Fiduciary Liability

Elements is a flexible insurance policy that allows public, private and non for profit companies to obtain market-leading management liability, employment practices, and fiduciary liability coverages for risks that threaten the company, management, employees, boards of directors and others. The policy allows them to choose Directors & Officers Insurance (D&O) and/or Employment Practices Liability Insurance (EPL) and/or Fiduciary Liability Insurance in any combination with shared or separate limits.

Included in all Elements policies:


  • Spousal extension includes domestic partners
  • Materials, other than signed insurance applications, limited to 12 months prior to policy inception
  • Punitive damage coverage (where insurable) with most favorable venue language
  • Worldwide application of coverage
  • Flexible claims reporting provision allows claims to be reported as soon as practicable and up to 60 days post policy expiration, provided that they are reported
  • Automatic coverage for acquired Subsidiaries
  • Broad definition of damages including arbitration awards; punitive, exemplary, and multiple damage awards; and pre-and post-judgment interest
  • Non-rescindable coverage for non indemnifiable claims
  • Flexible defense and settlement options
  • No pyramiding of limits between coverages when separate limits are purchased

Included in Fiduciary Liability coverage:


  • Broad definition of Insured
  • Extends to the plans and to all of the insured company’s officers, sponsor organizations and employees charged with fiduciary or administrative responsibility for employee benefit plans
  • Sublimits available for Voluntary compliance penalties levied by the IRS, UK fines and penalties, and Delinquent 5500 filer penalties

Program highlights and coverages are subject to underwriting guidelines, are for illustration purposes only and are not to be considered a contract of insurance.  Please refer to the policy for complete terms and conditions.