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Specialty Risk

May 21

The Balance between Customization and Consolidation

By From the Experts, Specialty Risk
Are you a private equity firm or an investor with a diverse portfolio of investments? Do you struggle with managing multiple insurance programs for each of your investments? If so, you may be considering consolidating your insurance programs into one master program.   But is this the best solution for you and your business?   In this blog post, we'll explore the pros and cons of keeping separate insurance programs versus a master program that covers all of your investments.   PROS OF KEEPING SEPARATE INSURANCE PROGRAMS:   Management control: in order to attract and retain the best managers at…
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Aug 21

Regulatory Risks in Directors and Officers Insurance

By Business Insurance, Specialty Risk
Corporate regulatory risks can often be overlooked when discussing directors and officers (D&O) liability insurance. However, recognizing corporate regulatory risks and D&O insurance is crucial for businesses, especially in today's complex regulatory environment. In this blog post, we will simplify the concept of corporate regulatory risks and highlight their significance for your organization. Understanding Corporate Regulatory Risks and D&O Insurance What D&O Insurance Covers First, let's briefly discuss what D&O insurance covers. This type of insurance protects directors and officers, as well as the company itself, from claims arising from their decisions or actions while carrying out their duties. It…
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Jul 28

Navigating the Complex World of D&O Policies with Kapnick: A Case Study

By Insurance, Personal Insurance, Risk Solutions, Specialty Risk
In the unpredictable world of risk management, unusual situations demand innovative solutions. Kapnick’s 'One Firm' approach recently showcased its ability to deliver custom D&O insurance solutions for private clients, ensuring peace of mind and robust protection. Why D&O Policies Matter Directors and Officers (D&O) policies protect personal assets from lawsuits. However, these policies can be complex and expensive. Many private clients find them daunting, but they are essential for safeguarding the lives they’ve worked hard to build. A Unique Challenge Solved with Custom D&O Insurance Solutions One private client faced a serious dilemma. Invited to join a for-profit board, the company’s D&O…
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Nov 23

D&O Insurance for Cannabis Companies: Essential Protection

By Business Insurance, From the Experts, Specialty Risk
In today’s evolving and unpredictable market, D&O insurance for cannabis companies is essential. It protects the financial assets of owners, board members, and executives—whether the company is public or private. This coverage includes legal fees, settlements, damages, and other costs tied to lawsuits from managerial decisions with financial consequences. Why Cannabis Companies Need D&O Insurance Common activities that lead to D&O claims include: Acquisitions, mergers, or management buy-outs Breach of contract or mismanagement of assets Bankruptcy, liquidation, or changes in ownership Defamation, libel, or slander Misrepresentation or nondisclosure Without D&O coverage, company leaders risk exposing their personal finances in lawsuits.…
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Aug 30

The Impact of Specialty Risk Consultations – A Kapnick Case Study

By Case Studies, Specialty Risk
Kapnick’s Specialty Risk experts provided a detailed management liability coverage consultation to help a real client fully understand how their policies would respond to claims. This consultation reduced risks and added value to their business. THE PROBLEM A large manufacturing client had a suite of management liability policies, including Directors & Officers (D&O), Employment Practices Liability, Fiduciary Liability, Cyber, and more. However, their leadership team struggled with the complex terms in the policies. They also didn’t fully understand how coverage would work during a claim. THE SOLUTION To address this, Kapnick’s experts scheduled a thorough management liability coverage consultation with the company’s legal counsel.…
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Aug 02

The Impact of Individual D&O – A Kapnick Case Study

By Case Studies, Specialty Risk
This case study highlights how Kapnick’s collaborative, One Firm solution helped a private client secure independent D&O coverage for board members. By addressing insufficient limits in the company’s policy, Kapnick protected the client’s assets while respecting budgetary constraints. THE PROBLEM A Kapnick private client was invited to join the board of a for-profit company but was concerned about the company’s general D&O coverage limits. In the event of a claim, the first line of defense is the company, followed by their D&O policy, and finally the individual director or officer. The client, unwilling to risk his hard-earned assets, needed to explore…
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