Brown & Brown's Protector Plans Expands Coverage for Private and Non-Profit Risks
Portfolio Pulse from Benzinga Newsdesk
Brown & Brown's Protector Plans Executive Liability has launched a primary product offering, expanding its coverage for private and non-profit risks. The new insurance program offers D&O liability, employment practices liability, fiduciary liability, employed lawyers, crime and miscellaneous professional liability coverage. Coverage is available for risks up to $750 million in revenue and assets or 2,500 employees with limits up to $5 million per coverage section.
September 19, 2023 | 7:27 am
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Brown & Brown's new insurance product offering could potentially increase its revenue by covering more risks for private and non-profit entities.
The launch of a new product offering that expands coverage for private and non-profit risks could potentially attract more clients and increase revenue for Brown & Brown. However, the impact on the company's stock price will depend on the market's reception of this new product and its actual performance.
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