Insurtech MGA offers management liability coverage

Insurtech managing general agent Counterpart Inc. said Wednesday it has partnered with insurer Westfield Specialty to launch an admitted management liability policy for nonprofits and small- to medium-sized businesses.

Up to $5 million in limits is available, and coverage is already available in 35 states, Los Angeles-based Counterpart said in a statement.

The MGA, which was launched in 2019, offers various coverages to businesses with less than $350 million in revenue or fewer than 500 employees.