Private Company directors and officers (D&O) liability insurance can protect the top tier of a company’s management if they are sued for their overall performance or particular business decisions. This type of Insurance may cover harassment or discrimination lawsuits, and is usually required by a company’s board of directors. Private organizations can tailor their insurance program to match their business needs. Our company partners allow us to provide options regardless of your client’s industry, revenue or employee count.
Directors and Officers Liability (D&O)
Employment Practices Liability Insurance (EPLI)
Fiduciary Liability Insurance (FLI)
Employed Lawyer Professional Liability (ELAW).
Parties we can cover
The named entity
Pubic Companies (should hyperlink Crum app here)
Affiliates (by endorsement)
Directors, officers, management committee members and members of the Board of Managers
General counsel and risk managers
Employees (including temporary and seasonal)
Leased employees and independent contractors
Judgments, settlements, prejudgment and post-judgment interest
Punitive, exemplary and multiple damages where insurable by law (most favorable venue language)
Reputation loss (D&O)
Derivative demand investigation costs (D&O).
Back pay and front pay (EPLI)
Statutory attorney fees (EPLI)
Voluntary compliance loss (FLI).
Claims made policy
Flexible shared and separate limit options available for all coverage parts
Spousal/domestic partner extension coverage
Optional discovery period of up to six years
Final adjudication wording for conduct exclusions
Full severability of the application for all insureds, including the company.
Insured’s choice of defense counsel subject to insurer’s consent
Definition of employee includes leased employees and independent contractors
Option to tender defense to the insurer with allocation provision for full defense costs
Definition of insured includes executives serving at the request of a company as officer of outside entities
Defense cost coverage for derivative demand investigations.
Additional limit of liability of up to $500,000 for loss resulting from a claim against a non-indemnified executive of a company
Coverage up to $100,000 for responding to reputation risk events.