Swiss Re Corporate Solutions expands its Executive Risk offering by launching SwissGuard, a multi-coverage, management liability policy designed for non-profit and private companies.
SwissGuard insures against Directors and Officers Liability, Employment Practices Liability and Fiduciary Liability for US-domiciled companies. It protects against claims derived from mergers and acquisitions activity, financial performance, employment matters and breach of fiduciary duty, among others. SwissGuard is available in all fifty states, including California. These products can be purchased individually or on a combined basis.
"The number and types of risks that companies face are on the rise – from investors to competitors to regulators to employment matters," states Paul Rodriguez, Head Executive Risk North America. "SwissGuard enables companies to better manage this increasing risk."
Through the purchase of Employment Practices Liability coverage, insureds gain access to employment practices risk management services, complimentary employment seminars and a call-in helpline.
Mr. Rodriguez adds, "We remain committed to building long-term relationships with our clients throughout their companies' lifecycles, including going public transactions. As evidence of our commitment, SwissGuard contains a Public Company Coverage Quote section built into our base form."
SwissGuard provides tailored coverage to companies across sectors, including manufacturing, professional services, healthcare, education and retail. This product can be issued on admitted or non-admitted paper.
Our offerings are underwritten on carriers licensed for the product and jurisdiction and range from standard risk transfer covers and multi-line programs, to highly customized solutions tailored to the needs of our clients.