Public Companies
RESOLUTE PORTFOLIOsm for Public Companies is a flexible and comprehensive policy that is available to publicly traded commercial companies and financial institutions. Insureds select the coverage section(s) and the limits of liability that most effectively address their particular risk profile. Options include single or multiple coverage sections and separate or combined limits of liability. Portfolio of coverage includes Directors & Officers Liability including Side A DIC, Employment Practices Liability, Outside Directorship Liability, Fiduciary Liability, Crime & Fidelity Coverage, and Errors and Omissions Coverage.
General Highlights
- $15,000,000 limit available for each coverage section
- Severability of application and conduct exclusions for insured person
- Express domestic partner and lawful spouse coverage Policy is fully non-cancellable by Insurer, except for nonpayment of premium
- Bi-lateral discovery period of up to six years available
- Automatic runoff for organizational changes
D & O Coverage Highlights
- Entity coverage, including Debtor in Possession coverage, for Securities Claims
- Broad Definition of Claim including civil, criminal, regulatory, administrative and arbitration proceedings
- Express §§11 and 12 coverage for securities claims
- Coverage for costs arising from Shareholder Derivative Demands
- Insurer does not have duty to defend
- Non-rescindable Side A coverage
- Sixty-day post-policy reporting
- Order of Payments provision
- Punitive Damage Coverage, most favorable venue language
- Automatic coverage for new subsidiaries, subject to asset threshold
EPL Coverage Highlights
- Covers the company, executives and employees
- Definition of employees includes leased employees and independent contractors
- Express whistleblower coverage included
- Insurer has duty to defend obligation
- Automatic coverage for new subsidiaries, subject to employee count threshold
- Broad Definition of Claim
- Thirty-day post-policy reporting
- Punitive Damage Coverage, most favorable venue language
- Third-Party Liability Coverage available for claims brought by customers and clients
Fiduciary Coverage Highlights
- Insurer has duty to defend
- Broad definition of plan
- Broad definition of claim
- HIPAA coverage included; $0 Retention
- Voluntary Compliance Programs coverage available; $0 Retention
- Non-rescindable coverage for Non-Indemnifiable Loss
- Coverage for civil penalties under 502(i) and 502(l) of ERISA and civil fines and penalties imposed by U.K.
- ESOP coverage available by endorsement
- Order of Payments provision
- Automatic coverage for new and acquired plans, subject to asset threshold
- Automatic coverage for merged, sold, spun off or terminated plans
- Thirty-day post-policy reporting
- Punitive Damage Coverage, most favorable venue language
Crime & Fidelity Coverage Highlights
- Broad definition of
- Insured
- Employee Benefit Plan
- Employee — Includes:
- Terminated employees covered for the first consecutive forty-five (45) days after separation
- Non-compensated directors, trustees and committee members
- Non-employee administrators who are providing services to insured-sponsored ERISA plans
- Part-time, temporary, leased individuals
- Guest students/interns
- Automatic coverage for newly acquired entities, subject to revenue threshold
- In the Event of Loss
- Discovery triggered when Risk Management, General Counsel, Human Resources and/or any corporate Vice President or above has reasonable knowledge or belief
- Loss reporting threshold is equal to or greater than one-fourth (¼) of the applicable deductible amount
- Worldwide territory, where permissible by law
- Optional coverage features include, Credit, Debit, Charge Card Forgery, Clients Property Coverage, and Investigative Expense Incurred to Establish Amount of Covered Loss
Disclaimer: This coverage is also offered as a Surplus/Excess line.
You must meet certain guidelines to see information about surplus lines. Contact Us to see if you meet these guidelines.