Private Solution

The ExecPro Private Solution is a combined professional Policy Features liability and crime policy offering the following Coverage Parts:

  • Directors' and Officers' and Entity Liability Coverage
  • Employment Practices Liability Coverage
  • Fiduciary Liability Coverage
  • Commercial Crime Coverage

Note: Three or more Coverage Parts must be purchased to qualify for this product.

 

Target Market: Private Companies

Manufacturers, Retailers, non-financial Service Companies

  • With 1,000 employees or less
  • With assets of $100 million or less
  • With minimal prior claims experience
  • With at least two full years of operations

 

Risk Management Feature

Private companies that purchase Employment Practices Liability Insurance with a Great American ExecPro Policy will be offered an Employment Practices Risk Management Program including loss prevention service provided by Jackson Lewis, a national law firm specializing in employment, labor and benefits law. As part of Risk Management Program, the Executive Liability Division has arranged for Jackson Lewis to provide telephone consultation on basic workplace topics via a toll free number. In addition, policyholders will receive access to an online copy of Jackson Lewis' Guide to Avoiding Workplace Claims.

Policy Features

  • Liabililty Coverage Parts can be purchased with a Single Limit for all Liability Coverage Parts or Separate Limits for each Liability Coverage Part
  • Commercial Crime Coverage provides Separate Limits for each Insuring Agreement
  • One, easy to complete, streamlined application
  • Duty to defend wording for all Liability Coverage Parts
  • Insured can assume the duty to defend with Insurer’s consent
  • Definition of Claim includes written demands for monetary or non-monetary relief, as well as civil, criminal, administrative or arbitration proceedings
  • Definition of Loss includes punitive damages with most favored venue wording*, 502 (i) and 502 (l) penalties imposed upon an Insured pursuant to ERISA
  • Administrative coverage includes COBRA and HIPAA
  • Final adjudication wording within the personal profit/dishonesty exclusion
  • ODL coverage for 501 (c)(3) organizations
  • 30 day window to provide notice prior to the effective date of filing Registration Statement under the Securities Act of 1933

 

*Available in most states

For-Profit D&O
  Public
  Private
  Private Solution
  Financial Institutions
  A-Side Protection
Non-Profit D&O
  Non-Profit Org's
  Community Protection
Canadian Products
  Canadian D&O
  Canadian EPL
Fiduciary
Fiduciary For Unions
Employment Practices
Safety Consultants
Affinity Business