· Directors and Officers or all companies need Directors & Officers Insurance to protect their personal assets. They can be held personally liable for their business decisions and brought into a lawsuit as individuals.
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· Small companies especially find it difficult to cope with the financial impact of unexpected and costly Directors & Officers (D&O), or Employment practices liability (EPLI) litigation without insurance.
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· Private companies could see claims from their employees, customers, suppliers, competitors, lenders and/or shareholders.
Product Features for Corporate Directors and Officers Insurance
Separate D&O liability and Employment Practices Liability Limits
· EPLI Defense Costs outside the Limit of Liability for firms with up to 200 employees
· Unlimited Extended Reporting Period for former Directors & Officers
· Sexual Harassment.
· Optional Third Party Discrimination if EPLI is purchased
· Stand-alone D&O Liability option
· Optional Fiduciary Liability Extension
· Entity Coverage included automatically in D&O and EPL Coverage Parts
· Full Prior Acts Coverage
· Punitive Damages (where insurable by law).
· Automatic Coverage for service on Non-Profit 501(C)(3) Boards
· Spousal Extension
· AM Best Rated A++ Carrier
Limits of Liability Available for Directors and Officers Insurance
· Retentions starting at $5,000
· D&O Limits available up to $5,000,000
· EPLI Limits Available up to $5,000,000
$2,500 Minimum Premium