Protecting the People, Plan, and Purpose Behind Employee Ownership.
As a company that offers an Employee Stock Ownership Plan (ESOP), you have access to a range of valuable benefits. ESOPs serve as effective instruments for growth and provide a competitive edge for your employees. However, it is important to be aware of potential challenges, such as those related to insurance coverage.
ESOPs are structurally different. Insurance should align accordingly.
ESOP companies rely on specialized advisors, including legal counsel, valuation firms, trustees, and third-party administrators. Yet insurance is often treated as a general business purchase, even though it plays a critical role in managing fiduciary liability, transaction risk, and corporate governance.
When establishing an ESOP, it is critical to work with a broker who specializes in ESOPs, is well-versed in the associated insurance implications, and has access to specialty carriers. That’s where M3 comes in.
Jeanne Flanagan
Jeanne Flanagan and M3’s team of ESOP specialists serve as key resources to clients, colleagues, and industry partners by evaluating ESOP coverage needs, addressing compliance concerns, and navigating placement with specialty carriers across property & casualty and employee benefits.
Nate Troyer
Senior Client Executive
Director of International Practice
Matt Kanitz
Client Executive
M3’s ESOP specialists help organizations evaluate coverage needs, address compliance concerns, and navigate placement with specialty carriers.
Directors & Officers Liability Insurance
Protects the personal assets of directors and officers as well as the company in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.
Fiduciary Liability Insurance
Protects businesses against legal liability arising out of their role as fiduciaries. Under the ERISA Act of 1974, fiduciaries may be held personally responsible for the mismanagement of employee benefit plans.
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.
