Management Liability

Specifications:

Contact:
John Meng
John.Meng@Schinnerer.com
301-951-5452

Andrew Kinner
301-951-6922
Andrew.C.Kinner@Schinnerer.com

• Directors & Officers Liability
• Employment Practices Liability
• Fiduciary Liability
• Crime NEW
• Kidnap, Ransom & Extortion NEW

Minimum premium: $650

Limits: $250,000 - minimum; $5 million - maximum

Target Risks: Non-profit organizations including trade and professional associations, charities, foundations, museums, chambers of commerce, agricultural co-ops, social services with overnight facilities, quasi-governmental organizations, senior care organizations and many more classes.  

Risks not writing: Hospitals, hospices, HMOs, PPOs, unions and churches.

Availability: Admitted in most states* and the District of Columbia

*Admitted D&O, EPL and fiduciary filing is pending in VT. KRE coverage part is not available in CT, MD, MA, MT, NH, NY, PR, VT, WA. Crime coverage part is available on a non-admitted basis in AK, CA, CT, MD, MA, MT, NY, OH, PR, VT, VA.

• Shared and separate limit options
• Defense coverage for wage and hour claims
• No D&O hammer clause
• Softened EPL hammer clause (70/30)
• Two year policy terms available
• Defense outside the limits
• Broad definition of subsidiaries includes 501c(3) - (10); 501c(19); 501d; 509a(1) - (3)
• EPL coverage automatically extended to contract employees
• Arbitration and mediation incentive for D&O coverage
• First dollar defense for claims that are D&O only
• Crime coverage for fidelity, forgery and alteration, inside the premises loss, in transit loss, money orders and counterfeit money, computer crime, funds transfer fraud, and personal accounts protection
• KRE coverage for ransom, costs of security consultant, negotiator, public relations consultants, interpreters, security measures, travel and accommodations, salary of victim and replacement worker, medical expenses, interest on loans, rest and rehabilitation, rewards, legal liability, death & dismemberment
• Broad insured persons coverage for KR&E
• Assistance of expert security consultant firm in event of kidnap, detention, extortion, hijack

Policy highlights in a printer-friendly format.