Benefits
- Individual risk underwriting
- Flexible policy periods ("injury or offense periods" and "claim reporting period")
- Single aggregate limit over entire policy period/claim reporting period (up to 5 year policy periods entertained)
- Tailored to protect for future claims from past operations
- Program structure options: guaranteed cost, deductible, self insured retention
- Policy form non-cancelable once bound
Coverages
- Merger & Acquisition liabilities (successor liability)
- Commercial General Liability
- Mono-line products-completed operations
- Isolated Liability Exposures (discontinued products/ laser coverage for specific products)
- Liability trigger conversion (claims made to occurrence)
- Retroactive limits of liability
Minimums & Limits
Minimums
- Minimum premium: $25,000
Limits
- Primary limits up to $2 million occurrence/$4 million aggregate
- Excess Limits up to $15 million per occurrence/aggregate
Target Client
- U.S. companies of all sizes, especially those actively involved in mergers and acquisitions
- Venture Capital or Private Equity firms
Restricted Industries
- Critical aircraft or auto parts and complete vehicle manufacturers
- Invasive medical products manufacturers (defined as implanted in the body for more than 15 days)
- Nursing home, hospital or social services owners or operators
- Pharmaceutical, nutraceutical or herbal supplement manufacturers
- Tobacco product manufacturers