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Program Features
ALTRU /Arch Insurance Company
Non-profit Organization and Management Liability Insurance Policy
Forms 00ATL0003000405 and 00ATL001000405
Coverage Highlights
Carriers:
- Arch Insurance Company and Arch Specialty Company. Rated A (Excellent) XIII by A.M. Best
Policy forms:
- Claims-made, "Pay on Behalf of" form.
- Full Prior Acts Coverage
- Form 00ATL001000405 provides for the Insured's duty to defend claims. $1,000,000 Defense Costs coverage in addition to the policy limit available by endorsement.
- Form 00ATL003000 provides for the Carrier's duty to defend claims. $1,000,000 Defense Costs coverage in addition to the policy limit available by endorsement.
Insureds:
- The Non-profit Organization
- Any For-profit Subsidiaries
- Any Scheduled Non-profit Affiliates
- Directors, Officers, Trustees
- Employees, Volunteers, Committee Members, Staff, Faculty
Special Features and Options:
- Broad Employment Practices Liability Coverage Included
- Coverage applies to EEOC complaints or other administrative proceeding.
- Third-Party Discrimination and Harassment Coverage Included
- Fiduciary Liability Coverage Extension Included for $100,000. Higher limits, available upon request.
- No Personal Injury Exclusion (Defamation, Libel/Slander Coverage Included).
- Defense Coverage for Claims Seeking Non-monetary Damages
- Marital Estate Coverage Included
- Coverage provided for service on Outside Non-profit Boards
- Punitive Damages Coverage Included
- Excess Benefit Transaction Penalty Coverage included
- Work Place Violence Coverage available
- Extended Reporting Period Options include One-Year at 40%, Two-Years at 75% or Three-Years at 100% additional premium.
This reference sheet is provided for convenience only. The terms and conditions of the coverage may be modified by policy endorsements and applicable state requirements. Review the policy itself including any amendments for full coverage details.
Minimum Premiums begin at about $1,100. Limits of Liability from $500,000 to $10,000,000 available.
