Berkley Management Protection

What Berkley Management Protection does

Berkley Management Protection (BMP) is a managing general agent and wholly-owned subsidiary of W. R. Berkley Corporation (NYSE: WRB), founded in 2020 and headquartered in West Hartford, Connecticut. BMP provides management and professional liability insurance across six coverage lines — Directors and Officers (D&O), Employment Practices Liability (EPL), Fiduciary, Crime, Cyber, and Miscellaneous Professional Liability (MPL) — targeted at three customer segments: small businesses, not-for-profit organizations, and professional service providers.

BMP's core technology is the Grove agent portal, a proprietary digital platform built with input from independent insurance agents that streamlines quoting and binding for management liability coverage. Its product suite, the Trellis Management Liability Portfolio, is a modular offering that allows agents to package the six coverage lines or sell them monoline. The Trellis portfolio is filed as an admitted product in all 50 U.S. states, with surplus lines capability through Berkley Managers Insurance Services, LLC (e.g., California surplus lines broker license 0H05115). BMP also offers value-added risk management services through partnerships with Employment Practices Risk Management and Zeguro.

BMP operates exclusively through an appointed network of independent insurance agents, supported by five regional underwriting teams covering the Northeast, South, South Central, Central, and Western United States. Revenue is generated through insurance premiums charged to policyholders, with coverage limits up to $10 million per line. BMP benefits from its parent's A+ (Superior) financial strength rating from A.M. Best, and operates with an 11–50 employee headcount consistent with an early-to-mid scale MGU.

Name

Berkley Management Protection

Legal name

Berkley Management Protection

Website

https://berkleymp.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Berkley Management Protection is a W. R. Berkley subsidiary providing D&O, EPL, Cyber, Crime, Fiduciary, and MPL insurance to small businesses, nonprofits, and professional service providers via the Grove agent portal and Trellis product suite.

Ownership category

akta.pro rank

Product category

Management Liability Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)

akta.pro secondary industry

Professional Liability (E&O) (FSAJAGAC)

Keywords

• Management liability insurance
• Directors and officers coverage
• Employment practices liability
• Professional liability insurance
• Insurance agent portal

Headquarters

HQ city

West Hartford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Insurance Premiums: Berkley Management Protection generates revenue through insurance premiums charged to policyholders for management liability coverage including D&O, EPL, Cyber, Crime, Fiduciary, and Miscellaneous Professional Liability insurance products.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Berkley Management Protection underwrites and distributes management and professional liability insurance through the Trellis Management Liability Portfolio, a modular suite covering D&O, EPL, Cyber, Crime, Fiduciary, and Miscellaneous Professional Liability (E&O). Policies are quoted, bound, and serviced through the proprietary Grove agent portal, accessed by appointed independent insurance agents who sell coverage to small businesses, not-for-profit organizations, and professional service providers across all 50 U.S. states.

Product overview

Berkley Management Protection offers a unified insurance platform combining the Grove agent portal with the Trellis Management Liability Portfolio. The Grove is a proprietary agent-facing portal that streamlines quote acquisition, while the Trellis Portfolio is a modular insurance product suite providing six core coverage types (Cyber, Employment Practices Liability, Miscellaneous Professional Liability, Crime, Directors & Officers, and Fiduciary) that can be purchased individually (monoline) or bundled (multi-line). The products serve three market segments: Small Business, Not-for-Profit Organizations, and Professional Service Providers.

Differentiator

Problem solved

Functional benefit

Brands

• Grove by Berkley Management Protection: Proprietary agent portal that provides a frictionless agency experience, streamlining the process of obtaining quotes for coverage.
• Trellis Management Liability Portfolio

