Templar Specialty Broadens Scope of Executive Liability Insurance for Public Companies

Templar Specialty, a prominent player in the liability insurance sector, recently announced an expansion of its executive and professional liability insurance offerings, which now includes excess and A-side Directors & Officers (D&O) coverage tailored specifically for public companies. This development follows the positive response to the company's initial roll-out of the Executive and Professional Shield program, which was launched in 2022 and encompasses various coverages designed for the nonprofit and private sectors.

Founded by insurance experts Matt Tusinski and Nick Denges, Templar Specialty aims to provide robust insurance solutions that meet the specific needs of today's dynamic business environment. Their executive and professional liability coverages are designed to be both comprehensive and customizable, available on both primary and excess bases. These coverages can be purchased as standalone policies or combined into a cohesive, package offering, providing clients with a multitude of limit and retention options.

The Executive Shield program has been particularly well-received, presenting a simplified excess form alongside an extensive standalone A-side DIC (Difference in Conditions) policy. This approach not only enhances the protection afforded to executives but also streamlines the process for policyholders who may be navigating complex insurance landscapes.

"We are excited to bring our depth of knowledge and industry experience to serve the public company market where there is a clear need for capacity partners who are both trusted and able to act quickly," stated Tusinski, who serves as both President and Managing Director of Templar Specialty. According to Tusinski, this expansion signifies an important milestone for the company and reaffirms its commitment to its broker partners. Templar Specialty is intent on growing its footprint in the competitive executive and professional liability market.

This strategic development occurs at a time when businesses are facing substantial regulatory shifts, increased market fluctuations, and evolving international business practices. Notably, the year 2024 saw a rise in securities class action filings, marking the second year in a row that such cases have increased. This trend underscores the necessity for adequate executive protection in today's risk-prone corporate environment.

Templar Specialty's Executive Shield program is built on a foundation of two decades of successful underwriting, product innovation, and an acute understanding of the marketplace. The firm specializes in addressing the unique risk management needs of private and nonprofit organizations, with its portfolio including Directors and Officers, Employment Practices, Fiduciary Liability, and Crime insurance products.

Furthermore, Templar Specialty operates under the umbrella of Mission Underwriters, a property and casualty underwriting platform that focuses on harnessing technology to empower entrepreneurial underwriting teams, especially in the commercial lines segment. Companies interested in exploring partnership opportunities are encouraged to visit both TemplarSpecialty.com and missionunderwriters.com for further information.

In conclusion, the expansion of executive and professional liability insurance options to include public companies not only reflects Templar Specialty's commitment to addressing the complexities of today’s industry challenges but also serves as a crucial resource for businesses striving to navigate an increasingly complicated regulatory landscape. As the company continues to innovate and adapt, those looking for reliable insurance solutions can look forward to the evolving offerings from Templar Specialty.