COVERAGE OPTIONS

Outside Limits

With this coverage option, the limits of liability available to pay money damages such as settlement or judgment are not reduced by the costs incurred to defend a claim.  Additionally, the deductible is applied once per policy period, not on a per claim basis, but as one aggregate deductible, with the exception of a claim arising out of securities activities, wherein the deductible would apply on a per claim basis.

Inside Limits

Provides a less expensive premium but also reduces protection.  With this coverage option, the limits of liability available to pay money damages such as settlement or judgment are reduced by the costs of claims defense incurred in defending a claim.  Additionally, the deductible is applied to each and every claim, not as an aggregate deductible, per policy period.

OBLIC CLAIMS-MADE & REPORTED POLICY PROVIDES:

• Broad Prior Acts protection available, including for lateral hired attorneys
• Up to $25 million per claim and $25 million aggregate claims per policy (if eligible)
• Cyber breach coverage for all OBLIC policies at a $50,000 sublimit. Additional limits available for purchase.
• Flexible Extended Reporting Period Options
• Two Policy Options – (1) Defense costs outside limits of liability, or (2) Defense costs included within (inside)
  limits of liability (which reduces available limits to pay settlements or money damages)
• Disciplinary defense, subpoena assistance, cost reimbursement and claims repair coverages
• This description provides brief highlights and is subject to the coverage, conditions, and exclusions of the policy