Products and services

• Grove by Berkley Management Protection A proprietary, agent-facing digital portal that streamlines quoting, binding, and policy management for management liability coverage. It is the central workflow tool used by appointed independent insurance agents to sell the Trellis Management Liability Portfolio to their small business, nonprofit, and professional service provider clients.
• Trellis Management Liability Portfolio A modular suite of six management and professional liability insurance products (Cyber, EPL, MPL, Crime, D&O, and Fiduciary) that can be purchased monoline or packaged together for small businesses, not-for-profit organizations, and professional service providers. The Trellis Portfolio is filed and admitted in all 50 U.S. states with coverage limits up to $10 million per line.
• Cyber Insurance Coverage for computer network security and protection of sensitive data such as Social Security numbers, credit card numbers, account numbers, driver's license numbers, and health records, available to small businesses, nonprofits, and professional service providers.
• Employment Practices Liability Insurance (EPL) Coverage for employment-related lawsuits including allegations of discrimination, harassment, wrongful terminations, retaliation, and other workplace-related wrongdoings, available to small businesses, nonprofits, and professional service providers.
• Miscellaneous Professional Liability Insurance (MPL) Coverage against financial loss caused by professional mistakes (often referred to as Errors & Omissions insurance), protecting professional service firms and other insureds against negligence related to professional services or advice.
• Crime Insurance Coverage against workplace theft, including theft of money and securities by employees and/or third parties, with optional coverage for theft of clients' funds and Social Engineering Fraud.
• Directors and Officers Liability Insurance (D&O) Coverage for business owners, managers, and nonprofit board members against lawsuits brought in their D&O capacity, protecting personal assets and covering defense costs, awards, and settlements.
• Fiduciary Liability Insurance (FL) Coverage for companies that sponsor retirement benefit plans for employees, protecting against errors, omissions, and negligence in managing 401(k) and employee welfare benefit plans.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor.

• Employment Practices Risk ManagementminorStrategic or Co-development PartnerRisk management partner providing employment practices risk management tools and information for policyholders to help prevent loss.
• ZegurominorStrategic or Co-development PartnerCyber risk management partner providing cyber risk management tools and information that can be offered to policyholders to help prevent cyber losses, often at no cost or significant discount.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Tokio Marine HCC: Tokio Marine HCC is a specialty insurance group with leading D&O and Professional Liability capabilities including surplus and E&S platforms, competing directly with BMP for management liability business, particularly on E&S and surplus lines placements.
• AIG: AIG is a major global insurer with a broad Financial Lines practice spanning D&O, EPL, Cyber, and Professional Liability, competing for management liability accounts that overlap with BMP's Trellis portfolio.
• Hiscox: Hiscox is a specialty insurer with a long-standing focus on small business and professional service provider E&O, D&O, and EPL — operating at greater scale and broader geographic reach than BMP across overlapping product lines.
• The Hartford: The Hartford is a major U.S. insurer with a sizable small-business commercial insurance franchise including management liability offerings, competing for the same SMB agent-distributed accounts as BMP.
• Chubb: Chubb is a global P&C insurer with deep D&O, EPL, and Professional Liability capabilities serving middle-market and SMB clients, providing scale-based competition for BMP's larger accounts.
• Travelers: Travelers is a major U.S. P&C insurer with management liability products (D&O, EPL, Fiduciary) sold through independent agents — using the same distribution channel as BMP and competing in the SMB-to-mid-market segment.

Direct peers

• Embroker: Embroker is a digital commercial insurance platform specializing in professional liability (E&O) and management liability for professional services firms and SMBs — directly overlapping BMP's professional service provider and MPL product offering.
• Next Insurance: Next Insurance is a digital SMB-focused carrier/MGA providing professional liability, general liability, and workers' comp to small businesses and professional service providers, directly competing for BMP's primary segment with a similar online-purchase value proposition.
• Vouch Insurance: Vouch is a tech-enabled MGA offering D&O, EPL, Cyber, Crime, and Fiduciary to startups and SMBs through a digital agent-style experience — a near-direct analogue to BMP's Trellis portfolio and Grove portal in the same three customer verticals.
• Founder Shield: Founder Shield is a specialty MGA providing D&O, EPL, Cyber, Crime, and Fiduciary coverages to startups and small businesses — the closest analog to BMP's modular Trellis portfolio in the startup/SMB management liability niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BerkleyMP
• LinkedInlinkedin.com/company/berkley-management-protection-a-berkley-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Berkley Management Protection