- Underwriting Company: Chubb Group of Insurance Companies, Warren, NJ
A.M. Best's
rating: "A++ (Superior)", financial category "XV" Chubb is admitted and licensed
to do business in all 50 states and the District of Columbia.
- What is Covered?
The D&O Liability policy protects your association and its officers, directors
and others acting in an official capacity on behalf of the association from
claims alleging wrongful acts, errors and omissions, negligent employment
practices, discrimination, eligibility matters and sexual harassment. In
addition, the policy extends coverage to the member leagues, teams and clubs of
your association.
- Unique Coverages under this D&O plan: Unlike standard D&O
policies on the market, Bollinger has tailored this program to meet the needs of
not-for-profit sports organizations. Specialty coverages include:
- Separate
defense costs limit in addition to policy limit
- Broad definition of Named
Insured expands coverage beyond the named Board members
- Defense costs are
provided for Breach of Contract claims (most policies exclude Breach of Contract
altogether)
- Includes full limits for Employment Practices Liability
- Covers
claims for monetary and non-monetary damages, including injunctive relief
- Provides a sublimit of coverage for Insured vs. Insured claims (typically
excluded on D&O policies)
- Policy Limits:
$1,000,000 limit of liability per
claim
$1,000,000 aggregate per policy term
$500,000 defense costs limit per
policy term
$2,500 deductible per claim
Claims-made basis
- Notable Exclusions:
Pollution Claims arising out of Bodily Injury or Property Damage Claims arising
out of Illness or Sickness or Death of any person
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