If you are always looking for ways to provide additional benefits to your employees, without necessarily incurring additional cost... Listen up. Group Personal Excess Liability is a comprehensive benefit for executives, managers, key personnel and other employees. It provides up to several million dollars in excess personal liability coverage for each employee in a group. This helps to protect staff members' personal assets, and provides a competitive price that they may not be eligible for on their own.
Here are some of the benefits of Group Personal Excess Liability:
- It is truly a group policy. Underwriting looks at the group as a whole. No individual will be declined or individually underwritten.
- Employees will have access to higher limits than they might qualify for on their own.
- Policies can be structured so that different classes of employees have different limits, or choose one limit for all.
- Worldwide coverage
- All dependents/relatives covered (subject to definition)
- Coverage extended to not-for-profit directorship
- Coverage cannot be canceled due to claim history
These are just a few of the reasons you should consider Group Personal Excess Liability for your organization. Call Michelle Keller today to explore your options and determine if it's right for you.
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