Miscellaneous Professional Services

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.

• Broad definition of claim
• Broad definition of Insureds
• Automatic coverage for independent contractors
• Punitive damages coverage (Most favorable venue language) where insurable
• Defense covered and final judgment wording for fraud exclusion
• Coverage for common ownership of less than or equal to 15%
• Mergers and Acquisitions clause
• Innocent Insured (severability) clause

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

• Duty to defend form
• World wide coverage
• Coverage non cancelable by Underwriters except for non-payment of premium.
• Broad definition of Insureds, including coverage for Directors and Officers, employees as well as the corporate entity and any such organization as a debtor -in-possession or a bankruptcy estate of such entity.
• Severability as respects all exclusions and the application.
• Spousal/domestic partner extension
• Broad definition of subsidiary to include automatic coverage for newly created or acquired subsidiaries with no threshold or reporting requirements. Automatic coverage for joint ventures.
• Multiple year run off and discovery period options offered at time of quote.
• Bilateral discovery
• No Hammer clause