Post on 09-Jan-2020
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