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Policy Highlights
Contact:
Kathy Curry (301) 951-6927
Kathleen.W.Curry@schinnerer.com
Target Risks: U.S. owned small environmentally-related consultants and engineers not performing Phase III work (remediation and abatement) with assets of $10 million or less that have a maximum of 50 employees. These firms may have never purchased this type of policy before.
Availability: In all states and the District of Columbia, except LA, NY, WY and PR
Program Features:
- Offers directors & officers, employment practices and fiduciary coverage in one multi-product package
- The E-Pack EZ quote provides for a 2-year option unless the insured opts out of it.
- 40/30/30 payment plan
- The insurer investigates and defends all claims
- 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
- EPLI may be purchased on a stand-alone basis
- D&O/Entity/Fiduciary coverages cannot be purchased on a stand-alone basis; they must be purchased with EPLI (must purchase the package)
- Separate limit for loss and defense costs (once the defense costs limit is exhausted, the indemnity limit will not be triggered).
Eligibility Guidelines:
- Must be financially stable with no going concern options during the last two years with no expected M&A activity
- No private or public debt, equity offering or ESOP
- No plans other than 401k’s or welfare benefit plans
- No professional licenses revoked or suspended within last two years
- No litigation within the past three years
Endorsements:
- E-Pack EZ endorsement GSL-8256XX is attached to EZ GPL policies and includes such enhancements as:
- Automatic 3rd party coverage
- Domestic partner coverage
- Softened hammer clause (70/30)
- EZ policy endorsements GSL-8256XX and GSL-8258XX are added when both GPL and D&O/Entity Fiduciary are purchased.
Apply now: Answer the 14 true or false screening questions on the application. If your answers are true your firm is eligible for E-Pack EZ. If not, the firm may be eligible for standard E-Pack. After determining eligibility, complete the remainder of the E-Pack EZ application and send it to your broker. If you do not have a broker, select a broker in your state, or give us a call at (301) 961-9800 for the name of a broker near you.
(Please note: the above document is in the Adobe Acrobat Portable Document Format [PDF]. Before viewing it, you may need to download the Adobe Acrobat Reader. The free Adobe® Acrobat® Reader allows you to view, navigate and print PDF files across all major computing platforms.)
Related Documents
This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the plan described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to state regulatory approval.
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