PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) -- RLI Insurance Company announced today that the RLI Executive Products Group has enhanced its Executive PlusTM Side A Difference in Conditions (DIC) Directors & Officers Liability Policy.
The Executive Plus policy protects the personal assets of directors and officers when the corporation cannot or will not indemnify or when other underlying insurance is nonexistent or has been exhausted. The new policy includes several coverage enhancements, such as:
“We are pleased to introduce our new Executive Plus policy,” said RLI Insurance Company President & COO, Michael J. Stone. “The new policy enhancements, combined with industry-leading underwriting and claim expertise, will provide unparalleled protection for directors and officers.”
RLI is able to offer both primary and excess coverage, written as dollar-one coverage or primary Side A DIC above a tower of traditional D&O coverage, with limits up to $25 million. Specific terms and conditions of policy coverages are provided in the insurance policy documents.
RLI Corp. (NYSE: RLI) is a specialty insurer serving diverse, niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by A.M. Best Company, a distinction held by fewer than 10 percent of property and casualty insurance companies in the U.S. RLI has paid and increased dividends for 40 consecutive years and delivered underwriting profits for 19 consecutive years. To learn more about RLI and its 50-year history of financial strength, visit www.rlicorp.com.
Vice President, Executive Products Group
Source: RLI Corp.