PHLY has increased limits on Bell Endorsement and created a Crisis Management Endorsement that will be attached to all of our policies.
Bell Endorsement
- $50,000 Identity Theft Expense - coverage which reimburses the expenses of any director or officer who becomes a victim of an incident of identity theft.
- $50,000 Terrorism Travel Reimbursement - which covers any director or officer for emergency travel expenses that he or she incurs in the event of a "certified act of terrorism".
- $50,000 Emergency Real Estate Consulting Fee - coverage for realtor’s fee or real estate consultant’s fee necessitated by the Insured’s need to relocate due to the "Unforeseeable destruction" of the Insured’s principal location.
- $25,000 Temporary Meeting Space Reimbursement -coverage for rental of meeting space which is necessitated by the temporary unavailability of the Insured’s primary office space due to the failure of a climate control system, or leakage of a hot water heater.
- $50,000 Workplace Violence Counseling - in the event that a
violent incident occurs at any of the Insured’s premises.
- $50,000 Kidnap Expense - coverage for reasonable fees incurred as a result of the kidnapping of a Director or Officer or their spouse, domestic partner, parent or child.
- $50,000 Key Individual Replacement Expenses - coverage for the Chief Executive Officer or Executive Director who suffers an "injury" which results in the loss of life. No deductible applies to this coverage.
- $50,000 Image Restoration and Counseling - coverage
for image restoration and counseling arising out of "Improper Acts."
- $50,000 Donation Assurance - coverage for "Failed Donation Claim(s)."
- $50,000 Business Travel - coverage for Business Travel Accidental Death Benefit to the Named Insured if a Director or Officer suffers an "injury" while traveling on a common carrier
for business.
- $25,000 Conference Cancellation – coverage for any business-related conference expenses, paid by the insured and not otherwise reimbursed, for a canceled conference that an employee was scheduled to attend. The cancellation must be due directly to a "natural catastrophe" or a "communicable disease" outbreak that forces the cancellation of the conference.
- $25,000 Fundraising Event Blackout – coverage for expenses that are incurred due to the cancellation of a fundraising event caused by the lack of electric supply resulting in a power outage, provided the fundraising event is not re-scheduled. The fundraising event must have been planned at least thirty (30) days prior to the power outage.
- $5,000 per employee: $25,000 policy limit Political Unrest – coverage to reimburse any present director, officer, employee or volunteer of the named insured while traveling outside the United States of America for "emergency evacuation expenses" that are incurred as a result of an incident of "political unrest."
- $1,500 Travel Delay Reimbursement – coverage to reimburse any present director or officer of the named insured for any "nonreimbursable expenses" they incur as a result of the cancellation of any regularly scheduled business travel on a common carrier.
Crisis Management
- $25,000 Crisis Management - coverage for "crisis management emergency response expenses" incurred because of an "incident" giving rise to a "crisis."
The Enhanced Bell and Crisis Management Endorsements will be effective November 2009 for all approved states.
All coverages are not available in all states due to state insurance regulations.
