Program Features:

• Offers directors & officers, employment practices and fiduciary coverage in one multi-product package
• 40/30/30 payment plan
• The insurer investigates and defends all claims
• Limits and retentions can be shared between coverages or can remain separate
• Punitive damages coverage is available where allowed by state law
• In most cases, there is no exclusion for acts occurring prior to the policy period
• Definitions for claim and loss are broad and comprehensive
• Insured's consent is needed before a claim can be settled
• Optional third-party discrimination and harassment endorsement on EPL coverage
• Noncancellable policy, except for non-payment of premium
• Defendant's reimbursement of up to $300 per day/$7,500 per claim
• Newly acquired subsidiaries or pension plans are automatically covered, as long as they are 25% of the assets of the existing company or plan

E-Pack now offers a two-year policy to design professional clients that provides the same comprehensive coverage options for employment practices, directors & officers, and fiduciary liability. Eligibility guidelines for the two-year policy include:

• At least 2 years in operation
• Company assets under $50MM
• No "going concern" opinion or stated weakness in internal controls by outside auditors in the last 24 months
• No D&O or Fiduciary claims, charges or proceedings in the past 3 years. No more than one employment related claim, charge or proceeding with total loss/expense payout less than $25,000 in the past three years.
• Policy limits should not exceed $2MM
• No M&A activity