NSI Insurance Group Launches Proprietary Directors and Officers (D&O) Product
2024年5月22日 - 4:44AM
ビジネスワイヤ(英語)
The specialized product safeguards both
publicly traded microcap companies and the executives who operate
them
NSI Insurance Group, an independent insurance firm with clients
in 50 states and over 100 countries, has announced the launch of a
proprietary product for micro/small-cap companies aimed to address
the unique challenges these companies encounter and ensure the
protection of directors & officer’s personal assets. Written in
partnership with a respected and well-capitalized Global Specialty
Insurer with a rating from AM Best A+ (Financial Size XV), NSI’s
Proprietary Microcap Product provides comprehensive and
cost-effective ‘micro-cap’ coverage enhancements to publicly traded
companies with market capitalizations of $300,000,000 or less.
Micro-cap companies often face challenges due to their size and
risk factors, making it difficult to secure coverage as insurers
are cautious about capital, stock volatility, governance issues,
and fraud risks associated with these companies. The significant
challenges these companies face include high insurance costs that
strain finances and time-consuming insurance acquisition that
diverts valuable resources from core business activities. In
addition, today’s litigious business environment fuels the need for
personal liability of the executive management team. NSI Insurance
Group's Proprietary Microcap Product solves these challenges facing
microcap companies by providing a cost-efficient process, enhanced
coverage, and tailored policies to safeguard personal and
professional interests.
- Cost Efficiency: The product is written on admitted
paper, which means no additional fees or taxes, making it a
cost-effective option for micro and small-cap companies.
- Enhanced Coverage: The product includes Excess Side A
Only coverage. This Excess Side A Only limit does not share in the
limits of the primary ABC, providing executives with an extra layer
of protection against personal liability.
- Tailored Tail Policy: The product offers an Individual
Extended Reporting Period (ERP), which provides coverage for claims
made after the expiration of the policy period which allows
executives to mitigate the risk of unforeseen liabilities even
after the policy has lapsed.
“NSI’s premier, tier 1 microcap solution is aimed to reduce
costs, increase coverage and protect the personal assets of the
executives and board members," said Jason Bishara, NSI Insurance
Group’s Financial Practice Leader. “Having the ability to provide
an admitted D&O product alongside Cyber, Employment Practice
Liability (EPLI), Crime, and Fiduciary Liability coverage, NSI
gains a competitive advantage in the market, providing our clients
with tailored solutions to holistically protect their unique
risks.”
As a global leader in the insurance sector, NSI specializes in
providing Outsourced Risk Management Solutions to publicly traded
companies covering Executive Risk, Operational Risk, and
Executive/Employee benefits. The firm is uniquely positioned to
provide specialized products, service, guidance, and support
tailored to public companies with market caps under $300 million.
As trusted advisors, NSI comprehensive executive risk management
program for microcaps with one easy and cost-effective
solution.
To learn more about the Proprietary Microcap Product and how it
can benefit your business, contact NSI Insurance Group at
305-556-1488 or visit https://nsigroup.org/ for more
information.
About NSI Insurance
Group
Founded in 1958, NSI Insurance Group provides insurance and risk
management advice to families and business owners to help them
mitigate their risk exposure. The firm has clients in 50 states and
in more than 100 countries around the world. A member of the
Assurex Global network, NSI has a deep-rooted rapport with
carriers, allowing the firm to deliver innovative and complete
insurance solutions, conduct market research and provide risk
management advice. The company integrates an entrepreneurial
approach to provide clients with the expertise of a large
institution with the personalized attention of a specialized firm.
NSI has earned multiple awards recognizing its strategic growth,
employee engagement programs, and customer service, including NU
Agency of the Year in 2022, South Florida Business Journal’s 2024
Business of the Year finalist, and “Best Practices Agency”, placing
the firm among the top 10 percent of agencies nationally and making
it one in Florida to earn the distinction for eight consecutive
years. Headquartered in Miami Lakes, the firm has over 150
employees. For more information, visit, https://nsi.group/
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Ivanna Agudo, ivanna@schwartz-media.com, 305.450.1445 Reilly
Lockwood, reilly@schwartz-media.com, 508.808.1202