Private Companies and Not-For-Profit Organizations overlook Management Liability coverage at their own peril. As insurance professionals it is our job to make sure clients have the right coverage. This week we are highlighting ACE.
Directors, Officers and Organizations
Employment Liability
Fiduciary Liability
Crime
Package
We also offer Management Liability coverage through other markets, so if ACE doesn’t offer what you need, ask us about our other carriers. Post general questions/comments below. Email specific client related questions to commercial@djcolby.com. We will get back to you quickly.
Click on links below for applications. Note Florida has a sperate application.
private-company-all-other-states
not-for-profit-all-other-states
Please click below for detailed information about For-Profit and Not-For-Profitmanagement liability packages.
ACE EXPRESS For-Profit Management Liability Package
The For-Profit Management Liability Package offers non-rescindable, one-stop enhanced coverage for companies, subsidiaries, and their directors, officers, executives, fiduciaries and employees against management liability, employment practices liability, fiduciary liability and crime claims.
ADVANTAGES:
Strong financials to protect your clients liability exposures
Professional claims team
Superior underwriting talent
Superior customer service
Access to the product expertise and global reach of the ACE Group of Companies
COVERAGE:
Fully non-rescindable policies
Most favorable venue punitive damage coverage
Limits (other than Crime) offered on a shared or separate basis
Limited definition of “Application” (36 months)
HIPAA coverage (by endorsement)
D&O:
Additional $1 million of Side A (When at least a $1 million limit is purchased)
Retention waiver for early settled claim
Definition of “Claim” includes civil, criminal, arbitration and regulatory proceedings, and civil, criminal, administrative or regulatory investigations
Numerous Insured vs. Insured carve-outs
EPL:
$100,000 sub-limit for class-action wage and hour claims defense.
Single plaintiff claims not sub-limited (non CA, by endorsement)
Definitive Third Party coverage
Additional excess $1 million in Costs, Charges and Expenses coverage*
Access to the workplace HELPLINE LLC available
Fiduciary:
Defense outside the limit
Voluntary Compliance Loss and Delinquent Filer Penalties coverage (by endorsement)
HIPAA coverage (by endorsement)
Crime:
“Loss Discovered” form
ACE EXPRESS Not-for-Profit Management Liability Package
The ACE EXPRESSSM Not-For-Profit Company Management Indemnity Package provides enhanced coverage for risks facing Directors & Officers of non-profit institutions.
ADVANTAGES:
Strong financials to protect your clients liability exposures
Professional claims team
Superior underwriting talent
Superior customer service
Access to the product expertise and global reach of the ACE Group of Companies
COVERAGE:
Admitted in most states
Non-rescindable policy
Defense outside the limit in most situations (non-CA risks)
HIPAA fines and penalties coverage (by endorsement)
D&O:
Additional $1 million of Side A* coverage (non-CA risks)
Limited definition of “Application” (36 months)
Retention waiver for early settled claims
EPL:
$100,000 sub-limit for class-action wage and hour claims defense
Single plaintiff claims not sub-limited (non-CA risks, by endorsement)
Third party coverage
Fiduciary:
Voluntary Compliance Loss Program and Delinquent Filer Penalties coverage
Crime:
“Loss Sustained” form
Per occurrence limit of liability
*When at least a $1 million limit is purchased