Liberty Mutual offers management liability package

Liberty Mutual Insurance Co. Wednesday launched a packaged management liability policy for private companies and nonprofits.

ProShield, which will be available through retail and wholesale brokers, combines coverage for directors and officers liability, employment practices liability, and fiduciary and crime coverages. Previously, the coverage would have been offered through multiple endorsements, a Liberty Mutual statement said.

Limits available are $15 million per line, a spokesman for the insurer said.

In addition, the insurer named Brent Tan to the newly created role of senior director, financial lines underwriting. Previously, he was a senior vice president at CNA Financial Corp.