RICHMOND, Va.--(BUSINESS WIRE)--Kinsale Insurance Company announced the formation of their new Management Liability Division. The Division’s initial products are Employment Practices Liability (For-Profit/Non-Profit) and Directors & Officers Liability (Non-Profit only). Per Clay Rhoades, Kinsale Vice President, “These products are the first of many products that we have planned for our new Division.”
Kinsale targets hard-to place/distressed accounts that may have a poor loss history, problematic financials, or that operate in tougher industries. Employment Practices Liability classes include bars/taverns, car dealers, law firms and many other industries. Directors & Officers classes include political organizations, social services, schools and many other classes.
Coverage is written Non-Admitted on a Claims-made and Reported coverage form. Additional coverage options may be available for third party discrimination, wage & hour defense, punitive damages and more, with coverage customized to fit individual accounts. Prior Acts can be considered on most accounts.
Kinsale Insurance Company is a wholly owned subsidiary of Kinsale Capital Group, Inc. The company specializes in excess and surplus lines property, casualty and specialty insurance. Kinsale is headquartered in Richmond, VA. and is eligible in all fifty states and the District of Columbia. A. M. Best has assigned Kinsale a Financial Strength Rating of A- (Excellent). Kinsale’s Financial Size Category is Class VIII.