Commercial Directors & Officers
Policy Highlights

The DIRECTORS, OFFICERS AND COMPANY LIABILITY POLICY - Form # DO 00 R292 00 0696 contains many important coverage features. Highlights include:

• Coverage for punitive and multiple damages where insurable;
• No mandatory panel counsel list and no mandatory alternative dispute resolution mechanism;
• No mandatory theory of allocation for non-Securities Claims;
• Severability as to policy form exclusions and the application;
• Policy is non-cancelable by The Hartford except by reason of non-payment of premium;
• Carve-backs to the insured v. insured exclusion;
• Mandatory advancement of Claims Expenses under all insuring agreements;
• Blanket, double excess non-profit Outside Position coverage for Directors and Officers;
• All employees are covered in connection with Securities Claims;
• Worldwide Wrongful Acts coverage for Insureds, including functional equivalents of Directors and Officers at foreign subs;
• Automatic coverage for newly created or acquired Subsidiaries whose assets total 20% or less of the Insureds;
• Spousal liability coverage is granted.

• Commitment to underwrite IPO exposure;
• Full coverage provided for corporate entity as well as its Subsidiaries;
• Mandatory advancement of Claims Expense (excess the retention);
• Coverage available for punitive damages with "most favorable venue" provision;
• Coverage available for Wrongful Acts occurring anywhere in the world;
• Policy is non-cancelable by The Hartford except for non-payment of premium;
• No mandatory arbitration/mediation provision;
• Loss includes front pay and back pay, pre and post judgment interest, as well as premiums for appeal, attachment or similar bonds;
• Insured definition includes all past, present or future Directors, Officers, Employees (including part-time, seasonal, and temporary), qualified leased or loaned employees and scheduled independent contractors;
• Broadened Definition of Employment Practices violations to include employment-related misrepresentations; libel and slander; humiliation; retaliation; invasion of privacy; wrongful demotion and discipline; failure to provide or enforce employment practices policies and procedures; sexual or other workplace harassment; civil rights violations; and violations of FMLA;
• Spousal liability coverage automatically granted;
• Blanket Non-Profit Outside Position coverage for Directors and Officers;
• Broad definition of Claim, which includes written demands or notices of monetary or non-monetary relief, civil proceedings, arbitration, or formal administrative or regulatory proceedings, including those before the EEOC;
• No layoff, downsizing, closing, or reorganization exclusion;
• No class action exclusion;
• Automatic coverage for newly created or acquired Subsidiaries whose assets total 20% or less of the Insureds;
• Automatic run-off coverage for corporations which cease to be Subsidiaries.