5Star Private Company Executive Liability Program
offers superior protection for private, for-profit companies to cover their Directors & Officers, Employment Practices and Fiduciary liabilities on a shared or separate limit basis and is designed to address the risks of small to mid-size companies with fewer than 1,000 Employees and $100m in assets. Written through an AM Best A XV excellent rated carrier and backed by our extensive executive liability underwriting expertise, this product is available nationwide to any U.S. domiciled risk.
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Eligible Classes*
- Preferred classes include
- Restaurants
- Hospitality
- Manufacturing & Distribution
- Retail & Wholesale
- Contractors & Consultants
- Business Services
- Agricultural Products & Services
- Healthcare-related
- Auto Dealers
- Additional consideration given on a case-by-case basis to:
- Law Firms
- Entertainment/Media
- Social Services
- High-Tech/Bio-Science
*Including but not limited to those listed
Available Coverage Parts
- Directors & Officers Liability Coverage (D&O), including private company Entity Coverage
- Employment Practices Liability Coverage (EPL) with optional 3rd party coverage
- Fiduciary Liability Coverage
Coverage Highlights
- D&O Enhancements include:
- Dedicated Side-A Limit
- Order of Payments
- Severability of application/policy with non-imputation language
- EPL Enhancements include:
- Optional coverage for Wage & Hour claims
- Defense Outside the Limits
- 5Star Helpline loss prevention service which includes unlimited live attorney advice,
HR alerts and more
- Fiduciary Enhancements include:
- Coverage for non-monetary damages
- Coverage carve-backs for COBRA/HIPAA compliance
- Pure, Claims Made Form is Duty to Defend with soft (80/20) Hammer and includes Punitive Damages, broad definitions of Insured, and coverage carve-backs for the Fraud/Dishonesty, Insured vs. Insured, and Pollution exclusions
Program Parameters
- Limits: $500,000 to $5mm on a Shared or Separate Limit basis
- Minimum Retentions / Deductibles:
- $0 for D&O or Fiduciary, and $2,500 for EPL
- Minimum Premiums for a $1mm limit;
- On a single/standalone limit basis: D&O - $1,500, EPL - $2,000, Fiduciary Practices - $1,000
- On a shared/combined limit basis: $2,500 Minimum Premium
Ineligible Classes
- Churches
- Pharmaceuticals
- Government Entities/Municipalities
- Waste Collection
- Schools/Colleges/Education
Submission Requirements
- Application (competitor's accepted) showing address, nature of business, ownership breakdown, employee headcount and fiduciary plan type & size
- Loss Runs
- Most recent year-end and/or interim financial statements (if applicable)
Availability
- Worldwide coverage for U.S. domiciled risks
Download this fact sheet
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Contact 5Star Directors & Officers Program
877.247.9772
marketing@5StarSP.com
5Star Directors & Officers Program
303 W. Madison Street, Ste. 700
Chicago, IL 60606
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