Management Liability

Directors and officers may be held personally liable for their actions and decisions due to a wide range of exposures.

Employers are currently facing an unprecedented amount of workplace challenges. These challenges evolve every day and expose them to a variety of employment related issues.

Competitive benefit programs are a must, Fiduciaries are liable for decisions they make as they navigate through the confines of ERISA.

Management Liability policies created by RSUI help protect the personal assets of insured persons and the assets of the insured organizations for which they serve.


RSUI offers Directors & Officers, Employment Practices, and Fiduciary Liability products for:

  • Non-Profit organizations
  • Public officials / public entities
  • Privately-held corporations
  • Publicly-traded corporations

Policies are written on a primary or excess basis.

Common risks we cover are as follows:


Non-Profit

  • All types of entities, both large and small, including: healthcare, educators, public officials and "program business"
  • Primary and Excess Limits: $20,000,000
  • Available with either a combined single aggregate limit of liability or separate aggregate limits for each coverage part

Private

  • Specialize in "tough to place" business that requires creative underwriting and expertise
  • No class restrictions; however, Banks and For-Profit Colleges/Universities are written on an excess-only basis
  • Primary Limits: $10,000,000
  • Excess Limits: $20,000,000
  • Available with either a combined single aggregate limit of liability or separate aggregate limits for each coverage part

Public

  • All market caps including many of the "Fortune 1000's"
  • Our Portfolio has a wide assortment of risks and includes "tough-to-place" accounts and those needing additional capacity
  • Mainly an Excess Player
  • Excess Limits: $20,000,000

Additional Information

  • We can offer Lead Side A DIC policy for organizations
  • We can offer a Portable Individual Side A D&O policy (PIDO)
  • We can offer "Top Heavy" excess limits on Non-Profit and Private Risks

Policies can be written on a primary or excess basis. Limits can be combined or written as separate aggregates.


Management:

Ed Talarico | Senior Vice President, Management Liability Manager

Edward Talarico is currently SVP of Management Liability Underwriting at RSUI and joined the company June 1st of 2016.

Prior to joining RSUI, Ed had overall management responsibility for AXIS Commercial Management Solutions, which consists of four regional underwriting teams throughout the U.S. that specialize in providing Directors & Officers, Employment Practices, Fiduciary, Crime, Private Equity/Venture Capital and other customized insurance coverages for public, private and non-profit organizations. He led AXIS Insurance’s Commercial Management Solutions unit, formerly known as Financial Insurance Solutions (FIS), from April 2010 to May 2016. Before this role, Ed held Professional Lines home office and FIS regional management positions. Prior to joining AXIS, he served as Senior Vice President and New York Regional Manager for Kemper Financial Insurance Solutions before that operation was acquired by AXIS through a renewal rights transaction in February of 2003. Ed was part of a core group that had worked together at Kemper FIS since 2000 when that operation was first established. He also previously held various underwriting and management positions within the New York Region of Chubb’s Executive Protection Department where he began his career.

Ed has over 25 years of professional lines insurance experience and he is actively involved in the Professional Liability Underwriting Society (PLUS). He was a Director of the PLUS Foundation from 2007-2015 and was also a Trustee of the PLUS Board from 2009-2014.

Ed graduated from Syracuse University in 1992 and lives in Atlanta with his wife, Marci and their three children.