A management liability application gathers comprehensive details about the applicant and their requested coverage to protect organizations and executives from a wide range of risks. It begins with core applicant information, including the named insured, mailing address, entity type, FEIN, and policy dates such as the effective, expiration, and continuity dates. These details establish eligibility and ensure accurate underwriting.
Feathery’s AI extracts and organizes requested coverage sections including Executive Liability (D&O), Executive Indemnification, Organization Liability, Employment Practices Liability (EPL), Fiduciary Liability, and Professional Liability (E&O). The template also captures optional coverages such as Investor Defense, Wage and Hour Defense, Shareholder Derivative Demand Costs, Voluntary Compliance Program, Employed Lawyers Liability, Biometric Claims Coverage, and Nuclear Energy Liability disclosures. Prior acts coverage requests, known claims or incidents, and specific matter declarations are also identified to ensure proper risk assessment. Additionally, the system pulls data on current or prior management liability insurance programs for context.
By automating extraction of these detailed disclosures and coverage requests, Feathery streamlines the underwriting process, improves data accuracy, and enables faster turnaround for management liability policies while ensuring organizations and their executives are properly protected.