NSI Insurance Group Launches Proprietary Directors and Officers (D&O) Product

The specialized product safeguards both publicly traded microcap companies and the executives who operate them

MIAMI--(BUSINESS WIRE)--
NSI Insurance Group, an independent insurance firm with clients in 50 states and over 100 countries, has announced the launch of a proprietary product for micro/small-cap companies aimed to address the unique challenges these companies encounter and ensure the protection of directors & officer’s personal assets. Written in partnership with a respected and well-capitalized Global Specialty Insurer with a rating from AM Best A+ (Financial Size XV), NSI’s Proprietary Microcap Product provides comprehensive and cost-effective ‘micro-cap’ coverage enhancements to publicly traded companies with market capitalizations of $300,000,000 or less.

Micro-cap companies often face challenges due to their size and risk factors, making it difficult to secure coverage as insurers are cautious about capital, stock volatility, governance issues, and fraud risks associated with these companies. The significant challenges these companies face include high insurance costs that strain finances and time-consuming insurance acquisition that diverts valuable resources from core business activities. In addition, today’s litigious business environment fuels the need for personal liability of the executive management team. NSI Insurance Group's Proprietary Microcap Product solves these challenges facing microcap companies by providing a cost-efficient process, enhanced coverage, and tailored policies to safeguard personal and professional interests.

• Cost Efficiency: The product is written on admitted paper, which means no additional fees or taxes, making it a cost-effective option for micro and small-cap companies.

• Enhanced Coverage: The product includes Excess Side A Only coverage. This Excess Side A Only limit does not share in the limits of the primary ABC, providing executives with an extra layer of protection against personal liability.

• Tailored Tail Policy: The product offers an Individual Extended Reporting Period (ERP), which provides coverage for claims made after the expiration of the policy period which allows executives to mitigate the risk of unforeseen liabilities even after the policy has lapsed.
  

“NSI’s premier, tier 1 microcap solution is aimed to reduce costs, increase coverage and protect the personal assets of the executives and board members," said Jason Bishara, NSI Insurance Group’s Financial Practice Leader. “Having the ability to provide an admitted D&O product alongside Cyber, Employment Practice Liability (EPLI), Crime, and Fiduciary Liability coverage, NSI gains a competitive advantage in the market, providing our clients with tailored solutions to holistically protect their unique risks.”

As a global leader in the insurance sector, NSI specializes in providing Outsourced Risk Management Solutions to publicly traded companies covering Executive Risk, Operational Risk, and Executive/Employee benefits. The firm is uniquely positioned to provide specialized products, service, guidance, and support tailored to public companies with market caps under $300 million. As trusted advisors, NSI comprehensive executive risk management program for microcaps with one easy and cost-effective solution.

To learn more about the Proprietary Microcap Product and how it can benefit your business, contact NSI Insurance Group at 305-556-1488 or visit https://nsigroup.org/ for more information.

About NSI Insurance Group

Founded in 1958, NSI Insurance Group provides insurance and risk management advice to families and business owners to help them mitigate their risk exposure. The firm has clients in 50 states and in more than 100 countries around the world. A member of the Assurex Global network, NSI has a deep-rooted rapport with carriers, allowing the firm to deliver innovative and complete insurance solutions, conduct market research and provide risk management advice. The company integrates an entrepreneurial approach to provide clients with the expertise of a large institution with the personalized attention of a specialized firm. NSI has earned multiple awards recognizing its strategic growth, employee engagement programs, and customer service, including NU Agency of the Year in 2022, South Florida Business Journal’s 2024 Business of the Year finalist, and “Best Practices Agency”, placing the firm among the top 10 percent of agencies nationally and making it one in Florida to earn the distinction for eight consecutive years. Headquartered in Miami Lakes, the firm has over 150 employees. For more information, visit, https://nsi.group/

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Ivanna Agudo, [email protected], 305.450.1445
Reilly Lockwood, [email protected], 508.808.1202

Source: NSI Insurance Group