Managing Management Liability Risk in Today’s Market

Berkley Select’s Vice President of Management Liability, Chris Zanchelli, was recently featured in Insurance Journal magazine, where he wrote as a subject matter expert, ‘Managing Management Liability Risk in Today’s Market.’

This informative read highlights several concerning trends that need to be carefully monitored within the D&O, EPL and fiduciary liability coverage lines ranging from Artificial Intelligence to Antitrust to ever-increasing defense costs.

After reading this piece, those in the Professional Liability space will learn:

• Factors impacting rate in the management liability insurance segment (right now there is more competition amongst carriers). But despite price competitiveness the quality and coverage offered by the carrier is what matters most.
• Claims are becoming more frequent, more expensive and insurance agents need to understand the changing management liability space. Berkley Select highlights several examples of risks agents and insureds need to keep an eye on in D&O, EPL and Fiduciary.
• An insurance company’s long-term focus and expertise in management liability along with a solid history of paying claims will serve clients well in the long-term. Agents and brokers should ensure they are staying abreast of the many factors impacting their clients, closely scrutinize the quality of coverage offerings available, and be aware of what tools are available to help their clients mitigate risks.
• Overall, in the overly competitive management liability market, agents will find the most success and provide the best service when they focus on coverage, claims expertise and risk management best practices over price.

Read the full article here.

Meet the Author

Chris Zanchelli joined Berkley Select as a public D&O underwriter in 2009 from the wholesale broker side of the business. Chris found his home on the Management Liability (ML) team in 2014 and has led a best in-class team with Berkley Select’s private and non-profit D&O, EPL, and Fiduciary product lines and is always -up-to-date as a subject matter expert on current risks and trends in the EPL and D&O market. Chris is well known in the ML space and mentor and friend to many in the industry.