kite Private Company Directors & Officers Insurance

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.

Coverage available

  • 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)
  • Subsidiaries
  • 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
  • Volunteers.

Exposures

  • Judgments, settlements, prejudgment and post-judgment interest
  • Punitive, exemplary and multiple damages where insurable by law (most favorable venue language)
  • Defense costs
  • Reputation loss (D&O)
  • Derivative demand investigation costs (D&O).
  • Back pay and front pay (EPLI)
  • Statutory attorney fees (EPLI)
  • Voluntary compliance loss (FLI).

Coverage highlights

  • 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
  • Worldwide coverage
  • 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.

 

Application
Hiscox Private Co. Application

Start the Application

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