E-Risk's BAM product is flexible package offering Employment Practices liability, Directors and Officer liability (with full entity coverage), Technology, Media and Professional Services or Miscellaneous Professional Liability, Fiduciary liability and Crime coverage. Any of these coverages can be chosen and separate limits of liability for each coverage are automatically provided.
Covered Insureds: General Partners, Managing Members, Managers, D&Os and the operating entity (Limited or General Partnership/Limited Liability Company/Corporation)
Built-in flexibility to cover management liabilities for partnerships (limited or general), Limited Liability Companies, and regular Corporations on one single policy form
All entity exclusions carved back for security holder litigation
Outside directorship coverage not for profit organizations and for profit organizations (subject to underwriting)
Functional equivalent coverage for foreign entities
Broad definition of claim
Broad definition of Loss
No failure to maintain insurance exclusion
Final adjudication requirement in dishonesty exclusion and personal profit exclusion
Pollution exclusion amended to cover share holder derivative actions
Broad carve backs as respects the Insured vs. Insured exclusion, including claims brought by any former director or officer of the company solely in their capacity as a securities holder (2 years) and claims brought or maintained by any bankruptcy trustee
