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Side A Directors & Officers Liability
  • Designed to protect only directors and officers.
  • Written on a primary or excess basis.
  • Single application for all new and renewal AEGIS directors and officers products.
  • Maximum aggregate policy limit available $15 million.
  • Limits are in addition to existing $35 million D&O capacity.
  • Difference in Conditions (DIC) coverage.
  • Many standard exclusions are deleted:
    • ERISA
    • Wrongful administration of employee benefits
    • Prior or pending litigation
    • Application
    • Outside directorship liability
  • Narrowed insured vs. insured exclusion.
  • Non-rescindable for any reason.
  • Non-duplication of limits clause deleted.
  • Dispute resolution clause deleted, including the mandatory arbitration clause.
  • No pollution or nuclear exclusion.
  • No deductible for individual directors and officers not legally permitted to be indemnified by the corporation.
  • Pre- and post­judgment interest included.
  • Exemplary, punitive and multiple damages coverage where insurable by law and most favorable venue language.
  • Negotiable discovery period option available.
  • Allocation based on relative legal and financial exposure standard.
  • Automatic run-off coverage for divested subsidiaries until termination of policy period.
  • Coverage for foreign equivalent directors or officers positions.
  • Automatic coverage for lawful spouse or domestic partner.
  • Freedom to choose defense counsel.
  • Automatic coverage for newly formed or acquired subsidiaries within a set threshold.
  • Broad definition of director and officer.
  • Automatic outside not-for-profit organization coverage.
  • Expanded notice of claim provisions.
  • Worldwide coverage.
For more information on this product, please contact:
Karen Larson
201.508.2600 AEGIS main number