In today’s challenging business environment, management decisions can come back and haunt you in the future. Companies typically carry Directors and Officers (D&O) liability insurance – and provide broad indemnification – in order to protect senior managers and directors. However, if the D&O insurer refuses or fails to provide coverage, or if a company is unable, unwilling or legally prohibited from providing indemnification, the personal assets of senior managers and directors could be at risk.

That’s where Allied World’s Executive ForceField® fills the void. The Executive ForceField® policy provides broad Side A, or non-indemnifiable, coverage on either an excess or lead basis. The breadth of coverage incorporates many innovative enhancements creating a leading force in the protection of directors and officers.

Within Directors & Officers we also write Allied World Secure

Policy highlights

Reinstated Limit of Liability

Limit of Liability reinstated upon exhaustion of original limit
No additional premium charged
Reinstated limit applies for an unrelated claim made during the same policy period

Broad Definition of ‘DIC Event’

Actual, attempted or intended rescission or cancellation of Underlying Policy by Underlying Insurer
Insolvency of Underlying Insurer
Refusal by Underlying Insurer to pay ‘any portion’ of loss
Failure of Underlying Insurer to pay loss within 60 days of request for indemnification ‘by on behalf of’ the Insured Person

Broad Definition of ‘Loss’

Taxes and national insurance contributions incurred by Insured Person ‘in capacity as such’
Sarbanes-Oxley 304 and Dodd- Frank 954 ‘Facilitation Costs’
Asset Protection Costs sublimited
Pre-Claim Enquiry Costs
Liberty Protection Costs
Reputation Costs sublimited
UK Corporate Manslaughter Act
Defence Costs
Most favourable venue wording includes specified jurisdictions

Advancement of Defence & Pre-Claim Enquiry Costs

Costs advanced by Insurer on a current basis, but no later than 60 days after Insurer receives payment request

Favourable Notice of Claim Provision

Notice of Claim or Pre-Claim Enquiry to be provided as soon as practicable after Chief Legal Officer or risk manager becomes aware of Claim or Pre-Claim Enquiry
Notice of Pre-Claim Enquiry is required only if the Company or Insured Person elects to seek coverage for such Pre-Claim Enquiry
90-day post policy reporting of any Claim or Pre-Claim Enquiry

Worldwide Coverage

Follow Form Coverage

In addition to the DIC coverage, the Policy ‘follows form’ of the terms and conditions of the Followed Policy

Capacity

Company Market: up to $25M/€20M/£15M or local currency equivalent
Policy can be deployed at any attachment point above a traditional D&O program or on a primary basis
Lloyd’s Syndicate 2232: up to $25M or local currency equivalent