RLI Corp. (NYSE:RLI) – Today RLI announced its new fiduciary liability
coverage, which includes features offered by few competitors, making it
the preeminent product in the fiduciary marketplace.
“Today’s fiduciary environment requires that insurance companies improve
their products to meet customers’ evolving needs,” said RLI Executive
Product Group Vice President A. Quentin “Skip” Orza II. “Our new
fiduciary policy delivers the ERISA liability coverage customers want
and our producer partners will find easier to sell.”
Among other improvements, RLI’s updated fiduciary policy includes:
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Insured Person explicitly includes estate, heir, legal representative
or assign as well as a trust which holds assets contributed – in the
event of death, incapacity or bankruptcy.
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Loss explicitly includes coverage for HIPAA penalties with no
retention applicable.
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ERISA definition explicitly includes HIPAA.
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Insured Plan explicitly includes cafeteria plan, dependent care
assistance program, and fringe benefit and voluntary employees’
beneficiary association as defined in sections 125, 129, 132 and
501(c)(9) of the U.S. Internal Revenue code.
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Claim explicitly includes a written request to toll or waive a statute
of limitations relating to a potential claim.
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Claim explicitly includes demand for arbitration.
RLI EPG’s fiduciary liability appetite includes, but is not limited to,
publicly traded companies, private companies, government entities and
churches.
RLI is a specialty insurance company serving “niche” or underserved
markets. Its proven, superior underwriting model creates the flexibility
to write unique coverages in a wide array of diverse industries. RLI’s
subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and
RLI Indemnity Company – are rated A+ "Superior" by A.M. Best Company and
A+ "Strong" by Standard & Poor's. RLI operates in all 50 states from
office locations across the country.
For additional information, contact A.Q. “Skip” Orza II at (908)
598-8375 or at A.Q.OrzaII@rlicorp.com
or visit the RLI EPG website at www.rli-epg.com.
RLI Corp.
A.Q. “Skip” Orza II
(908) 598-8375
A.Q.OrzaII@rlicorp.com
www.rlicorp.com
