Private Company Coverage

Old Republic Professional Liability (ORPRO™) is rolling out a new private company capability.

Beginning July 17, 2017, ORPRO™ has the ability to quote primary private company directors and officers liability, primary employment practices liability, and primary fiduciary liability.

The policy forms are currently available in 47 states and the District of Columbia, and we expect to receive final approvals from the remaining states shortly. The basic policy forms and applications (EPL, private D&O, fiduciary) can be seen here on our web site, with the usual caveat that minor amendments may be required by individual states.

In addition to private-company management liability, ORPRO™ will entertain mono-line EPL and fiduciary liability for public companies.

Chances are you know about Old Republic if you are reading this message. We'll spare you the details, but remind readers that ORPRO™ is an operating unit of Chicago-based Old Republic International Corporation (ORI). ORI has nearly $19 billion in assets, and our flagship insurance carrier, Old Republic Insurance Company, offers industry-leading financial security, including an "A+" A.M. Best rating.

It is a lesser-known fact that ORPRO™ has been writing private companies on an excess basis since Prince's "When Doves Cry" topped the Billboard charts. Providing primary products to private companies is a natural extension of our core and mature management liability capabilities.

The big question is, what is ORPRO™ offering that is unique? We believe, and think you will agree, that our consistency, experience, and longevity will set us apart. ORPRO™ has been writing management liability without interruption since 1984. Our underwriting and claims staff share an operating philosophy guided by integrity, fairness and a deep understanding of risk. This approach has allowed us to successfully navigate business cycles experienced by the insurance markets and our customers, alike. These attributes and commitments guide us into the private company space.

We intend to focus on middle market and large private companies with more than 250 employees that have exhibited a willingness to share risk. We also place value on receiving adequate submission information to ensure an accurate risk assessment, not just for today, but for the future. If our experienced underwriters can "get it right the first time," our goal of providing a long-term stable solution in partnership with the insured is made more attainable: no one wants a quick fix that leaves the insured scrambling in 12 months time.

Private companies currently operate in an environment that is both risky and rewarding. We're confident our solutions will allow them to focus on the latter part of that equation.

Please review our highlight sheet, and contact your ORPRO™ underwriter for more information.

 
Insurance contracts are issued and underwritten by Old Republic Insurance Company, rated A+ (Superior) by A.M. Best, A2 Stable by Moody's, and A+ Stable by Standard and Poor's.