Water Street New York, NY 10041Tel: 212.422.1212qbena.com