CFC launches management liability product for US SMEs
CFC has introduced a new management liability solution designed for small and mid-sized businesses in the US, focusing on the operational and personal risks faced by private company leaders.
The product offers modular coverage written in simplified language and includes executive reputation protection, cyber coverage for directors and officers’ personal exposures, expanded employment practices liability, and comprehensive crime protection. The solution also allows standalone crime coverage and is intended to give SMEs flexibility to select and pay for only the protections they need, as regulatory scrutiny, economic pressure, and litigation risks increase.
“Management liability can be a tricky product to sell to smaller enterprises. In an environment shaped by ongoing geopolitical shifts, tightening regulatory requirements, and increasing economic instability, SMEs are facing a broader and more complex set of exposures than ever before. Yet policies are often filled with technical jargon and built with larger organizations in mind, making it hard for brokers to translate these risks into something relatable for their SME clients.” – Melissa Kozera, CFC’s US Management Liability Team Leader.
