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| Products -> PROtect™ Professional Liability Products -> D&O Private Company Executive Liability Program
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D&O Private Company Executive Liability Program
The 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 $100,000,000 in assets. Written
through an AM Best A XV rated carrier and backed by our extensive executive liability underwriting expertise, this product is
available nationwide to any U.S. domiciled risk.
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 Products
- Directors & Officers Liability (D&O), including private company Entity coverage
- Employment Practices Liability (EPL) with optional 3rd party coverage
- Fiduciary Liability
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 $5,000,000 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 $1,000,000 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
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