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Utica
Mutual
E&O |
Your
Current
E&O |
Standard
Policy Coverages |
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Operations covered include Property and Casualty, Life, Accident and Health (also includes loss control services,
notary services, property appraisals for insureds, expert witness, and instructor of insurance subjects) |
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Full
prior acts coverage for the named insured at no extra
charge* |
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Broad definition of insured includes leased/temporary persons as well as legal spouse, former insureds and independent contractors |
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Defense
cost in addition to limits of liability |
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Coverage
provided for any newly acquired or formed organization
(coverage afforded for 90 days) |
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First
dollar defense coverage (optional loss and litigation
deductible*) |
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Aggregate
deductible caps your annual deductible exposure |
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Consent
to Settle clause prevents claims settlement without your
approval |
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Contractual Liability coverage as well as Advertising and Personal Injury coverage for professional activities |
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Insolvency
coverage provided for insurance carriers rated "B" or better
at the time of placement (coverage available for self-insurance
programs subject to financial review) |
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Dishonesty coverage provided subject to exclusion of participating insureds |
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Punitive
and exemplary damages covered under definition of loss (where
permitted by law) |
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Optional extended reporting period reinstates aggregate and offers options up to 10 years |
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Worldwide coverage (suit may be brought anywhere in the world) |
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Coverage up to $25,000 for response to a complaint or the defense of an investigation brought by:
1) Insurance Department, 2) State regulatory agency or 3) Other government agency for “loss” covered by the E&O policy |
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Coverage for claim by an entity or individual which is wholly or partially owned, operated, managed or controlled by the insured;
did wholly or partially own, operate, manage or control; or is wholly under the same ownership, operation, management or financial
control as the insured provided the percentage of partial ownership, operation, management or control is 10% or less. |
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Reduction of your deductible (Diminishing Deductible) as a result of current continuous claims free years of coverage.
Up to 50% credit of your policy deductible. |
