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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Selective Insurance Group Inc | NASDAQ:SIGI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.18 | 2.22% | 100.25 | 100.13 | 102.78 | 100.78 | 98.87 | 98.87 | 364,510 | 01:00:00 |
The robust, modular-type policy provides flexibility in purchasing options and limits and can be tailored to each organization's unique coverage needs
BRANCHVILLE, N.J., Feb. 8, 2023 /PRNewswire/ -- Selective Insurance, a leading business insurance carrier, announced today an expanded management liability insurance suite, providing not-for-profit and private organizations broadened coverage and flexible enhancement options to help protect them and their leaders from costly litigation. The new coverage includes additional features in Directors & Officers Liability (D&O), Employment Practices Liability (EPLI), and Fiduciary Liability, such as defense costs outside the limits for not-for-profits, additional defense limits for private companies, automatic inclusion of 3rd party liability with EPLI, full prior acts coverage, and more.
"Not-for-profit organizations and private companies face daily challenges, from managing staffing issues and attracting and retaining experienced board members to maintaining budgets in the face of rapid inflation. In introducing these new features, we're trying to make sure that managing liability is one of the easier aspects of running a modern organization," said Jeff Weaver, Assistant Vice President, Management Liability Insurance, Selective Insurance. "Selective's enhanced suite of products provides additional flexibility and tailored solutions, helping not-for-profits and private companies better manage employment liability issues, protect leadership from litigation risks, and maintain their overall financial stability."
By keeping a pulse on societal shifts, Selective ensures broad protection for employee-related claims, management risk exposures, and how not-for-profits and private companies do business. Selective's management liability insurance products include the following industry-leading enhancements for not-for-profits and private companies:
Directors and Officers
Employment Practices Liability
Fiduciary Liability
To learn more, visit Selective's management liability insurance page.
About Selective Insurance
Selective Insurance Group, Inc. (Nasdaq: SIGI) is a holding company for 10 property and casualty insurance companies rated "A+" (Superior) by AM Best. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks and flood insurance through the National Flood Insurance Program's Write Your Own Program. Selective has been honored and awarded for its unique position as a leading insurance group and employer of choice, including listing in the Fortune 1000 and three consecutive years as a certified Great Place to Work®. For more information about Selective, visit www.Selective.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/selective-insurance-enhances-management-liability-coverage-suite-for-not-for-profit-organizations-and-private-companies-301742035.html
SOURCE Selective Insurance Group, Inc.
Copyright 2023 PR Newswire
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