Top Directors, Officers and Managers Liability Insurance written specifically for member-owned utilities, this policy protects directors, officers, managers, staff and employees from suits alleging wrongful acts. Situations such as good faith board actions, employment- related suits, discrimination, sexual harassment or wrongful discharge are typical of covered losses. Important to note is specific coverage for the corporate entity, as well as the individuals covered. Deductible programs are available. Coverage for anti-trust defense costs is also available.
Financial security is provided through reinsurance.
For more information about Federated's reinsurance provider, Employers Reinsurance Corporation, see the ECR Group Web site . Adequate Amounts of Coverage Seek the advice of your counsel and risk management professionals to make sure you have an adequate amount of liability coverage in the event of a large lawsuit. Remember Federated's All-risk Blanket policy provides defense costs over and above the policy limits. An aggregate is a total, or a limit on how much an insurance policy will pay out during a policy period. Federated's primary liability policy and umbrella liability policy have no annual limits on personal injury, property damage or automobile claims.