• Full entity coverage for the Insured Organization
• Broad coverage for most private securities claims
• Punitive damaged coverage (most favorable venue language) where insurable
• Contract exclusion applies only to the Company
• Additional limit available for non-indemnifiable acts
• All entity exclusions carved back for security holder litigation
• Outside directorship coverage for both for and not for profit organizations
• 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 and claims brought or maintained by any bankruptcy trustee
• No Retention (when EPL Coverage Section is elected)

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