The coverage provides protection for In-House Counsel in the event that their employer's Directors & Officers Liability policy will not or cannot protect them for liability resulting from professional services.
- Broad definition of claim
- Optional duty to defend with choice of counsel
- Moonlighting and pro bono services covered in the form without requiring prior company approval (for full time counsel)
- Full defense coverage for Sarbanes-Oxley 307 actions (for publicly held companies)
- Coverage provided for part time and contracted attorneys
- Coverage provided to the entire support staff
- Full limit of liability available for defense even when the company or the shareholders sue the attorney