LexProSM provides the wholesale broker market with management liability insurance solutions including directors and officers (D&O), employment practices liability (EPL), Fiduciary, Crime, and more, for small- and medium-sized enterprises (SMEs) clients. Dedicated, service-focused underwriters work with wholesale brokers quickly to address risks and provide solutions to meet their clients’ insurance needs.
Advantages
Focused on the Wholesale Broker Market
LexPro is committed to providing wholesale brokers with access to specialized management liability insurance solutions for their SME clients in a fast-paced environment.
Broad SME Appetite
LexPro efficiently provides management liability coverages designed for mid-sized businesses.
Quick Response Time
Our expertise helps to ensure reputation management and business continuity.
Provides wholesale brokers with a stable, comprehensive platform tailored for their SME clients.
Delivers customized D&O, EPL, Fiduciary, Crime, errors and omissions (E&O) and Cyber solutions.
Invests in dedicated resources and underwriting expertise.
Underwrites D&O, EPL, Fiduciary, Crime, E&O and Cyber insurance solutions for mid-sized enterprises with revenues of up to $500M.
Provides quality products with coverage designed to address the unique needs of mid-sized enterprises.
Employs proprietary systems to ensure fast turnaround and ease of delivery throughout the quote, bind, and policy issuance process.
Has experienced, dedicated in-house claims professionals to provide client support and guidance.
Provides policyholders with access to EPL risk management services through partnerships with Jackson Lewis and Littler Mendelson.
Real-World Problem Solving
Benefit from our proven experience in working with customers and their brokers and agents to deliver successful outcomes.
Challenge
A healthcare staffing firm was unable to secure their EPL renewal through traditional admitted markets.
Solution
LexPro’s dedicated underwriters developed an E&S insurance solution utilizing a creative retention option that provided the EPL coverage the healthcare staffing firm required.
Benefit
The healthcare staffing firm was able to move ahead knowing they had EPL coverage that met their business and regulatory compliance needs.
Challenge
A mid-sized manufacturer struggled to secure D&O coverage for its leadership team due to its unfavorable loss history.
Solution
After meeting with the wholesale broker and the manufacturer, LexPro was able to understand the unique risks of this company, enabling LexPro to provide a D&O solution that other markets were unwilling to deliver.
Benefit
The manufacturer’s leadership team was able to focus on building the business knowing they had proper D&O coverage in place.
Challenge
Employee allegations of harassment by a senior manager threatened a client’s reputation and business.
Solution
Working in collaboration with the client’s legal counsel, our claims and litigation experts quickly negotiated a settlement including non-disclosure agreements.
Benefit
The quick and comprehensive settlement helped avoid public disclosure of the allegation which could have severely hurt the client’s reputation and business.
Brokers: Meet Your AIG Team
View contact information for AIG’s national product and distribution teams.
The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.