Monarch E&S Insurance Services, a Specialty Program Group LLC subsidiary, in partnership with Obsidian Insurance Holdings, an insurance holding company, to launch an enhanced and exclusive personal umbrella policy, the Knight Protector.
This collaboration aims to redefine personal liability insurance by offering unparalleled coverage limits and protection for individuals, families, and various legal entities across the United States.
The Knight Protector offers a strategic defence against the severe financial consequences of lawsuits and claims, with coverage options extending up to $5 million.
The policy is designed to secure assets and future earnings under several scenarios, providing peace of mind to policyholders.
Additional features now include nationwide availability, an open driver eligibility that includes terms favourable to both youthful and senior drivers, and coverage accommodating families at all life stages.
There is also an enhanced UM/UIM Protection, safeguarding against underinsured or uninsured motorists, offering critical coverage nationwide.
The policy is tailored options for high-profile occupations and the ability to underwrite in non-admitted markets with top ratings and has international coverage for US-domiciled risks or through affiliations like Lloyd’s of London.
Lastly, it provides up to $25,000 for reputation damage control, crucial for maintaining a positive public image during disputes.
Derek Borisoff, Chief Executive Officer (CEO), Monarch E&S, commented: “Partnering with Obsidian allows us to enhance our product offerings and leverage their A- rated paper to provide top-tier protection.
With 30 years as a leader in the personal umbrella space, our seasoned team is well-prepared to meet the nuanced needs of our clients with this exclusive product.”
William Jewett, CEO, Obsidian, added: “We believe strongly in Monarch’s mission to provide greater insurance solutions for their clients and are pleased to embark on this new strategic partnership with a partner that combines exceptional underwriting expertise with a keen focus on the client.”
