Financial Institutions are under intense scrutiny from shareholders, creditors, employees, regulators, and other interested parties. The Executive Liability Division offers specialized insurance protection that address these varied risks.
Directors’ and Officers’ (D&O) liability insurance protects the personal assets of directors and officers from catastrophic financial loss in the event of a legal claim brought against them. The D&O policy also provides coverage for the organization when entity coverage is included, or when the organization is required to indemnify a director or officer for a covered wrongful act.
We provides D&O liability coverage to insurance companies, commercial banks, non-depository financial institutions such as leasing companies, property REITS, mortgage brokers, and finance companies.
The ExecPro® Policy is one of the most comprehensive policies in the marketplace and incorporates many coverage enhancements including:
- Non-rescindable insuring agreements
- Whistleblower provisions
- Regulatory investigation coverage
- Broad severability
Other features available via endorsement or on a stand alone basis:
- Employment practices liability coverage
- Fiduciary liability coverage
- A-side Difference in Conditions (DIC) coverage
Up to $25 million in limits of liability are available on either a primary or excess basis.