Specific Contingency Directors & Managers Liabilty Insurance is designed to provide coverage for a specific transaction or exposure. Purchase of this product is a cost- effective method of providing an organization’s board and management team with focused additional coverage for a transaction or exposure.

Policy highlights include:

• Advancement of defense costs;
• Coverage extended to spouses and domestic partners when named as co-defendants with an Insured;
• Automatic conversion of policy to run-off for periods of up to six (6) years once the transaction or event is concluded; and
• If coverage is purchased on an excess basis, the policy will respond in the event that an underlying insurer wrongfully withholds coverage or becomes insolvent.