Fiduciary Liability Included in all Elements Policies

• Spousal extension includes domestic partners
• Materials, other than signed insurance applications, limited to 12 months prior to policy inception
• Punitive damage coverage (where insurable) with most favorable venue language
• Worldwide application of coverage
• Flexible claims reporting provision allows claims to be reported as soon as practicable and up to 60 days post policy expiration, provided that they are reported
• Automatic coverage for acquired Subsidiaries
• Broad definition of damages including arbitration awards; punitive, exemplary, and multiple damage awards; and pre-and post-judgment interest
• Non-rescindable coverage for non-indemnifiable claims
• Flexible defense and settlement options
• No pyramiding of limits between coverages when separate limits are purchased

Elements Included in Fiduciary Liability Coverage

• Broad definition of Insured
• Extends to the plans and to all of the insured company’s officers, sponsor organizations and employees charged with fiduciary or administrative responsibility for employee benefit plans
• Sublimits available for Voluntary compliance penalties levied by the IRS, UK fines and penalties, and Delinquent 5500 filer penalties