Executive Risk Protection

Asset Protection Policy

Management liability for private companies and non-profit organizations.

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Insurance Type

Admitted & Non-admitted

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Distribution

Retail & Wholesale

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Availability

Available in 50 U.S. states and D.C.

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Not an agent or broker?

For private companies or non-profit organizations interested in an Asset Protection Policy from RLI, simply ask your agent or broker for a quote.

Management errors & omissions liability

Management errors and omissions liability insurance provides coverage for claims resulting from managerial decisions that may have negative financial consequences for the entity. The APP includes pre-claim inquiries, automatic coverage for newly-acquired subsidiaries, and plaintiff attorney fees. Notable and available sub-limits include:

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)

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

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Fiduciary liability

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

Additional coverage features

Monoline or combined
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
With the purchase of our Asset Protection EPL policy, insureds are offered complimentary hours of value-added risk management services from Gordon & Rees
100% defense cost allocation

RESOURCES

Policy forms look up & loss runs

Our online system provides Executive Liability policy forms and applications.

Request loss runs.

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Contact an underwriter

Find your underwriter

Our nationwide team of underwriters utilize their expertise and innovative approached to underwrite risks specific to their regions and market segments.