Insured Persons and Organization

E-Risk’s Insured Person and Organization Liability coverage can insure the personal assets of a non-profit’s Insured Persons and the organization’s assets in the event of a lawsuit.

• Full entity coverage for the Insured Organization
• Broad definition of Insured Person
• Severability as respects to all exclusions
• Punitive damaged coverage (Most favorable venue language) where insurable
• Contract exclusion does not apply to Costs, Charges and Expenses
• Functional equivalent coverage for foreign entities
• Broad definition of claim includes Civil and Criminal actions
• Wrongful Act includes Publisher Liability Act and Personal Injury Act
• No failure to maintain insurance exclusion
• Final adjudication requirement in the Fraud exclusion
• Ability to give Notice of potential claims during Discovery Period
• No Retention (when EPL Coverage Section is elected)
• Costs, Charges and Expenses (Defense costs) are outside the limit of liability

In addition to the above coverage highlights, our BAM Non-Profit General Terms and Conditions have the following coverage benefits:

• Worldwide coverage
• Coverage non-cancelable by underwriters except for non-payment of premium
• Broad definition of Insureds, including coverage for Directors and Officers, employees, trustees and volunteers
• Spousal/domestic partner extension
• Severability as respects to the application
• Broad definition of organization to include the corporate entity and such organization in debtor possession
• Multiple year run off and discovery period options offered at time of quote
• No Consent to Settle clause
• Unlimited discovery period for Insured Persons who were not actively serving in their capacity as an Insured Person at the time of cancellation or non-renewal by the insured organization

• Primary $5MM in capacity for each coverage section. Options for combined or separate limits of liability are available
• Excess $5MM in capacity for each coverage section. Options for combined or separate limits of liability are available
• $0 retention on the Insured Person and Organization Coverage Section if the EPL is elected
• Defense is outside the limit of liability for all coverage sections

• 501(c) 3 General Corporations
• 501(c) 4 Civic Leagues
• 501(c) 6 Business Leagues
• 501(c) 7 Recreational Leagues
• 501(c) 8 Fraternal Societies
• C501(c) 10 Lodge Systems

• 501(c) 2 Corp. holding titles
• 501(c) 5 Labor Organizations
• 501(c) 9 Voluntary Employee Associations
• 501(c) 11-27 Cemetery Companies, Credit Unions, Insurance Associations, Government Trusts, Trusts for Pension Benefits/Unemployment Benefits, Armed Services MEWA’s, Government or State related services

• Association - Condo / Homeowners
• Association - Lawyers / Bar
• Association - Property
• Association - Regulatory
• Colleges/Universities
• Economic Development
• Authority / Organization
• Firearms Advocacy Organization
• Hospitals w/over 200 beds
• Land Preservation Organization
• Labor Federation
• Standards Review / Peer Review
• Political Organization
• Tenants' Advocacy
• Unions
• United Fund Councils