Our Turnaround Managers Liability Insurance policy is designed to provide protection for executives that are retained by an organization specifically to restructure or turn-around its operations, and in most cases leave for another assignment once the turn-around or restructuring is completed. The policy offers a dedicated limit for the Turnaround Manager and can be structured as primary coverage or excess of existing insurance carried by the organization.

Policy highlights include:

• Advancement of defense costs;
• Coverage extended to spouses and domestic partners when named as co-defendants with an Insured;
• Automatic conversion of policy to run-off for periods of up to six (6) years once the turn-around assignment is completed; and
• If coverage is purchased on an excess basis, the policy will respond in the event that an underlying insurer wrongfully withholds coverage or becomes insolvent.