Management Liability
- The Management Liability Package offers non-rescindable, one-stop enhanced coverage for companies, subsidiaries, and their directors, officers, executives, fiduciaries, and employees, against management liability, employment practices liability, fiduciary liability, and crime claims.
Coverage
- Fully non-rescindable policies
- Most favorable venue punitive damage coverage
- Limits (other than crime) offered on a shared or separate basis
- Limited definition of “Application” (36 months)
- HIPAA coverage (by endorsement)
- D&O:
- Additional $1 million of side a (when at least a $1 million limit is purchased)
- Retention waiver for early settled claim
- Definition of “claim” includes civil, criminal, arbitration, and regulatory proceedings, as well as civil, criminal, administrative, or regulatory investigations
- Numerous insured vs. insured carve-outs
- EPL:
- $100,000 sub-limit for class-action wage and hour claims defense.
- Single plaintiff claims not sub-limited (non CA, by endorsement)
- Definitive third party coverage
- Additional excess $1 million in costs, charges and expenses coverage
- Fiduciary:
- Defense outside the limit
- Voluntary compliance loss and delinquent filer penalties coverage (by endorsement)
- HIPAA coverage (by endorsement)
- Crime:
- “Loss discovered” form
Limits
- Up to $5 million
Preferred Classes
Private companies with revenues below $50 million and fewer than 500 employees are preferred, but all classes will be considered.
Not-for profit organizations and entities with revenues below $50 million and fewer than 500 employees, but all classes will be considered.
- Social Service/Welfare Organizations
- Charities
- Professional/Trade Associations
- Foundations
- Religious Organizations
- Private Schools
- Healthcare Related Institutions
- Chambers of Commerce
- Membership Organizations
Restricted Classes
- Activist Groups
- Adoption/Foster Care
- Labor Unions
- Entities with primary operations outside of the US
- Colleges/Universities
- Hospitals at https://www.locksmithspros.com/residential
Download ApplicationSend submission to wholesale@sisinsure.com |
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