Main Phone
312-360-1566
Fax
312-360-1565
Asset Protection Policy
RLI’s Asset Protection Policy (APP) offers management liability coverage for private companies and non-profit organizations. Customizable to meet your customers’ unique exposures, RLI APP is supported by a local team of underwriters and claims advocates and backed by the financial security of RLI to protect your customers’ assets.
Directors and Officers Liability (D&O) coverage is management errors and omissions liability insurance, covering claims resulting from managerial decisions that may result in adverse financial consequences to the entity. The APP includes pre-claim inquiries, automatic coverage for newly-acquired subsidiaries and plaintiff attorney fees. Notable sublimits available are:
- Additional limit of liability for Side A losses
- Costs related to a Section 220 request (Books and Records)
- Investigative costs related to responding to a derivative demand
- Roadshow coverage for Pre-IPO insureds
Employment Practices Liability (EPL) coverage protects employers from allegations such as discrimination, harassment and retaliation claimed by employees or another third parties. Some of the key features of the APP EPL policy include:
- Workplace violence expense coverage now offered by sublimit
- Claimant attorney fees are now included in the definition of Loss
- Wage and Hour defense sublimit is available for a select class of businesses and number of employees
- Continuity of Coverage offered to provide renewal insureds the ability to notice their previous RLI EPL policy for claims after 60 days of coverage expiration
Fiduciary Liability coverage protects the sponsors and administrators of employee benefit plans against losses caused by breaches of fiduciary responsibilities defined under the Employee Retirement Income Security Act (ERISA). The APP offers insureds full limits for Settlor functions and includes coverage for pre-claim inquiries and informal investigations. Notable sublimits available in the RLI APP are:
- HIPAA Privacy Rule penalties
- Section IRC 4975 penalties
- Section 502(c) penalties
- Pension Protection Act penalties
- Affordable Care Act penalties
Crime protects against losses resulting from Employee theft, forgery, computer and funds transfer fraud; theft, disappearance or destruction of property. Notable enhancements include:
- ERISA theft coverage
- Claims expense coverage
- Client property coverage
- Credit, debit or charge card forgery coverage
- Computer system restoration expense coverage
- Fraudulently-induced transfers (social engineering) coverage
- Expanded definition of Employee
- Discovery basis
Add on Miscellaneous Professional Liability (MPL) to any APP and protect against legal rulings related to alleged errors, omission and misrepresentations while providing professional services.
|
|
Western ZoneLos Angeles Office
Central ZoneChicago Office
Eastern ZoneNew York Office |
|
© 2024 RLI Corp