Introducing the NEW Executive PlusTM Directors and Officers Liability (Clause 1 DIC)
RLI EPG's Executive PlusTM has key enhancements and extraordinary provisions that provide
unparalleled protection for your insureds.
See how our enhanced Clause 1 DIC policy stacks up against the competition.
Executive Plus protects the personal assets of the directors and officers when the corporation
cannot or will not indemnify or when other insurance has been exhausted or is not available.
It provides a stand-alone Clause 1 limit of liability for the directors and officers only,
separate from the corporate entity policy.
Our revamped Executive PlusTM coverage includes the following extraordinary provisions:
- SOX 308 civil penalties coverage
- 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
- I v. I exclusion with explicit carve-back for whistleblower
- Bilateral discovery with explicit three (3) year quote option
Our target market includes any publicly traded or large private company that exhibits sound
financial practices and has a proven performance record.
Other key Executive PlusTM enhancements include:
Changes in 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.
Changes in 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
- Carve-backs to I v. I exclusion, explicitly addressing:
- Two or more persons
- Creditors committee
- Whistleblower
- Plus
- Full exclusions severability
Changes in conditions:
- Automatic renewal language
- Fully non-rescindable
- 25% M&A threshold
- Bilateral discovery w/ three year quote
- Domestic partner extension
RLI offers limits of up to $25 million on all our product lines.
RLI is rated “A+” (Superior) by A.M. Best, “A+” by Standard & Poor’s,
and has appeared in the Ward’s 50, a respected benchmark group of the
insurance industry’s top performing companies, every year of the list’s existence.
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