Berkley Canada - Executive Liability

By: Berkley Canada  09-12-2011
Keywords: Employment Practices Liability

Berkley Canada offers flexible options for coverage written on a combined Directors & Officers and Employment Practices Liability form, incorporating the latest coverage enhancements to meet the needs of a wide variety of private, public, and not-for-profit organizations.

Products

• Directors & Officers Liability
• Employment Practices Liability
• Excess D&O Liability
• Dedicted wordings for private, public, and not-for-profit organizations

Capacity

$10 Million

Highlights

•  Employment Practices Liability coverage, shared or separate limits
•  Entity Coverage for securities claims
•  Investigative costs for shareholder derivative actions (sublimited)
•  Additional Side A excess limit
•  Bi-lateral Extended Reporting Period
•  Notice of circumstances allowed in Extended Reporting Period
•  Expanded definition of Claim including arbitration proceeding, investigative proceeding and extradition     coverage
•  Expanded definition of Insured Persons includes all employees, managers of LLC, and de facto directors
•  Expanded definition of Loss includes pre/post judgement interest, punitive or exemplary damages or the    multiple portion of any multiplied damage award
•  Subsidiary acquisition asset threshold 35%
•  Conduct exclusions only triggered by a final adjudication
•  Pollution carve out for Securities claims and Side A claims
•  l vs. l carve outs for whistleblowers, past Insured Persons who have not served for 3 years, bankruptcy trustee
•  Non-recindable Side A
•  Non-cancellable by Insurer except for non-payment
•  Territory worldwide
•  Defence costs outside the limit on not-for-profit organizations

The information in this article was current at 06 Dec 2011

Keywords: Employment Practices Liability

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