Lifetime Occurrence Reporting Provision - As board members are re-elected or replaced over the years,
D&O coverage is sometimes viewed as unnecessary or too expensive. As a result, policies lapse, expire or even get cancelled. If a director or officer leaves an association board,
gets named in a suit based on their capacity as past director or officer, and there is not policy in place, this coverage is triggered.
Broad Definition of Third Party - Ensuring that the organization is covered for allegations from anyone with whom the interact is crucial for full protection.
Definition of Wrongful Employment Act - Internet, Email, Telecommunications - All organizations today use email and the internet to
facilitate communication among their employees as well as their customers and vendors. As technology continues to be an integral component of an
business, it is imperative that this exposure is covered.
Coverage for actual or alleged violations of the Fair Labor Standards Act (FLSA) - Understanding the difference between and “exempt” versus a “non-exempt” employee is getting more difficult in the current
legal and regulatory environment, and making mistakes can be very costly without this coverage