Excess D&O and Excess Plus™
Intended to follow the underlying policy(s) in a layered program, excess policies are the building blocks that make up the towers of D&O and other Management Liability protection. ORUG-91 is our excess policy form for public company and private company policyholders.
Policy features (ORUG-91):
- One-page streamlined follow-form contract
- Market-leading erosion language for underlying policy limit and sub-limit
- Ability to follow or match sub-limited coverage, such as Shareholder Derivative Demand Investigations
- Can be used for public or private company excess on either a monoline basis or a multi-line basis, using our Excess Flex™ endorsement, which identifies and follows the varied coverages usually provided in private company management policies.
Capacity: Up to $15,000,000
Attachment: No minimum attachment
Eligibility: All U.S. public and private companies.
Download D&O Sell Sheet
The Excess Plus™ Endorsement expands Side A coverage within our “traditional” (ABC) excess layer to create broadened terms for “non-indemnifiable loss” of natural insured persons, including the potential for dropdown. Insured individuals will enjoy an extra level of protection in a world of increasing personal liability exposure.
How Excess Plus™ Works:
- Expands Side A coverage within our excess ABC position to match the terms and conditions of the Lead Side A DIC Policy.
- Only applies to non-indemnifiable loss for natural person insureds.
- The traditional ABC policy responds unless the broader Lead Side A DIC terms apply.
- Our layer is subject to drop-down/DIC provisions, but the Lead Side A DIC and any policies written directly excess of the Lead Side A DIC respond first.
- We do not follow any reinstatement provisions of the Lead Side A DIC policy.
Excess Plus™ Benefits:
- The entire “traditional” tower excess of our layer may broaden to match the “superior” terms and conditions of the Lead Side A DIC carrier.
- The Lead Side A DIC placement still has value, since the carrier (preferably Old Republic) sets the broadened non-indemnifiable loss terms for others to follow.
- If traditional ABC excess carriers above our offering agrees to follow form:
- Each carrier monitors behavior of underlying carriers in the event of a non-indemnifiable loss, but the Lead Side A DIC carrier retains the first DIC review.
- Each carrier has the potential to “drop down” for underlying carrier insolvency in the event of a non-indemnifiable loss.
Download Excess Plus™ Sell Sheet
Products may not be available in every state. State variations may apply. Specific state-required endorsements may modify the terms of the standard policy form.