FOR-PROFIT & NON-PROFIT DIRECTORS & OFFICERS LIABILITY, EMPLOYMENT PRACTICES LIABILITY AND FIDUCIARY LIABILITY

FOR-PROFIT COMPANIES

Why you need D&O, EPLI and Fiduciary Liability:

• Directors and officers can be held personally liability for their decisions. The only protection between a claim and personal assets may be a D&O policy.
• Average total cost of a D&O claim for a private company is $310,000 (settlement/judgment + defense).
• 39% of private companies with 25 or more employees have experienced a D&O suit in the past 5 years.
• Private companies are sued by their employees, shareholders, investors, competitors, suppliers, customers and lenders.

Coverage Features (these may vary by carrier):

• Punitive Damages, where insurable by law, included automatically
• Separate limits of liability for D&O, EPLI and Fiduciary Liability available
• Third Party Discrimination Coverage option
• Unlimited Extended Reporting Period for Former Directors & Officers
• Individual Director or Officer Payment Protection ("Order of Payments")

NOT-FOR-PROFIT COMPANIES

Why you need D&O, EPLI and Fiduciary Liability:

• Immunity does not prevent an organization from being sued.
• Immunity typically applies to volunteers, not to paid employees or the organization itself.
• Employment-related laws are the same for any type of organization.
• Over 90 percent of the claims against non-profit organizations are employment practices related.
• These employment practices claims include wrongful termination, third party sexual harassment and third party discrimination.
• Nearly 85% of non-profit organizations have an annual budget that is less than the average cost to defend a claim closed by litigation.

Coverage Features (these may vary by carrier):

• Separate limits of liability for D&O, EPLI and Fiduciary Liability available
• Lifetime occurrence reporting provision for former directors and officers
• Punitive damages, where insurable by law, included automatically
• Third party harassment and third party discrimination coverage
• Coverage for both monetary and non-monetary claims
• Coverage for outside directorship liability
• Data & Security+ Endorsement - $50,000 sub-limit for data breach, identity theft, workplace violence and kidnap expenses plus free identity theft services for directors and officers who become victims of identity theft
• Sublimit for excess benefit transaction taxes

ADDITIONAL ADVANTAGES OF BOTH POLICY FORMS:
A.M. Best rated "A" or better carrier
Quick quote turnaround
Broad Protections for individual directors and officers

INSURE YOUR RISKS WITH A STABLE COMPANY
THAT WILL BE THERE TO PAY YOUR CLAIM!

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