HFP Product Guide - Hartford Financial Products (HFP)

Private Choice Encore! For T.E.C. (continued)
Policy Features
• Flexibility to elect one or more coverage
parts, and to purchase a separate limit for
each coverage part or a single limit for all
liability coverage parts
• Option to tender defense to Insurer
• No mandatory arbitration/mediation
provision
• Settlements are subject to insured’s consent
(i.e., no “hammer clause”)
• Subsidiary coverage, subject to a 30%
acquisition threshold
• Coverage for advisory board members
• With respect to punitive damages, “most
favorable venue” provision is available
• 60 day post-policy extended reporting period
• Mandatory advancement of claims expense
(excess of the retention)
• Full coverage provided for corporate entity
and subsidiaries
• Broad private placements coverage with no
reporting requirements
• Guaranteed IPO Coverage quote
• “Road show” coverage
• Security holder carve-backs to the entityonly
professional services and intellectual
property exclusions
• Defense-only sublimit of $1 million for
antitrust claims as a carveback to the
entity-only antitrust exclusion
• State of the art Application Severability
(including non-rescindable under Side A)
The Hartford Universal Excess Policy
HFP’s streamlined excess policy is targeted at
risks across all industries. This versatile, easyto-use
policy can provide excess coverage over
many of the products underwritten by HFP
including D&O Liability, Fiduciary Liability,
12 D&O, EPL and Fiduciary Liability