Public Directors, Officers and Corporate Securities Liability

• Broad punitive damage coverage
• Automatic outside not-for-profit board coverage
• Debtor in possession coverage
• Employee as co-defendant coverage
• Employed lawyers coverage
• Employee coverage for securities claims
• Entity coverage for securities claims with 100% allocation
• Pollution coverage for derivative actions
• Bilateral discovery and a three-year discovery quote guaranteed

Our target market includes:

• Small, mid-size and select large-cap publicly traded companies
• Private companies
• Non-profit health care and other non-profit organizations

RLI EPG products feature:

• Available in excess coverage (Pure follow-form coverage sits over all coverages.)
• Automatic merger and acquisition and automatic run-off coverages
• Broad punitive damage and spousal liability coverages
• Zero retention for investigative costs coverage for favorably resolved claims
• A three-year discovery quote guaranteed
• Investigations are included in the definition of claim
• “Pay on behalf of” language
• Claim notice “as soon as practicable”
• Non-cancellability (except for non-payment of premium)
• Worldwide coverage
• Crime/KRE: Only to insureds who also purchase other EPG coverages — one or a combination of the following: D&O, fiduciary and EPL.

Directors & officers liability appetite guide

Includes but not limited to:

• Public: Any non-financial institution — small mid-size and select large-cap publicly traded companies from $3 billion to $5 billion in market capitalization. We are very competitive with the $1 billion or less market cap companies.
• Clause 1 (Side A) only and Clause 1 DIC: Any public company — commercial and financial institution, any private and not for profit companies.
• Private: Any private company including manufacturing, distributing, wholesale operations and select retail.
• Not for Profit: Any not-for-profit organization, including but not limited to healthcare and educators legal liability. We are very competitive on the 501(c)(3) and 501(c)(4) institutions. We are not a market for nursing homes, country clubs, childcare centers, schools with children under 18 years old and social clubs.
• Private Equity: Private equity firms with up to $3 billion in committed capital (only for primary coverage) and invests in portfolio companies that are privately held. ODL double excess is automatic for all privately held portfolio companies and on a scheduled basis for publicly traded companies with NO anti-stacking wording.

Note: Minimum premium: $10,000; minimum deductible: $25,000; coverage can be issued stand alone or combined with other EPG lines.

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.