Media Contact:
Sara Carlson
630.605.6935
sara_carlson@rpsins.com

ROLLING MEADOWS, IL — February 3, 2022 - E&S wholesale broker and managing general agency Risk Placement Services (RPS) today announced the launch of a new management liability product with carrier partner Fortegra Specialty Insurance Company.

Available to quote-bind-issue online in just two minutes through RPS's Small Business Platform, Management Liability combines Employment Practices (EPL), Directors and Officers (D&O) and Fiduciary liability coverages in a single policy. It is designed for private companies that have been in operation for at least 18 months, with less than $250 million in revenue and less than 300 full-time employees.

Greg Seligman, RPS Area Vice President, Executive Lines, said: "This new management liability product is the broadest private company D&O/EPL policy offered by RPS. Backed by RPS's deep expertise in Executive Lines, and with the ability to swiftly deliver quotes and coverage online, this new product gives small business owners the confidence and stability to continue serving their customers without disruption."

Highlights of Management Liability include:

  • Fair Labor Standards Act (FLSA) defense sublimit of $100,000
  • Industry-leading conduct exclusions favorable to insured
  • Fully non-rescindable
  • Full severability of the application and all exclusions
  • No antitrust or unfair trade practices exclusion

Additionally, the product offers qualifying risks a standalone EPL option, enhanced with complimentary Side A D&O coverage.

Management Liability is available in all states.

Fortegra Specialty Insurance Company holds an A- rating from A.M. Best.

About Risk Placement Services

Risk Placement Services (RPS) is one of the nation's largest specialty insurance products distributors, offering valuable solutions in wholesale brokerage, binding authority, programs, and standard lines, plus specialized auto through its Pronto Insurance brand. Headquartered in Rolling Meadows, Illinois, RPS has more than 80 offices nationwide. For more information, visit RPSins.com.

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