ESOPs

Choosing to offer an Employee Stock Ownership Plan (ESOP) is a strategic decision for forward-thinking companies. Not only are you providing employees with a financial benefit that increases talent retention, but you’re also creating a catalyst for growth.

But with innovation comes complications. ESOPs face unique challenges when it comes to insurance coverage – that’s where M3 comes in.

Management Liability for ESOPs

Many insurance carriers may decline to underwrite or entirely exclude coverage for recently established ESOPs.

Directors & Officers Liability (D&O) insurance for ESOPs excludes claims made under ERISA, and Fiduciary Liability policies often contain exclusions related to ESOP plans. And, ESOP fiduciaries are held to the same high standards of care as ERISA plans.

It’s crucial to work with a broker who specializes in ESOPs, is well-versed in the associated insurance implications, and has access to specialty carriers.

Jeanne Flanagan

Director of Management Liability
Meet Jeanne

M3’s ESOP specialists serve as knowledgeable advisors, offering guidance for your coverage requirements, compliance concerns and placement within the insurance marketplace.

They bring extensive experience and expertise to various programs including:

Directors & Officers Liability Insurance
Fiduciary Liability Insurance

Matt Kanitz

Client Executive
Meet Matt

Nate Troyer

Senior Client Executive
Director of International Practice
Meet Nate

Employee Benefits for ESOPs

The traditional health insurance landscape does not offer the level of control that you’re used to in your organization. Working with a broker who’s built a reputation for leveraging innovative health care strategies for our clients can allow you to invest in your health insurance just like you invest in your employees.

M3 has helped ESOP clients transition into self-funding, ESOP-specific captive models, and more. We understand how important ownership is to you – we believe that our experience and guidance can help you take ownership of your insurance too.