Business Risk Partners & Praetorian Financial Group Launch D&O Products Targeted At Small and Middle Market Firms.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Business Risk Partners and Praetorian Financial Group are pleased to announce the launch of two new insurance products: Private Accord and Excess Guardian. Private Accord is a Directors and Officers liability package product for small and middle market firms. Offering D&O liability coverage as well as Employment Practices Liability Insurance and Fiduciary fiduciary (fĭd  `shēĕ'rē), in law, a person who is obliged to discharge faithfully a responsibility of trust toward another. Liability coverage, it's
available for commercial companies with revenues up to $200 million and
with an employee count up to 2,000. Excess Guardian is a new, innovative
umbrella product designed to provide excess over Private Accord and
other specialty coverages. Excess Guardian provides insureds with
seamless excess protection in an efficient, cost-effective manner.
Business Risk Partners (BRP BRP Bombardier Recreational Products, Inc. BRP Blue Ribbon Panel BRP Bioengineering Research Partnership BRP Business Resumption Plan BRP Business Recovery Plan BRP Bathroom Privileges BRP Bronx River Parkway (New York) ) has already established itself as a leading provider of Errors and Omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. (E&O) insurance protection for middle market businesses distributed through agents and brokers nationwide. Praetorian Financial Group's financial strength and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. management partnered with the underwriting expertise, distribution, and world-class service of BRP, offers a powerful combination. "Small and middle market firms are facing increased exposures to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , particularly in the employment field. These firms may not have the resources to manage the complex litigation stemming from these areas. These products offer economic protection in a comprehensive, simplified manner that allows business owners to focus on the task of running their enterprise," commented Lisa Doherty, President of Business Risk Partners. Laurie Banez Lopes, Senior Vice President and Management and Professional Liability Practice Leader for Praetorian noted, "Praetorian is committed to delivering comprehensive, specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. management liability products that are backed by our strong underwriting expertise, financial strength and claims paying ability. The needs of the middle market insured are not always met by the broader marketplace. By developing a tailored product, with a flexible approach to coverage selection and limit options, we believe that these product offerings allow our insureds and agents to structure an insurance program that delivers their insurance coverage needs. BRP's established presence in this segment and commitment to service will give agents a quality product offering for their clients." The policies are available immediately nationwide on a non-admitted basis. Filings are underway to offer the coverages on an admitted basis. Capacity of up to $5,000,000 is available. Product details, as well as an application for coverage, can be found at www.BusinessRiskPartners.com About Praetorian Financial Group, Inc. The Praetorian Financial Group is a leader in the specialty insurance business, focusing on distinct niches within the market. The Group's insurance subsidiaries, Praetorian Insurance Company, Praetorian Specialty Insurance Company and Redland Insurance Company, are rated "A-" (Excellent) by A.M. Best and "A" (Strong) by Standard & Poor's. Headquartered in New York, Praetorian Financial Group is a subsidiary of Hannover Re Hannover Re (FWB: HNRGn), in German Hannover Rückversicherung AG, with gross premium of around €9 billion in 2006, is one of the five largest reinsurance groups in the world. Its headquarters are in Hanover, Germany. , one of the largest reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. groups in the world, and has branch offices in Illinois, Kansas, Tennessee, and Nebraska. Praetorian partners with leading specialty insurance general agents throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . About Business Risk Partners Business Risk Partners (BRP) is a specialty insurance underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. providing professional and management liability solutions nationally to middle market insureds through a network of independent insurance agents and brokers. BRP's team of experienced underwriting professionals and web-based technology provide responsive service and quality products to valued agents and brokers in partnership with leading insurance carriers. BRP is located in Windsor, CT. For more information visit, www.BusinessRiskPartners.com. |
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