Templar Specialty Innovates Executive Liability Coverage for Firms
Expanding Horizons in Executive Liability Insurance
Product expansion enhances Templar Specialty's Executive Shield program
Templar Specialty has taken a significant step forward in the insurance sector by expanding its executive and professional liability coverage. This includes the introduction of excess and A-side Directors & Officers coverage tailored specifically for public companies. This latest development comes on the heels of the notable success of Templar Specialty's Executive and Professional Shield, a comprehensive suite started in 2022 that covers various aspects such as D&O, Employment Practices Liability (EPL), fiduciary crime, and miscellaneous errors and omissions for the not-for-profit and private sectors.
A Vision Driven by Expertise
Founded by industry experts Matt Tusinski and Nick Denges, Templar Specialty is dedicated to providing innovative solutions in executive and professional liability coverage. Their offerings can be structured either on a primary or excess basis, and they can be packaged as a standalone policy or combined into a comprehensive coverage package. This flexibility ensures that clients can choose from a wide range of limits and retention options to cater to their unique needs.
“Our team is thrilled to deliver our expertise to the public company landscape, where there's a pressing demand for reliable capacity partners that respond swiftly and efficiently,” said Tusinski, Templar Specialty's President and Managing Director. “This expanded offering signifies an essential progression for Templar, showcasing our steadfast commitment to our broker networks and embodying our growth strategy in the executive liability market.”
Navigating Through Change
The timing of this expansion is particularly pertinent, given the current landscape of regulatory transformations, market fluctuations, and evolving international business practices. In fact, there has been a notable increase in securities class action filings, marking the second consecutive year of growth. This highlights the necessity for robust liability coverage in these challenging times.
The Templar Specialty Advantage
Templar Specialty doesn’t just offer coverage; it provides peace of mind. The insurance solutions are crafted to meet the complexities faced by organizations today. As companies navigate a landscape fraught with potential liabilities, Templar's innovative products stand out as essential tools in effective risk management. Their commitment to combining solid underwriting practices with a deep understanding of market demands positions them as leaders in the field.
For those interested in learning more about Templar Specialty's offerings or wish to engage with the company, visit TemplarSpecialty.com for comprehensive insights and guidance on becoming an appointed partner.
About Templar Specialty
Templar Specialty prides itself on two decades of exemplary underwriting and product innovation. They focus on the specialized risk management needs of private organizations and non-profit entities. The Executive Shield program is designed to deliver robust insurance solutions, which encompass Directors and Officers, Employment Practices, Fiduciary Liability, and Crime insurance.
About Mission Underwriters
Mission Underwriters is a forward-thinking underwriting platform that champions technology and innovative practices. They provide unique opportunities for entrepreneurial underwriting teams primarily in commercial insurance lines. If you're interested in launching your own program with Mission, learn more at their website.
Frequently Asked Questions
What is the new offering from Templar Specialty?
Templar Specialty has expanded its executive liability insurance, including excess and A-side Directors & Officers coverage specifically for public companies.
Why is this expansion significant?
This expansion addresses a significant need in the market for quick-response capacity partners that can manage the evolving risks faced by public companies.
Who are the founders of Templar Specialty?
Templar Specialty was founded by Matt Tusinski and Nick Denges, who bring extensive industry expertise to the company.
What types of coverages does Templar offer?
The company offers a variety of coverages including Directors and Officers, Employment Practices Liability, fiduciary liability, and crime insurance.
How can companies learn more about Templar Specialty?
Interested parties can visit TemplarSpecialty.com for more information and guidance on engaging with the company.
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