New AXIS Insurance Management Liability Policy Targets Private Companies

AXIS Capital Holdings Limited’s AXIS Insurance has launched AXIS Privatus Platinum, a new modular management liability policy designed to offer flexible insurance options for managing the changing needs and risks that privately held companies face in today’s complex legal and economic environment.

AXIS Privatus Platinum includes AXIS Insurance’s exclusive cybersecurity and breach response coverage – “PrivaSure” – as well as the ability to select from up to five additional coverage areas: management and entity liability, fiduciary liability, employment practices liability, workplace violence, and crime. Private companies can secure any or all coverage parts on a separate or shared-limits basis. The policy is currently admitted in 44 states.

“From cybersecurity to workplace violence, private businesses face a growing list of emerging and traditional risks that require a new, more flexible approach,” said Mark Paccione, executive vice president at AXIS Insurance.

AXIS Insurance provides property & casualty, professional lines, terrorism, marine, energy, aviation, credit & political Risk, environmental, accident & health coverages and other customized insurance coverages. Products are offered through distribution partners, which include wholesale brokers, retail brokers and designated managing general agents/underwriters (MGAs/MGUs) in the U.S. and abroad.