Great American Offers Stand-Alone Fiduciary Liability Protection

Great American Insurance Co.’s Executive Liability Division is offering fiduciary liability coverage within its ExecPro series of products.

The progressive language of Great American’s ExecPro Fiduciary Liability Insurance Policy, combined with many optional enhancements, has resulted in one of the broadest fiduciary liability coverages available in the marketplace. The new policy is available in most states.

Great American’s ExecPro Fiduciary Liability Insurance Policy includes, but is not limited to, the following features:

* Claims made policy with limits of liability up to $25 million

* Option for defense costs in addition to limit of liability

* Duty to defend with the insured having the right to assume the defense

* No retention if insurer defends; advancement of defense costs if insured defends

* Either/or discovery option

* Broad definitions of “Claim,” “Loss” and “Insured.”