Management Liability Insurance

• Private Company
  • Assets and revenue less than $2B and 3,000 or less employees
• Public Company
  • Up to $5M on excess basis for full coverage (ABC) or Side A DIC
  • Publicly traded commercial companies with a 3-year peak market cap of $25 billion for full coverage (ABC)
  • No size restriction for excess Side A DIC
• Non-profit entities with total assets less than $250 M and 500 or less employees
• On an excess basis, we will consider any risk size

• Private Company
  • Non-rescindable policy
  • No anti-trust exclusion
  • 100% defense cost allocation
  • No consent needed to settle claim (where the settlement plus defense expenses is within 75% of retention)
  • Optional duty-to-defend
  • Automatic coverage for acquisitions
  • EPL includes Independent Contractors
  • EPL contract exclusion is limited to written contracts
  • Fiduciary definition of Wrongful Act includes “settlor” functions
• Public Company
  • Follow form to the primary followed policy (ABC or Lead DIC)
  • Recognize erosion of underlying limits – monetary contribution by or on behalf of an Insured, any DIC carrier, a tied in underlying policy, or any other source language
  • Ability to add reinstatement of limits for excess
  • Side A DIC and “DIC into DIC” coverage
• Top tier claims management staff
• Modular products to meet liability exposures

• Directors and Officers Liability
• Fiduciary Liability
• Crime Exposure
• Employment Practices Liability
• Miscellaneous Professional Liability
• Not For Profit Directors and Officers Liability
• Limits available of $5M per claim / $5M aggregate

Submission Requirements: Completed application with all supplemental information