Acord 131

Acord 131

Endorsement

• $100,000 Wage & Hour dense costs sub-limit
• Anit-Trust coverage
• Duty to defend coverage
• Pre-set discover at 50% A fir 1 year (will not apply in the event of a transaction)
• Crisis Management Enhancement – CrisisFund Coverage amended to include media event expenses

Eligible Risks

• US domiciled (excluding CA), Non-Profit Organizations and Private Companies
• No Start-Ups
• 3 Years clean lost history
• Separate policy limited, $3M per coverage
• All industries, with the exception of Heathcare, Higher Education, Energy and Retail

Acord 131

EPL

• Expansive protection for employment related claims, covering 12 named perils, including wrongful termination, discrimination and harassment
• Coverage for discrimination and harassment claims brought by non-employee third parties, such as suppliers, students, patients or members
• Coverage for defense costs in breach of written employment contract claims
• Coverage for emotional distress damages in employee and third-party discrimination claims and specifically states its intent to pay front pay, back pay and pre- and post-judgment interest costs in employment claims
• Access to EPL Pak® Premier, a package of loss prevention products and services designed to help institute proper workplace training, practices and document due diligence

Acord 131

Fiduciary

• Extension of coverage to all directors, officers and employees of an organization who may have fiduciary or administrative responsibility for employee benefit plans including individuals who may not realize they have direct discretionary authority but may still be considered fiduciaries under applicable law
• Coverage for the plan sponsor including, automatically, newly acquired subsidiaries whose assets do not exceed specified thresholds as well as the pension and benefit plans themselves
• Coverage for a wide range of allegations including those arising from alleged lack of planning oversight, imprudent investments, failure to monitor and disclose plan fees and more
• Coverage for the various types of plans an organization might maintain worldwide without a listing of specific plans1, including pension and welfare plans that are sold or terminated during the policy period and qualified and non-qualified plans
• Coverage for certain fees and penalties imposed by the Internal Revenue Service (IRS) or the Department of Labor (DOL) when an organization acts to correct such defects under the DOL’s Voluntary Fiduciary Correction Program, the IRS’ Employee Plans Compliance Resolution System and the DOL’s and IRS’ Delinquent Filer Voluntary Compliance Program

1 Except for Employee Stock Option Plans (ESOPs)

Acord 131

Employed Lawyers

• Coverage for claims commonly brought against in-house counsel, including employment-related claims arising out of an in-house attorney’s legal work, legal licensing procedures and civil, administrative or arbitration proceedings against an employed lawyer
• Protection for an organization’s entire in-house legal team, including past, present and future full-time in-house attorneys and their paralegals and clerical staff
• Extension of coverage for claims of negligence or breach of duty in legal services provided to not only employers, but also as moonlighting and pro bono services

Acord 131

Fidelity

• Coverage for losses caused by a range of employees including directors, trustees and non-compensated officers performing employee duties, as well as students gaining work experience
• Ability to enhance coverage for losses resulting from terminated employees during the first 30 days post-termination
• Coverage for a wide range of losses arising from employee theft including those caused by non-employees arising from forgery and alteration, theft of money and securities, robbery and safe burglary and computer/funds transfer fraud
• Coverage for half of the investigation expense associated with the Fidelity Research and Investigative Settlement Clause (FRISC)