Limit Introduces Management Liability Coverage

Limit is on a mission to empower retail brokers by providing access to faster, cheaper and better insurance. Over the past 2 years, we have streamlined the way cyber insurance transactions happen. And today, we are excited to announce that we now offer support for Management Liability lines of coverage.

The Management Liability market has undergone dramatic change over the past few years. In 2021, aggregate price increases drove D&O premium growth by 35%. More recently, prices have softened due to elevated competition between players in the space. Despite the volatility, Management Liability products continue to be time-consuming and often inaccessible due to the inherent complexities associated with the insurance process.

(source: AM Best Market Segment Report 2022)

We started Limit to tackle this problem directly. For years, we have helped retailers provide quick, easy coverage for their insureds all over the U.S. While honing our offering in cyber, it became clear that our platform could improve insurance transactions in other areas. As a result, we built the tools necessary to help retailers succeed beyond cyber as well.

Limit’s coverages are offered on the same infrastructure that enables access to more than 40 top providers. With the introduction of Management Liability lines, we are extending our reach beyond our roots in cyber and into a world where coverage is available for all types of lines.

With our Management Liability offering, retailers can now effortlessly provide coverage for the following lines:

• D&O
• EPL
• Crime
• Fiduciary
• Kidnap & Ransom

To get started, simply head over to the retailer dashboard, click on the “New Application” button

and select all lines relevant to the insured. Once submitted, Limit will quickly return quotes in a whitelabeled PDF that you can share with your insured to help seal the deal. If you have any questions along the way, our team of insurance veterans is available to help with all your Management Liability and cyber needs.

Limit has played a major role in the success of thousands of agencies across the U.S., and we are thrilled about the opportunities that will be unlocked as a result of our Management Liability offering. We are rapidly adding new products to our retailer platform and cannot wait to share new features in the coming months. If you have any questions or are interested in a specific app or type of business/insured, please reach out to retailers@limit.com.

Limit AI is here to revolutionize your workflow.

Limit has built the State of the Art AI for insurance. Limit AI will summarize and compare your quotes, run your surplus lines taxes and fee calculations, identify coverage deficiencies, and do what you need to get your job done. Limit AI is extremely well-versed in all lines of P&C and highly skilled at analyzing your policies & quotes.

Our AI Assistant is built on Limit’s years of expertise as a commercial insurance wholesaler with hands on experience in all lines of P&C. Limit AI answers questions, drafts emails, and compares quotes & policies with substantially more rigor and attention to nuance than any other competitive AI product today.

Ready to get started? Join the waitlist by visiting limit.com/ai or email us at contact@limit.com.