HFP Product Guide - Hartford Financial Products (HFP)

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Both policies provide coverage for breaches of fiduciary duty and administrative errors and omissions. There is a duty to defend option available, but the insured may select counsel with the insurer’s consent. Optional Coverage Enhancements (available with both policies) • I.R.S. CAP (Closing Agreement Programs) Penalties • H.I.P.A.A. (Health Insurance Portability and Accountability Act) Private Choice Encore! ® For Large Private Companies Designed to meet the needs of large commercial, privately-held companies only, our policy can include D&O, EPL, ODL, Fiduciary, Fidelity, and Kidnap, Ransom & Extortion coverages in one package policy form. 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 • No mandatory arbitration/mediation provision • Settlements are subject to insured’s consent (i.e., no “hammer clause”) • Subsidiary coverage, subject to a 25% 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 D&O, EPL and Fiduciary Liability 5
Private Choice Encore! For Large Private Companies (continued) • Mandatory advancement of defense costs (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 • State of the art Application Severability (including non-rescindable under Side A) The <strong>Hartford</strong> Employers Premier Choice Policy SM Coverage is for employment-related allegations, such as employment discrimination, sexual or other workplace harassment, wrongful dismissal, discharge and termination, retaliation and other workplace torts. Employment practices liability coverage for public companies that are financially sound with established and effective employment practices and controls Excluded classes – law firms and auto dealerships Minimum premium – $10,000 Minimum retention – $50,000 Policy Features • Broad definition of wrongful act • Broad definition of insured person • No mandatory panel counsel • No conduct exclusion 6 D&O, EPL and Fiduciary Liability
Page 1 and 2: HARTFORD FINANCIAL PRODUCTS Product
Page 3 and 4: Table of Contents Product Page D&O,
Page 5: Side A D&O The Hartford Priority Pr
Page 9 and 10: The Hartford Universal Excess Polic
Page 11 and 12: The Hartford Employers Premier Choi
Page 13 and 14: Private Choice Encore! For T.E.C. (
Page 15 and 16: D&O and Company Liability (continue
Page 17 and 18: Investment Advisor and Investment C
Page 19 and 20: Fiduciary Liability The Pension and
Page 21 and 22: Private Equity Fund and Management
Page 23 and 24: D&O and Company Liability (continue
Page 25 and 26: Commercial Crime and Financial Inst
Page 27 and 28: Financial Institutions (continued)
Page 29 and 30: Professional Liability Miscellaneou
Page 31 and 32: Accountants Professional Liability
Page 33 and 34: The Hartford Premier Lawyers Profes
Page 35 and 36: Real Estate Errors and Omissions Li
Page 37 and 38: FailSafe ® Technology Professional
Page 39 and 40: Transactional Risk Representations
Page 41 and 42: Notes 40 Notes

HFP Product Guide - Hartford Financial Products (HFP)

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