Pen launches new D&O product

Published On : 08 May 2017

When it came to reviewing, renewing and relaunching our Directors’ & Officers’ proposition to best protect individuals — coupled with our wider suite of flexible Management Protection products to safeguard companies’ financial stability — we were adamant about one thing: the need to prioritise personal service.

At the end of the day, we know what matters to brokers is Pen Underwriting being easy to do business with, as well as delivering a great product.

So what can Pen’s new D&O offering provide that others may not?

- Tailored wordings for your different client groups — for example, for charities & not-for-profit organisations; for solicitors; and for private companies.

- Wide range of cover extensions, provided at no additional cost — such as pollution defence costs (D&O) and social media and contractual liability defence costs (corporate liability) with the option to increase individual levels of indemnity, and provided on an Any One Claim basis, enabling your clients to buy a programme of cover truly tailored to their needs.

- Creation of bespoke policies — if you have a large book of business with a particular trade, we’ll use our expertise to create a bespoke policy.

And how does Pen’s new D&O proposition deliver added value?

- Team training: we don’t expect you to be D&O specialists — that’s our job. Pen can offer in-depth product training for you and your team and white-labelled marketing materials.

- Direct access to decision-makers: Our technical underwriting specialists are empowered as decision-makers and able to rate according to local market conditions.

- Confidential, specialist and timely advice: Your clients will get the specific help they need, when they need it most via four dedicated helplines — legal assistance, health & safety advisory, stress counselling and tax advice.