Executive Safeguard

Executive Safeguard offers four important coverages: Directors and Officers Liability; Employment Practices Liability; Fiduciary Liability; and Special Risk Insurance

Philadelphia Insurance Companies Program Benefits:

• The Policy allows flexibility in choosing limits and deductibles.
  
• The Policy may be offered with separate or combined limits of liability.
  
• Eliminates potential gaps in coverage.
  
• Unique combination of coverages addressing a broad range of exposures facing today's Directors and Officers.
  
• Global coverage with no limitations to territory.

Philadelphia Insurance Companies Coverage Features Include:

• Directors and Officers Liability (Part 1) provides "Entity" coverage for Merger and Acquisition claims with optional SEC "Entity" coverage and Demutualization "Entity" Coverage.
  
• Employment Practices Liability (Part 2) offers coverage for mental anguish, emotional distress, slander and defamation resulting from a covered claim.
  
• Fiduciary Liability (Part 3) provides automatic coverage for newly created/acquired benefits plans.
  
• Special Risk Insurance (Part 4) broadly defines Insured, including spouses, siblings and relatives.
  
• Coverage extends to spouses of the Directors and Officers, as well as to duties for a non-profit organization.
  
• Optional Duty to Defend provision.
  
• Supplemental payments for Court attendance of $100 per day with no limitation.
  
• Accidental Death benefit for executive search and recruiter fees (optional endorsement).
  
• 90 day reporting tail with automatic 12 month extension if Policy is renewed.
  
• Optional multi-year policy with discounted premium for the subsequent years.

Documents Required for Binding Quotation:

• Completed, signed and dated original application.
  
• Latest audited financial statement and most recent interims.
  
• Copy of registration statement or private placement memorandum, if applicable.
  
• Copies of most recent 10-K and 10-Q.
  
• Copies of year-end and most recent quarterly/call reports (Banks/S&Ls).
  
• Auditor's Management Letter and applicant's response.
  
• Complete loss history for the past five (5) years.
  
• Copy of Employee Handbook and sample employment application.
  
• Most recently filed Form 5500s for all proposed benefits plans.
  
• Copies of Indemnification Agreements of Directors & Officers.
  
• Copies of EEO-1 reports filed in the last three (3) years.

Philadelphia Insurance Companies, One Bala Plaza, Suite 100, Bala Cynwyd, PA 19004. Tel: 610-617-7900; Fax: 610-617-7940.