Executive Risk Protection

Executive Plus™ Directors & Officers

Protects the personal assets of directors and officers when a corporation cannot or will not indemnify or when other insurance has been exhausted or is not available. It also provides a stand-alone Side A limit of liability for directors and officers only, separate from a corporate entity policy.

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Insurance Type

Admitted

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Distribution

Retail & Wholesale

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Availability

Available in 50 U.S. states.

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Not an agent or broker?

If you're a director or officer seeking Executive Plus insurance, please ask your insurance agent or broker for a quote from RLI.

Coverage

Extraordinary provisions

No definition of application
Definition of defense expenses, including extradition expense
Definition of insured person, including trusts
Definition of loss, including public offering of securities
Definition of loss includes civil penalties under the Foreign Corrupt Practices Act
Bilateral discovery with one, three, or six year quote option
60-day unanswered indemnification provision
No I vs. I exclusion

Our target market includes any publicly traded or large private company that exhibits sound financial practices and has a proven performance record.

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Appetite & Eligibility

Other key enhancements

Definitions

Claim: Explicitly includes arbitration and appeals.
Defense expense: Explicitly includes extradition, appeal, attachment or similar bond.
Entity: Explicitly includes debtor in possession language.
Insured person: Explicitly includes trustees, comptroller, in-house risk manager, employees as co-insured, natural persons serving an outside entity, and trusts.
Loss: Explicitly includes public offering of securities and Sec. 11 or 12 and civil penalties under Foreign Corrupt Practices Act.

Exclusions

‍Broad EPL carve-back to BI/PD exclusion, explicitly addressing:
- ‍Wrongful failure to employ or promote
- Failure to grant tenure
- Failure to adopt adequate workplace or employment policies and procedures
- Pollution
- Claims by securities holders
‍Plus
- ‍Full severability of exclusions

Conditions

Automatic renewal language
Fully non-rescindable
50% M&A threshold
Bilateral discovery with one, three or six year option
Domestic partner extension

RESOURCES

Policy forms look up & loss runs

Our online system provides Executive Liability policy forms and applications.

Request loss runs.

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Contact an underwriter

Find your underwriter

Our nationwide team of underwriters utilize their expertise and innovative approached to underwrite risks specific to their regions and market segments.