Jeanne Flanagan
Involvement
- Oconomowoc community volunteer
Featured Author in Pulse: 2024 Property & Casualty Report
Welcome to Pulse, M3’s property & casualty report. Through the lens of rate and risk, we examine how the property & casualty market is affecting our clients across lines of coverage and industry sectors, and what risks we are predicting will be a focus throughout 2024.
Helping ESOPs Navigate Management Liability Challenges
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.