The ELD offers specialized coverage for a broad spectrum of institutions ranging from insurance companies to
federally insured commercial banks to community financial organizations. The ELD also offers products for various
non-depository financial institutions. Our newest, all-inclusive Directors' and Officers' (D&O) policy, ExecPro,
incorporates all of the enhancements to traditional D&O policies, while also offering several new coverage features.
D&O Liability
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.
The ELD specializes in ExecPro D&O coverage for financial institutions and insurance companies.
Insurance Company D&O
The ELD is a leading writer of D & O coverage for insurance companies and has the expertise to
understand their unique accounting and reporting requirements. The ELD currently participates on
the insurance programs of many large property and casualty and life insurance companies in the United States.
ExecPro D&O coverage benefits include the following:
- Available for both mutual and stock insurance companies
- Up to $25 million in limits of liability available on either a primary or excess basis
Other features available via endorsement:
- Employment Practices Liability* coverage
- Fiduciary Liability** coverage
- Entity Coverage may be available
Financial Institutions D&O
Directors' and Officers' Insurance for Financial Institutions extends to all federally insured
commercial banks, single and multi-bank holding companies, savings banks and savings and loans institutions.
The ELD can also provide ExecPro D&O liability coverage to other types of non-depository financial
institutions such as leasing companies, property REITS, mortgage brokers, and finance companies.
D&O coverage benefits include the following:
- Up to $25 million in limits of liability available on either a primary or excess basis
- Entity coverage for securities claims
Other features available via endorsement:
- Employment Practices Liability* coverage
- Fiduciary Liability** coverage
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