Directors and Officers Liability for Growth and Middle Market Businesses

Key Product Features

Necessary legal and regulatory protections for today’s executives:

• Inquiry Coverage for Insured Persons in responding to a subpoena, a request to produce a document or to appear for an interview.
• Insured Person does not have to be a target to be covered.
• Broad Investigation Coverage includes clarification that no Wrongful Act required to trigger coverage for Inquiries or Insured Person Investigations.
• Limited Entity vs. Insured Exclusion (in lieu of Insured vs. Insured exclusion) that does not apply to:
  • Defense Costs that are Non-Indemnifiable.
  • Claims brought by trustees, examiners, or assignees thereof in the event of financial insolvency.
  • Claims brought in foreign jurisdictions.
• Defense Cost Advancement within the Retention if Loss is indemnifiable and the Insured Organization fails or refuses to indemnify within 60 days.
• Coverage for civil FCPA penalties against Insured Persons for any non-willful violation.
• Coverage for fees and expenses incurred in facilitating a claw back payment under SOX 304/Dodd-Frank 954.

Broad Organization Liability Protections

Submission Guidelines

• Completed D&O Application (which can be waived by the underwriters for renewals and prospective insureds with previous D&O coverage which is still in place) (refer to the Document Library).
• Please send all submissions to your local underwriter or directly to the appropriate regional contact listed below.

Speak with a Regional Expert

Document Library