Product Highlights
- Follows the terms and conditions of underlying insurance that are most favorable to directors and officers — and adds key Side A DIC features such as:
- Double reinstatement of limits
- A broad definition of loss, including civil fines or penalties for unintentional and non-willful violations of law
- An affirmative agreement to never subrogate against an insured person
- Written on the paper of Berkshire Hathaway’s National Indemnity group of companies, which hold financial strength ratings of A++ from A.M. Best and AA+ from Standard & Poor’s.
Top Targets
- Large commercial and financial firms, including those with the most complex risk transfer needs