Nuts & Bolts: Travelers Bond, a division of Travelers Property Casualty Corp., unveiled Broad Form PLUS+SM , a new policy that offers personal asset protec-tion for directors and officers when primary coverage and/or indemnification cannot or will not respond. Designed to meet the current needs of directors and officers, the new policy combines comprehensive coverage features and specialized claims handling expertise. Broad Form PLUS+ provides coverage for non-indemnified claims (“A-side”) against directors and officers, and includes Difference in Conditions (DIC) drop down features not present in most other policies.
Dollars: Capacity for limits up to $25 million.
Carrier: Travelers.
States Available: All. Currently admitted in approximately half the states.
Contact: local Travelers office
Was this article valuable?
Here are more articles you may enjoy.
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
As US Residential Solar Industry Craters, Florida Bucks Trend 
NYC Halts Construction at 222 Broadway Office-to-Residence Tower 
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market? From This Issue
