| NON PROFIT
ASSOCIATION DIRECTORS & OFFICERS PROFESSIONAL LIABILITY INSURANCE |
|
| PROGRAM HIGHLIGHTS |
| DEFINITION: |
INSURES AGAINST CLAIMS THAT ARISE FROM COVERED WRONGFUL ACTS COMMITTED OR ALLEGEDLY
COMMITTED BY AN INSURED. |
| POLICY FORM: |
OCCURRENCE OR CLAIMS MADE
- Duty to Defend coverage trigger
- Defense Costs paid IN ADDITION to the Limit of Liability
- First Dollar Defense mechanism
- Automatic outside directorship extension
- 90 day reporting period
|
| LIMITS: |
Up to $5,000,000 ANNUAL AGGREGATE LIMIT |
| RETENTION: |
$500 Minimum Retention
Retention does NOT apply to Defense Costs |
| MINIMUM PREMIUM: |
$900 FOR CLAIMS MADE POLICY
$1,000 FOR OCCURRENCE POLICY |
| SPECIAL COVERAGE EXTENSIONS:
|
| |
- Employment Practices Liability Option
- Fiduciary Liability Option
- Publishers Liability Option
- Can consider For Profit subsidiaries
- Three year pre paid policies available
- Three year installment contracts available
- Full Prior Acts is 1st year
|
| CARRIER: |
RATED "A-" VI BY A.M. BEST & COMPANY |