Real Estate Operating Companies
Policy Highlights

The DIRECTORS, OFFICERS AND COMPANY LIABILITY POLICY (for members of National Association of Real Estate Investment Trusts) Form # DO 00 R401 00 0797 is the broadest form available to members of the National Association of Real Estate Investment Trusts. Highlights include:

• Option for Company Non-Securities Claim Liability (with co-insurance);
• Broad definition of Operating Entity;
• Coverage for punitive and multiple damages where insurable;
• No mandatory panel counsel list and no mandatory alternative dispute resolution mechanism;
• Severability as to policy form exclusions and the application;
• Carve-backs to the insured v. insured exclusion;
• Final Adjudication requirement preserved in dishonesty exclusion;
• Option for Investigative Cost Coverage;
• Option for Regulation FD Informal Investigations;
• Definition of Company includes debtor-in-possession wording