Beazley Group Offering MLP Policy

Beazley Group plc (BEZ.L), an insurer of management liability risks, announced the availability of its new management liability package policy, BeazleyOne. This new policy combines employment practices, directors and officers and fiduciary liability coverage.

The package policy offers insureds a streamlined application and renewal process while maintaining flexibility. Insureds can purchase separate limits or combine limits for some or all of the coverages. Insureds also receive, at no additional cost, access to BeazleySource, an online risk management resource that offers loss prevention materials on all three coverages.

The BeazleyOne policy has enhanced coverage features including the ability to settle claims within the retention and nonrescindable coverage for nonindemnifiable claims against insured persons.

Product features include:

-- Beazley's new privacy extension to its Employment Practices Liability offering covers claims arising out of security breaches with respect to employees' information. The employment event extension provides employers with funds to hire professionals to help employees cope with certain major workplace events.

-- Directors and officers coverage offers a separate limit for insured persons as well as coverage for derivative demands and outside director coverage for those serving on non-profit boards.

-- Fiduciary covers claims arising from voluntary compliance programs sponsored by both the Internal Revenue Service and the Department of Labor.

"The BeazleyOne management liability package policy is a state of the art policy that allows insureds to customize coverage. The combination of the innovative coverage features along with BeazleySource's comprehensive risk management make this policy a true market leader," said Carrie Brodzinski, BeazleyOne product manager.